Advice Steps for Setting up a New Mexico LLC

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Step-by-Step Guide to Forming Your Own New Mexico LLC - Save Money and Take Control!

Are you considering starting your own business in New Mexico but concerned about the costs of hiring someone to handle the paperwork? You're not alone! Many small business owners and startups are taking the DIY route to save on expenses wherever possible. Forming an LLC in New Mexico is straightforward if you know the steps, and I'm here to share a detailed guide that will help you through the process. Plus, there's just a $50 application fee!

Preparations Before Starting Your LLC Formation:​

Before you begin the online application process, there are a couple of important things you should prepare:

  1. Choose a Registered Agent: Your LLC must have a registered agent in New Mexico. This is a person or business entity responsible for receiving legal papers on behalf of your company. Make sure your agent is available during normal business hours, from 9:00 AM to 5:00 PM.
  2. Registered Agent Acceptance Form: Have your registered agent sign an acceptance form, which you will need to upload during the application process. This document is a crucial part of ensuring that your agent is officially recognized and willing to undertake this responsibility.

Here's a step-by-step breakdown:

  1. Create a Portal Login: Start by visiting the New Mexico Secretary of State's website. You'll need to create a login to access the filing portal.
  2. Navigate to the Corporations Menu: Once logged in, click on the Corporations menu bar at the top of the page.
  3. Select 'Domestic (NM) LLC Formation': Choose this option from the dropdown menu to start the process for a local LLC.
  4. Enter Your Entity Name: Check if your desired LLC name is available and confirm by continuing.
  5. Set Effective Date and Duration: Decide if your LLC’s existence will be perpetual or for a specified duration. Enter the effective date of formation.
  6. Define Your Business Purpose: Provide a brief description of what your business will do.
  7. Appoint a Registered Agent: Fill in the details of who will act as your registered agent. This is the person or entity authorized to receive legal documents on behalf of your LLC.
  8. Add Manager and Member Information: Input details about your LLC’s managers and members.
  9. Organizer and Registered Agent Acceptance: Provide information about the organizer and upload a statement of acceptance from the registered agent.
  10. Review and Edit: Before finalizing, review all the information you’ve entered and make any necessary edits.
  11. Make Payment: Payment needs to be made via a bank account with a routing number, as credit card payments are not accepted.
  12. Print Receipt and Confirmation: Don’t forget to print out the receipt and the filing confirmation for your records.
Creating your LLC is a great step towards building your business. I encourage everyone to use this guide as a framework, and please share your experiences and any additional tips you might have. For those who've gone through this process, what were some challenges you faced? Any advice for newcomers?

Extras:
New Mexico's 7 Steps to Starting a Business
Registered Agent Acceptance Form
New Mexico Secretary of State Portal
 
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