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. As an expert in Mergers and Acquisitions and a Master's Degree holder in Tax Law, I helped entrepreneurs establish joint organizations.
Together with our business specialists in New Mexico, we will review the amount of time it takes to create an LLC in New Mexico using their offered filing methods.
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
- It takes 7 to 10 business days to form an LLC in New Mexico if you filed by mail and 1 to 3 working days if submitted online.
- The state of New Mexico does not offer expedited service.
- According to business registration trends in New Mexico, there has been a 30% increase in LLC formations by non-resident entrepreneurs in the last year.
- 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 in person filing, which takes an average of 1 business day.
Prepare a filing fee of \$50 along with your submission. You can visit and submit your formation documents to this address:
325 Don Gaspar, Suite 300
Santa Fe, NM 87501
Statistics from The New Mexico Secretary of State office reveal that approximately 50% of all new LLCs utilize professional legal or financial services during their formation process.
You can also file online using the state’s official website. The approval time is considerably quicker than mail filings [1].
LLC Processing Time in New Mexico
The processing time will depend on the method of filing. You can file your New Mexico LLC via mail, in person or online.
1. Non-Expedited New Mexico LLC Processing Time By Mail (2-3 weeks)
LLC owners filing by mail typically take around two to three weeks to be approved. In my experience, the actual filing takes around 7 to 10 business days, with additional time for your New Mexico LLC documents to be sent to you by mail.
2. New Mexico LLC Processing Time Online (1-3 business days)
If you file your LLC online, you can expect the LLC approval time to take about 1 to 3 business days. Once I had my New Mexico LLC approved, I was able to download all my documents, including the Articles of Organization.
3. New Mexico LLC Processing Time In Person (1 business day)
If you file your New Mexico Articles of Organization in person, you can expect the processing time to take about one day. One of the advantages I experienced is that you can typically pick up your approved documents, including your Articles of Organization, on the same day.
"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
According to business registration trends in New Mexico, there has been a 30% increase in LLC formations by non-resident entrepreneurs in the last year.
Factors Influencing The Formation Timeline Of New Mexico LLCs
Here are the most common reasons that prolong the LLC formation process:
- Issues with documentation: The primary reason why the approval time takes longer to process is due to inaccurate or incomplete information. 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.
- High volume of filings: Workload volume prolongs the approval time since each document is reviewed manually.
- 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.
References:
- https://portal.sos.state.nm.us/BFS/online/Account
