Starting a New Mexico LLC
A New Mexico Limited Liability Company (LLC) is a legal structure used to protect your personal assets (home, car, bank account) in the event your business is sued.
A New Mexico LLC can be used to operate a business, or an LLC can be used to hold assets (such as real estate, vehicles, boats, or aircraft).
File your New Mexico Articles of Organization with the New Mexico Secretary of State and wait for your LLC to be approved.
All New Mexico LLC filings are done online. The filing fee is $50 (this is a one time fee paid to the Secretary of State). After filing, your New Mexico LLC will be approved in 1-3 business days.
Note: Filing times may take longer due to the current global situation and government delays. Please see how long does it take to get an LLC in New Mexico.
After your New Mexico LLC is approved, complete your Operating Agreement and get your New Mexico EIN Number (aka Federal Tax ID Number) from the IRS. And make sure to check whether your LLC needs any New Mexico Business Licenses.