No Annual Reports
New Mexico LLCs are easy to form and maintain. After formation there are no annual filings or reports. This means no fees, fines or deadlines to keep up with. Our service is simple. We have an online order form and we file your documents the same day.
Our formation service includes free use of our address, free mail forwarding, an operating agreement and more. New Mexico's Secretary of State only requires the name of the person organizing the LLC. This means our information goes online rather than yours. These reduced formalities make New Mexico LLCs ideal for privacy minded and cost conscious individuals.
The first year is $199 and only $49 in future years. You can't get cheaper.
Owners and managers are kept private. Your information remains anonymous.
Online ordering, no annual reports and low fees.
Protect your personal assets from business creditors and prevent treasure hunters from seeing what you own.
An LLC is a type of business entity. They are newer than corporations, but have since become more popular. Limited liability companies comprise approximately 2/3 of new company formations. This is due to their simplicity and flexibility when compared to corporations.
An LLC is considered its own person in the eyes of the law. This separation prevents owners from being personally liable for company debts. LLCs also enjoy tax benefits sole-proprietorships do not. Shifting income through an LLC can significantly lower taxes due to new legislation regarding pass through entities.
Other states require owners and managers be listed publicly. Usually on the Articles of Organization and the Secretary's website. This is a privacy concern and a hassle. Whenever there are ownership, management, or location changes a form and fee must be filed.
New Mexico LLCs only list the name of the person who files the paperwork. This person is also called the Organizer. We use our name and address to protect your information. You stay private and changes don't require notifying anyone.
A common reason for pursuing privacy is people simply don't want to put their name, address, phone and email on the internet for everyone to see. Publishing this information is not generally advisable.
Listing your name and assets online can make you a target. It also makes it easier for existing and potential creditors to determine their payday before deciding to sue you.
Examples uses include privately maintaining a blog, anonymously titling your home and establishing a "personal bank" which lends you money, but has no obvious trails back to you. These are just some reasons people form anonymous LLCs.
Nearly ever company needs one. Only if the LLC is solely used to title assets will it not. Otherwise, it is required to open a bank account, have employees or when you start to generate revenue. We would be happy to obtain your EIN as part of the formation process, or you may follow our do it yourself guide here. The process takes around fifteen minutes.
We include an operating agreement with every limited liability company. The agreement is completed with your information and provided in Word format so you may make any edits you like. Read more about operating agreements here.
Every client receives five pieces of free mail forwarding. This excludes registered agent and junk mail. Mail we receive is promptly scanned to your online portal. If you receive credit cards, checks, or anything large, then we will forward your items at cost. Learn more about New Mexico Mail Forwarding & Virtual Offices here.
New Mexico's LLC is cheap. Their initial filing fee is low, but what makes the difference are the lack of annual reports or additional fees. Over many years this can add up to hundreds or thousands of dollars in saved fees. These savings mean New Mexico LLCs are the least expensive to form and maintain.