• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Evergreen Small Business

Actionable Insights from Small Business CPAs

  • Home
  • Small Business FAQ
  • Monographs
    • Maximizing PPP Loan Forgiveness
    • Preparing U.S. Tax Returns for International Taxpayers
    • Maximizing Sec. 199A Deductions Monograph
    • Setting Low Salaries for S Corporations
    • Small Business Tax Deduction Secrets
    • Real Estate Tax Loopholes & Secrets
    • Preparing Form 3115 for the Tangible Property Regulations
    • Small Businesses and the Affordable Care Act (Obamacare)
    • Five Minute Payroll Monograph (2019 Edition)
    • Download Your Free Copy of the Thirteen Word Retirement Plan
    • Business Planning Workbook
    • Sample Corporate Bylaws
    • LLC Operating Agreement
    • Joining Our Affiliate Program
  • Our Bloggers
  • Free LLC Formation Kits
    • Alabama LLC
    • Alaska LLC
    • Arizona LLC
    • Arkansas LLC
    • California LLC
    • Colorado LLC
    • Connecticut LLC
    • Delaware LLC
    • Florida LLC
    • Georgia LLC
    • Hawaii LLC
    • Idaho LLC
    • Illinois LLC
    • Indiana LLC
    • Iowa LLC
    • Kansas LLC
    • Kentucky LLC
    • Louisiana LLC
    • Maine LLC
    • Maryland LLC
    • Massachusetts LLC
    • Michigan LLC
    • Minnesota LLC
    • Mississippi LLC
    • Missouri LLC
    • Montana LLC
    • Nebraska LLC
    • Nevada LLC
    • New Hampshire LLC
    • New Jersey LLC
    • New Mexico LLC
    • New York LLC
    • North Carolina LLC
    • North Dakota LLC
    • Ohio LLC
    • Oklahoma LLC
    • Oregon LLC
    • Pennsylvania LLC
    • Rhode Island LLC
    • South Carolina LLC
    • South Dakota LLC
    • Tennessee LLC
    • Texas LLC
    • Utah LLC
    • Vermont LLC
    • Virginia LLC
    • Washington LLC
    • West Virginia LLC
    • Wisconsin LLC
    • Wyoming LLC
  • S Corporation Kits
    • Alabama S Corporation
    • Alaska S Corporation
    • Arizona S Corporation
    • Arkansas S Corporation
    • California S Corporation
    • Colorado S Corporation
    • Connecticut S Corporation
    • Delaware S Corporation
    • Florida S Corporation
    • Georgia S Corporation
    • Hawaii S Corporation
    • Idaho S Corporation
    • Illinois S Corporation
    • Indiana S Corporation
    • Iowa S Corporation
    • Kansas S Corporation
    • Kentucky S Corporation
    • Louisiana S Corporation
    • Maine S Corporation
    • Maryland S Corporation
    • Massachusetts S Corporation
    • Michigan S Corporation
    • Minnesota S Corporation
    • Mississippi S Corporation
    • Missouri S Corporation
    • Montana S Corporation
    • Nebraska S Corporation
    • Nevada S Corporation
    • New Hampshire S Corporation
    • New Jersey S Corporation
    • New Mexico S Corporation
    • New York S Corporation
    • North Carolina S Corporation
    • North Dakota S Corporation
    • Ohio S Corporation
    • Oklahoma S Corporation
    • Oregon S Corporation
    • Pennsylvania S Corporation
    • Rhode Island S Corporation
    • South Carolina S Corporation
    • South Dakota S Corporation
    • Tennessee S Corporation
    • Texas S Corporation
    • Utah S Corporation
    • Vermont S Corporation
    • Virginia S Corporation
    • Washington S Corporation
    • West Virgina S Corporation
    • Wisconsin S Corporation
    • Wyoming S Corporation
  • Contact Nelson CPA
You are here: Home / Free LLC Formation Kits for All Fifty States / Forming a New Mexico limited liability company

Forming a New Mexico limited liability company

new-mexicoForming your own LLC isn’t too difficult with a little assistance. We’ve got a free, downloadable “do it yourself” kit you can use. In other words, the price you pay to purchase equals “zero.” That kit provides more information about LLCs and includes a couple of free LLC operating agreements. (We used to sell the kit but since the Covid-19 pandemic have simply given the kit away.)

View Cart

If you don’t need that extra information and just need a primer on how to fill out the online application to start your limited liability company here’s what you do: (These instructions are up-to-date as of August 5, 2020.)

1. Check if the LLC name you want is available

Your first step in setting up an LLC is to check if the name you want to use is even available.

To do this, you can use the New Mexico Secretary of State online service at:

https://portal.sos.state.nm.us/BFS/online/CorporationBusinessSearch

By entering the name you want to use in the search form, you’ll be able to see if there’s another business already using the name that you want. You can’t use a name, by the way, that’s the same or deceptively similar to another existing LLC’s name.

2. File the Articles of Organization form on the New Mexico Corporations Bureau’s website

The LLC’s articles of organization form must be submitted online. You’ll need to create an account to use the web portal at:

https://portal.sos.state.nm.us/BFS/online/Account

3. Identify the name you want to use for your new LLC

Enter your business or investment name into the box “Proposed Limited Liability Company Name and Name Ending.” The name must include one of the phrases or acronyms, “Limited Liability Company,” “Limited Company,” “LLC,” or “L.L.C.”  Also, abbreviations for Limited (ltd.) and Company (co.) can be used. For example, all of the following names should be acceptable:

  • Acme Explosives Limited Liability Company
  • Acme Explosives Limited Liability Co.
  • Acme Explosives LLC
  • Acme Explosives L.L.C.

4. Specify the effective formation date

If you would like to assign an effective date other than the filing date, enter your specific date in the box “Effective Date Request”

5. State the period of duration

The period of duration is the life span of your LLC. Some LLCs are created for a specific purpose and are intended to exist only for a specific period of time. You can enter a specific date, or choose “Perpetual.”

6. State your business purpose

Put in the description of your business activity in the box “Business Purpose”. For example, you could put “technology consultant.”

6. Provide the name and address of your “initial agent”

New Mexico state wants to know the name for a real person within the state of New Mexico whom can act as the contact person should the state have questions or concerns about an LLC’s operation. You can pay someone else to be this registered agent, but it’s really easiest and cheapest to just be your own registered agent.

7. Give the principal/mailing address of the LLC’s office

Type the principal and mailing address where correspondence should be sent if it is different from the registered agent address.

8. Indicate how your LLC will be managed

LLCs can be managed either by all of their members, or owners, or they can be managed by only one or some of their members, who are in this case called managers or manager-members. To indicate how your LLC will be managed, mark the appropriate article number. Check Article Four if the LLC is run by a manager(s), or Article Five if the LLC is run by a single member.

Note: If you have multiple members or managers, ideally you’ll want to have an attorney draft an operating agreement.  This operating agreement should describe who the manager is or who the managers are if you’re setting up a manager-managed LLC.  If you’re a single member LLC, you should probably also have an operating agreement because having an operating agreement and honoring its terms improves your liability protection.  This kit provides excellent example operating agreements for you to consider when drafting your own.

9. Provide organizer information

Enter the name and address of the organizer, then confirm the authorization by entering your name and business title.

10. Select your payment method

Enter your payment information and submit the application. The filing fee is $50 and processing lead times vary.

Other Resources You Might Find Useful

Steps to apply for an employer identification number

How to complete a 2553 “S Election” form

Primary Sidebar

Welcome

Nelson CPA publishes this blog to help and encourage small business owners. Click here or call 425-881-7350 to discuss working together. P.S. We work with entrepreneurs from all over the country.

Need to help clients with their PPP loan forgiveness applications?

Updated for 2019 tax year changes and now available in print from Amazon!!

Maximizing Sec. 199A Deductions

International tax issues?

Preparing US tax returns for international taxpayers

Maximize S corporation tax savings

Setting Low S Corporation Salaries

Free retirement planning help

Picture of Thirteen Word Retirement Plan book

Search

Featured Posts

Updating your Financial Game Plan for Low Interest Rates and Equity Returns

A couple of times over the last few months, I've read good academic papers about the impact of historically low costs of capital. So, the impact of … [Read More...] about Updating your Financial Game Plan for Low Interest Rates and Equity Returns

Image of monkey wrenches for a Covid-19 late election blog post. Because Covid-19 is a monkey wrench for late S elections.

Covid-19 Late S Corporation Elections

Like most small business CPA firms, we love S corporations. Oh, no, it’s true. Call us crazy. But we love the way they help entrepreneurs reduce … [Read More...] about Covid-19 Late S Corporation Elections

Covid-19 Economic Uncertainty Update

Over most of the last year, we’ve talked a lot at this blog about economic uncertainty and the Covid-19 pandemic. As you maybe know, the popular … [Read More...] about Covid-19 Economic Uncertainty Update

Recent Comments

  • Stephen Nelson CPA on Updating your Financial Game Plan for Low Interest Rates and Equity Returns
  • Doug Miller on Updating your Financial Game Plan for Low Interest Rates and Equity Returns
  • Investing Blog Roundup: Remembering Dirk Cotton — Oblivious Investor on Updating your Financial Game Plan for Low Interest Rates and Equity Returns
  • Covid-19 Late S Corporation Elections - Evergreen Small Business on Free LLC Formation Kits for All Fifty States
  • Economic Optimist on Covid-19 Economic Uncertainty Update

Archives

Copyright © 2021 Stephen L. Nelson, Inc. · News Pro On Genesis Framework · WordPress