When you’re starting a new LLC, it’s an exciting yet daunting time. You probably have questions about how to make your business legitimate and successful. There’s so much information out there about how to start a limited liability company right now, but we’ve rounded up the 5 best LLC formation services for New Mexico businesses.
Best LLC Formation Services In New Mexico 2023
Here are 5 of the very best LLC services you can find if you want to start a New Mexico LLC.
- Northwest Registered Agent: Best Overall
- TailorBrands: Most Affordable
- IncFile: Most Features
- ZenBusiness: Most Helpful
- Legalzoom: Most Recognizable
Read more: Best New Mexico Registered Agent
Best LLC Services in New Mexico January 2023
Northwest Registered Agent
Northwest has built an impressive name for themselves with happy customers and awesome legal services. Their services are more geared towards those wanting an excellent experience, and their prices might reflect that. In the end, we think it’s worth it to purchase a package from Northwest and get their superior customer support and peace of mind that your New Mexico LLC is being handled well.
With their inexpensive services, simple steps to LLC formation, and no hidden fees, we can definitely recommend TailorBrands as a great option for business formation services. However, some customers do complain that their refunds were difficult to obtain, and they didn’t offer phone support to resolve issues.
Even with these cheap prices and many features, customers aren’t always happy with the services they receive. In being a jack of all trades, it seems that IncFile is a master of none. However, if you need to file your New Mexico LLC with the state for free in a pinch, they’d do the trick.
Even with their low prices, free formation offered for moms, and accuracy guarantee, customers sometimes feed blindsided with the LLC cost and increase in fees after year one with ZenBusiness. They also have business owners pay extra for an EIN, which doesn’t happen with every LLC formation service.
The legal expertise, excellent handling of legal documents, awesome customer service, worry-free compliance calendar, and cheap pricing all draw us to LegalZoom’s services, but they have a few downfalls. Customers say that some of the LLC formation services are slower with processing, and their New Mexico registered agent services are pricey.
What Is an LLC Service in New Mexico?
If you live and work in New Mexico and desire to run your own business, forming a New Mexico business in the form of an LLC in New Mexico might be a great option for you. LLC stands for limited liability corporation, and it essentially means that you, as the business owner, will limit your liabilities associated with your new business when this LLC in New Mexico is formed.
How Much Does LLC Service in New Mexico Cost?
To form an LLC in New Mexico, you might have to pay extra fees. Some of these services we mentioned before are around $50-$100, but some are also free. If you’re a New Mexico business and a New Mexico resident, it’s free to form your LLC. However, if you want a service to help you start and manage your LLC, you might choose one of the five services we mentioned above, some of which are free, and some cost a one-time or annual fee.
How To Start An LLC In New Mexico
To start an LLC in New Mexico, you’ll need to follow several steps:
- Choose a business name and specialty
- File your new business entity with the state of New Mexico
- Obtain a New Mexico Registered Agent to manage your legal documents
- File your LLC with other states if you plan to do business elsewhere as well
If you’re searching for a New Mexico LLC formation service, there are plenty out there. However, some are better than others. Take our word for it and check out these 5 awesome New Mexico online LLC services that you can use to form your own LLC in New Mexico.
Frequently Asked Questions (FAQs)
Yes, the state of New Mexico requires a registered agent to be named for New Mexico LLCs. However, you can be your own registered agent if you don’t have a legal representative to name as your company’s registered agent.
No, not every business needs to form as an LLC. If you want to pay taxes separately for your business and LLC, it can be beneficial to separate all your business expenses by forming an LLC. This way, your personal assets will be separate from your business taxes. In this way, your limited liability company can protect you from any liabilities the business might have.
You can use New Mexico LLC formation services to obtain documents, or you can go directly to New Mexico’s state website to download these business documents.
Yes, we recommend having a separate business bank account for your new business to keep financial records straight. You are not required to, but we would highly recommend it.
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- Who must register a business? Businesses. Accessed November 27, 2022. https://www.tax.newmexico.gov/businesses/who-must-register-a-business/
- U.S. Small Business Administration. Choose a business structure. Choose a business structure. Published 2022. Accessed November 27, 2022. https://www.sba.gov/business-guide/launch-your-business/choose-business-structure
- Limited Liability and Corporation FAQ’s | Maggie Toulouse Oliver – New Mexico Secretary of State. Accessed November 27, 2022. https://www.sos.state.nm.us/business-services/limited-liability-and-corporation-faqs/