How Long Does It Take To Form An LLC In New Mexico? (Guide)
If you are planning to start an LLC in New Mexico, there are certain factors to consider, including state requirements, processing time and costs.
Over 8 years working with small business owners, I've filed 100+ LLCs across the majority of the states and guided 13 clients through New Mexico's specific formation requirements.
Working with our New Mexico business specialists, I've analyzed current Secretary of State processing data to provide you with accurate formation timelines.
These LLC formation services in New Mexico can help you through the process of the creation of your LLC and keeping your business in good standing over the years.
Quick Summary
- Online filings process in 1 to 3 business days through the New Mexico Business Portal.
- The state of New Mexico does not offer expedited service.
- New Mexico eliminated mail filing in December 2024, requiring all LLC formations to be submitted online.
- To avoid potential delays, I always ensure to comply with state business laws, submit all required formation documents and file during low seasons.
What is The Fastest Way to Start an LLC in New Mexico?
The fastest way to start an LLC in New Mexico is by filing online through the state's Business Portal, with processing completed in 1 to 3 business days. Online filing is the only method currently accepted by the New Mexico Secretary of State.
The $50 filing fee is paid by credit or debit card during the online submission process.
LLC Processing Time in New Mexico
As of December 2024, New Mexico requires all LLC formations to be filed online through the official state portal.
1. New Mexico LLC Processing Time Online (1-3 business days)
Online filing through the New Mexico Business Portal is now the only method available for forming an LLC. The Secretary of State processes online submissions within 1 to 3 business days. Once approved, you can immediately download your Articles of Organization and formation documents directly from your account.
2. In-Person Filing (No Longer Available)
While the Secretary of State office maintains a physical location at 325 Don Gaspar, Suite 300, Santa Fe, NM 87501, in-person visits are limited to requesting certificates and conducting other post-formation business.
New Mexico does not offer expedited processing services. However, the standard 1-3 business day processing time is already faster than many states' expedited options.
"New Mexico is known for its supportive environment for small businesses, offering various resources and programs."
- Jon Morgan, CEO & Editor-in-Chief of Venture Smarter
Between March 2023 and March 2024, 6,441 New Mexico establishments opened, with small businesses accounting for 5,925 of those openings.
Factors Influencing The Formation Timeline Of New Mexico LLCs
Here are four most common reasons that prolong the LLC formation process:
- Issues with documentation: Incomplete information about LLC members is the primary reason approval time takes longer. The state will reject the document and you’ll have to correct the data, that’s why I advise my clients to review the papers before submission.
- Registered agent errors: Providing a P.O. Box instead of a physical address for your registered agent will cause rejection. The state requires a physical New Mexico street address, and this mistake adds several days to resubmit corrected documents.
- Time of the year: If you filed during peak seasons, the processing time can be delayed. It’s best to submit your applications during off-seasons.
- Weekends and holidays: Public offices won’t process documents during weekends and holidays. That's why I file early in the working week to make the process quicker.
FAQs
Where Can I Check the Status of My New Mexico LLC Formation During the Processing Period?
You can check the status of your New Mexico LLC formation during the processing period by logging into your online account on the state's Business Portal.
Is There a Difference in Processing Time for Domestic and Foreign LLCs in New Mexico?
There is no difference in processing time for domestic and foreign LLCs in New Mexico because the Secretary of State does not make a distinction between the two entities.
Do I Need A Business License Or Licenses For Your New Mexico LLC?
You don't need a business license or licenses for your New Mexico LLC. There is no statewide license in New Mexico for foreign LLCs or domestic LLCs. However, you still need to comply with local or county licensing requirements.
What Should I Do After LLC Formation In New Mexico?
After your LLC formation in New Mexico, obtain an employer identification number from the internal revenue service, create an LLC operating agreement, open a business bank account, and maintain your registered agent. Register for state taxes to ensure your limited liability company can file federal income taxes properly.
References:
- https://portal.sos.state.nm.us/BFS/online/Account
