Forming an LLC is easy. With NW, it takes just minutes to start your business. And there are no annual fees to maintain your business. All you need to do is register online.
To form an LLC in New Mexico, you must provide the following documents to the Secretary of State:
1. Your name, address, and date of birth.
2. A copy of your driver’s license or state ID card.
3. Proof of residency.
4. Two forms of identification, including one that includes proof of citizenship.
5. Three copies of your financial statements.
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How to file Articles of Organization for a New Mexico LLC
Filing an articles of organization for a limited liability company (LLC) is easy if you know how to do it. If you are starting a business in New Mexico, there are three ways to form an LLC. One way is to use an online system like LegalZoom or Rocket Lawyer. Another option is to hire a lawyer or a law firm to help you set up the paperwork. A third way is to file the documents yourself. This guide explains how to file articles of organization for a New Mexico LLC.
Article of Organization Requirements
To start a business in New Mexico you must file articles of organization. These forms are filed with the Secretary of State and are required to obtain a business license. They include basic information about the company such as:
Forming an LLC is free to residents of New Mexico if you file online. You don’t even have to pay a filing fee. But there is one catch: you’ll need to register your business name with the state. If you want to form an LLC in New Mexico, you’ll need to file with the Secretary of State’s office. And it costs $50.
The filing fee is waived for individuals, nonprofit organizations and small businesses. However, large corporations are charged a flat fee of $1,500 per person. Nonresidents of New Mexico are required to pay a fee of $200.
There are several reasons why you might want to form an LLC. For example, you could use an LLC to protect yourself against personal liability claims. Or you could set up an LLC to hold assets like real estate, collectibles, artwork or intellectual property.
Your new LLC needs to file Articles of Organization with the New Mexico Secretary of State. This document is called the “Articles of Organization.” You’ll need to submit it within 30 days of forming your LLC.
To register, you must provide some basic information about yourself, such as your full legal name, mailing address, and telephone number. You’ll also need to give the state your company’s registered agent’s contact information.
If you want to change your LLC name after registering, you’ll need to reregister with New Mexico Secretary of State because it doesn’t automatically update.
LLC Approval Time: New Mexico
If you’re thinking about starting a business in New Mexico, it might be worth waiting until the end of next month. The state’s LLC filing deadline is April 30th. If you file early, you’ll pay an extra $50 fee. But once you’ve filed, you won’t have to wait long to start doing business in New Mexico. You just have to wait for your paperwork to come through.
Once your LLC is approved, the state sends you an acceptance letter and some forms. Then you fill out those forms and mail them back to the state. After that, you’ll receive a certificate of organization. That document gives your LLC legal status in the state.
You’ll want to keep that certificate safe because you’ll need it later. When you open a bank account, you’ll need to show proof that your LLC exists. And when you apply for a loan, you’ll need to providee a copy of the certificate of organization.
The good news is, that there are no fees associated with getting the certificate. So don’t worry about paying anything extra. Just make sure you send everything off before the deadline. Otherwise, you’ll have to wait another 12 weeks to do business in New Mexico.
Next step: LLC operating agreement
An Operating Agreement is a great tool to help you set up your business. It’s one of the most important documents you’ll ever sign. But many people don’t know where to start. They think they need to hire an attorney to draft an Operating Agreement, but that isn’t true. You can write an Operating Agreement yourself. And if you do, you’ll save thousands of dollars.
We cover everything from what type of entity to form to what types of liabilities are included. Plus, we explain why you need to keep track of who owns what percentage of your company.
Starting a business with $0 down is easier than you might think. Watch to see how I did it!
New Mexico Secretary of State Contact Info
The Secretary of State’s office provides contact information for filing documents related to creating a limited liability corporation (LLC), including LLC formation forms, LLC operating agreements, and LLC dissolution forms.
Frequently Asked Questions
How to Obtain New Mexico Certified Copies
You must do it yourself if you want a certified copy of your New Mexico Business License. There is no process to obtain a certified copy via the Secretary of State’s Business Portal.
What is a New Mexico Certificate of Good Standing?
A New Mexico Certificate of Good standing proves that your company is in existence and is authorized to conduct its operations within the state. This document serves as evidence that you are operating under the proper legal authority. If your business needs to file documents with the SOS, it must obtain a good standing certificate before doing so.
The certificate requires the basic information about your organization, such as name, address, and principal place of business. It also includes certain financial statements, including balance sheets, income statements, and statements of changes in equity. You must submit the required documentation along with the application form.
Which New Mexico office issues Certificates of Good Standing?
The New Mexico Secretary of State’s Office issues certificates of good standing (CGS), good standing and status certificates (GSSC) and corporate resolutions. A CGS is required for most types of businesses, while a GSSC is required for limited liability companies (LLCs). To obtain either document, you must file a form with the secretary of state’s office. You can request a CGS online or via mail. It usually takes about three weeks to receive a response if you are filing a paper application.
To apply for a CGS, start by creating a profile on the secretary of state‘s website. Then, fill out the form and submit it electronically. Once the form is submitted, the secretary of state‚Äôs office will review your documents and issue a CGS within 30 days.
If you want to request a GSSC, follow the same process above. However, you must use the form found here. This form allows you to request a GSS without providing proof of incorporation.
James Rourke is a business and legal writer. He has written extensively on subjects such as contract law, company law, and intellectual property. His work has been featured in publications such as The Times, The Guardian, and Forbes. When he’s not writing, James enjoys spending time with his family and playing golf.
