New Mexico LLC Startup Costs

Unlocking the Land of Enchantment for aspiring entrepreneurs, this article delves into the world of New Mexico LLC startup costs. From exploring the financial landscape to discovering the essential expenses, embark on a journey to launch your business in the Land of Enchantment without breaking the bank.

 

 

LLC Formation Costs in New Mexico

New Mexico LLC Startup Costs

Cost Item	Estimated Cost
LLC Name Reservation	$20
Articles of Organization Filing Fee	$50
Publication of Notice	Varies (approximately $50-$150)
Registered Agent Fee	$50-$300 per year
Operating Agreement Drafting	$0-$500 (optional)
Business Licenses and Permits	Varies
Additional Services (EIN, Compliance Assistance, etc.)	Varies

Filing the Articles of Organization for an LLC

Filing the Articles of Organization for an LLC in New Mexico is a crucial step in the formation process. The Articles of Organization officially establish your LLC with the Secretary of State. To file, you will need to provide basic information about your LLC, such as its name and address. The filing fee is $50, and there may be additional fees depending on the type of LLC you are forming. It is recommended to use a formation service or hire a registered agent to ensure the process is done correctly. Once your Articles of Organization are filed, your LLC will be legally recognized and you can start conducting business. Remember to keep up with annual reports and any other necessary filings to maintain your LLC’s good standing.

 

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Registering a Foreign LLC in New Mexico

When registering a foreign LLC in New Mexico, there are a few important steps to follow. First, you’ll need to submit your Articles of Organization to the Secretary of State, along with the required filing fee. This can be done online for convenience. Next, you’ll need to appoint a registered agent in New Mexico who will receive legal documents on behalf of your LLC. It’s also important to note that foreign LLCs are required to file an annual report with the Secretary of State and pay the associated fee. This report helps keep your LLC in good standing in the state.

Sources and Fee Schedule for New Mexico LLC Formation

New Mexico LLC Startup Costs

Sources	Fee Schedule
Secretary of State	$50 filing fee
Publication of Notice	Varies by County
Registered Agent	Typically $100 – $300 annually
Business Licenses and Permits	Varies depending on the nature of the business
Professional Services (Legal, Accounting, etc.)	Varies based on the service provider