Starting your own limited liability company can be intimidating. As a result, many entrepreneurs and aspiring business owners seek the assistance of professionals such as an LLC formation service.
To help you through this process of finding the best New Mexico LLC formation services, our team decided to conduct our own thorough research in order to find and test those companies that stand out among the rest.
This guide will inform you about the various leading LLC services in the state and the factors you should consider before hiring these companies.
Top 8 LLC Services in New Mexico (November 2022)
1 - ZenBusiness (Editor's Choice)
ZenBusiness LLC Service provides a full range of LLC formation services, from basic formation to advanced customization and beyond.
It offers an affordable, high-quality service that helps make the process of forming an LLC in New Mexico more convenient. A 1-year free registered agent service is also included in their formation package.
What we like best about them is that they are very responsive and easy to work with.
We never had a problem obtaining one of their packages, and we're just so pleased with how quickly they handled their orders and how easy it was to do so.
- Starter LLC Formation Package ($39): The company provides you with a starter package for starting a new LLC, including a New Mexico LLC business name search, filing the Articles of Organization with the state, creating an LLC Operating Agreement, and obtaining an EIN from the IRS.
- Pro LLC Formation Package ($149): Includes everything in the Starter package, plus more features like a corporate seal and a certificate of organization issued by the New Mexico Department of Banking & Insurance within 10 business days.
- Premium LLC Formation Package ($249): This package is an all-inclusive package that provides everything in the Pro plan, plus third-party features such as a business website, domain name, privacy protection, and business email address.
- New Mexico Registered Agent Service (starts at $0): The company offers 12 months of registered agent service. They also provide a New Mexico address for your business, allowing you to handle legal, financial, and tax-related matters without having to worry about maintaining a New Mexico office.
- They have a lot of formation packages you can choose from
- Competitive pricing on all services
- Worry-free compliance is provided
- Forming a business with them is quick and hassle-free
- Excellent client feedback
- Low brand recognition
2 - Northwest Registered Agent
Northwest Registered Agent is one of the most renowned LLC formation service providers in New Mexico, especially because they have been in the business for the past two decades.
Their reasonable prices, excellent customer support, and premium registered agent service for every package offered put them at the top.
They also have representatives assigned to each client account.
- Base Formation Package ($39): The company offers a base formation package for establishing an LLC. They'll register your business name, file the necessary legal documents and serve as your registered agent for one year while you get settled in.
- Deluxe Package ($275): Includes all the services from the base package. With this package, you'll gain access to an Employer Identification Number (EIN), allowing you to file taxes as a corporation. You'll also have access to online filing and notifications of lawsuits against your business.
- New Mexico Registered Agent Services (starts at $0): The company offers one year of registered agent service with all LLC packages. The service then renews annually for $125 annually.
- Have been in the industry for 2 decades
- Your privacy is their top priority
- Has a fair and transparent pricing model
- Free registered agent service for 1 year
- Their services are costly
3 - IncFile
IncFile has one of the best and most affordable packages, including the formation of your LLC in New Mexico and a registered agent service for one year.
They have many satisfied customers and have received many positive reviews from past clients, who recommend them highly.
Their packages start at Silver ($0), Gold ($149), and Platinum ($299).
- Silver Package ($0): IncFile offers the most affordable LLC service in New Mexico. This package includes a registered agent service, a business address, and all the tools you need to get started, including a name registration and a DBA.
- Gold Package ($149): The company offers a Gold Package that includes all the features of our Silver Package, plus more. These additional services include unlimited users, access to tax forms, a premium domain name purchase service, annual report services, and unlimited entity formation.
- Platinum ($299): For businesses that operate in multiple states or may expand further in the future, IncFile's Platinum Package is the ideal choice. It includes all of the services of the Gold Package, plus formation documents for other states where IncFile operates (including California).
- New Mexico Registered Agent Services ($0): IncFile provides registered agent services in New Mexico. IncFile will forward these documents electronically at no extra charge, so you do not need to worry about missing anything important.
- Affordable price points
- New Mexico Registered Agent included for a year
- They helped to form over 800,000 businesses
- Phone and email chat support are available
- Overwhelming upsells
4 - LegalZoom
LegalZoom is an online legal service that helps entrepreneurs, small business owners, and others start their own limited liability companies, making legal services affordable and accessible to everyone.
Moreover, its easy-to-use interface makes it one of the most popular LLC services in New Mexico.
- Economy ($79): This package encompasses all of the paperwork, including articles of organization and bylaws, and also comes with a free filing service with the state. You can even order business cards and letterhead.
- Standard ($329): The Standard plan is for businesses that need more help or services for a larger project. It includes all the features in Economy Edition plus access to an attorney-verified document that follow the state's requirements for incorporating or forming an LLC.
- Express Gold ($349): The Gold package is designed to provide additional services that can help you manage all the aspects of your business. It includes express shipping of your LLC paperwork and one-hour consultation with a business attorney.
- New Mexico Registered Agent Services ($299): A New Mexico Registered Agent Service provides a physical address for businesses, which can help businesses avoid paying sales taxes in multiple states and access an online knowledge base.
- They offer an array of packages to fit any budget, from basic services to more comprehensive options
- Highly experienced in the formation industry
- Easy-to-use interface
- You'll need to set up your own bank account and pay quarterly fees on it
- All courts or government agencies may not accept the documents provided by LegalZoom
5 - Swyft Filings
Swyft Filings are one of the best companies for accelerating the LLC formation process.
They believe that forming a business should not be difficult or time-consuming, so they assist businesses by providing a formation package that can assist them in establishing their business in a very efficient manner.
- The Basic package ($49): Includes business name availability search, preparation, and filing of articles of organization (and articles of incorporation), free 30-minute taxation counseling, ComplianceGuard business notifications, and normal processing speed.
- The Standard package ($149): includes: All described previously is included, in addition to a Federal Tax ID (EIN), customized organizational minutes, a custom LLC operating agreement, and a bespoke LLC banking resolution.
- The Premium package ($299): It covers everything in the Basic and Standard services, expedited filing, express and monitored FedEx shipment, a personalized online LLC kit, a free company website and hosting services, and digital delivery of official papers.
- Personalized customer support
- Reasonable prices
- Very useful website
- Service offers are limited
- Irrelevant upsells
6 - Harbor Compliance
Harbor Compliance LLC is a good place to start if you're looking for LLC services in New Mexico.
The company offers high-quality services, including business formation and registered agent service, as well as other services that keep businesses up to date on New Mexico laws.
- Formation Package ($399): The company offers a complete formation package at a very competitive cost, which includes essential services such as filing articles of organization, providing you with an operating agreement template, and obtaining a federal Employer Identification Number (EIN).
- Compliance Package ($799): Includes most of the same documents as the first package, along with additional services such as publishing notice of information, obtaining affidavits where required, and ongoing support during your first year of operation.
- New Mexico Registered Agent Services (starts at $99): It costs $99 per year and can get you up to a 10% discount if you purchase multiple years at once.
- It only takes them one day to process requests
- They offer 24/7 customer support
- They offer their services at very competitive rates with packages that can be tailored to your needs
- No tier pricing method
- Has a limited 24-hour response time for inquiries about payment and other services
7 - MyCompanyWorks
MyCompanyWorks, LLC Service is a highly rated, professional LLC service in New Mexico.
In fact, the company received great feedback from its customers for its fast processing time and excellent customer service.
- Basic ($79): The Basic package offers all the essentials to kick-start your business in New Mexico, including drafting articles of incorporation, operating agreements, bylaws, membership certificates, and minutes booklets, along with assistance from a CPA in matters of taxation.
- Entrepreneur ($199): It includes everything from the basic plan. Aside from that, the company also offers a comprehensive business plan for entrepreneurs. With this option, you can set up a company with advanced features like online access to your documents and legal consultation with an attorney.
- Complete ($279): This package includes a year of registered agent service in addition to the entrepreneur package.
- New Mexico Registered Agent Services ($99): MyCompanyWorks offers a registered agent service for new companies in New Mexico for $99 per year.
- Substantial customer feedback
- Their incorporation process is simple and straightforward
- Versatile packages
- The service is not available in all states, in case you want to expand your New Mexico LLC
- Limited service offers
8 - InCorp
InCorp has been providing its clients with exceptional customer service, offering a wide range of services to help businesses comply with state and federal regulations.
Their services are affordable and can help you with any other legal issues you might encounter.
They also provide personal, business, and commercial registered agent services in New Mexico.
- Their LLC formation package (starts at $99): Includes corporate and annual report filing, availability of names, tax return services, trademark registration, EIN federal, and a year of registered agent.
- 24/7 monitoring system
- Easy-to-use online portal
- Excellent legal support
- Lack of feedback from past customers
- Not enough versatility when it comes to the packages
Advantages of Creating LLC in New Mexico
Here are the following advantages of starting a New Mexico LLC.
1. Personal Liability Protection
One of the main advantages of forming an LLC in New Mexico is that it offers personal liability protection to its owners. This means that if the LLC is sued, the owner's personal assets will not be at risk.
2. Flexible Tax Options
Another advantage of forming an LLC in New Mexico is that it offers flexible tax options. LLCs can choose to be taxed as either a corporation or a partnership, depending on their needs.
3. Inexpensive Formation
Forming an LLC in New Mexico is relatively inexpensive and can be done online or by mail. There is no need to hire an attorney or accountant to help with the formation process.
4. Easy to Form
A Limited Liability Company (LLC) can be formed in New Mexico by filing Articles of Organization with the Secretary of State. The LLC will then be created at the time of filing, and you can begin operating your business immediately.
Unlike a corporation or a limited partnership, an LLC does not have to follow any formalities when it comes to maintaining records and minutes. This makes it easy for you to form your new business in New Mexico.
5. Builds Business Credibility
LLCs are known for their flexibility and ease of management compared to corporations and partnerships.
This makes them ideal for businesses that want to avoid the costs of setting up a corporation but still want a more formal structure than a sole proprietorship or partnership would provide.
New Mexico LLC Formation Process
- Step 1: Name your New Mexico LLC
- Step 2: Choose a Registered Agent in New Mexico
- Step 3: File the Articles of Organization
- Step 4: Create a Series of LLC Operating Agreements
- Step 5: Obtain an Employer Identification Number for Each Series
If you would like to start an LLC in New Mexico, check out our informative guide here.
Is New Mexico a Good State for LLCs?
Yes, New Mexico is a good state for LLCs. It's one of only four states (along with Delaware, Nevada, and Wyoming) that do not require you to appoint an agent or resident agent.
How Fast Can You Get a New Mexico LLC?
You can get a New Mexico LLC in about 1-2 weeks once you've filed all the necessary documents with your local Secretary of State's office.
Do I Need to File an Annual Report for my New Mexico LLC?
Yes, you need to file an annual report for your New Mexico LLC to maintain good standing with the New Mexico Secretary of State.
Choosing the right LLC service for your business is important because you will trust them, and your future company's reputation will also be at stake.
If you need help choosing the best one, we recommend ZenBusiness. This company has a very competitive price, with high-quality and fast services. They ensure that your company is up and running as soon as possible while not skipping any necessary steps to make your business legal.