If you want to launch a business in New Mexico, you might be interested in learning how much it will cost to establish and run your enterprise. Whether an LLC in New Mexico must pay an annual fee is one of the queries you might have.
You must submit Articles of Organization to the New Mexico Secretary of State in order to establish an LLC there. $50 is the filing fee for this. Online or mail-in filing is an option. Online filings are often processed more quickly than mail-in filings.
You might wish to think about paying a filing fee in addition to a registered agent. The person or business that receives legal and tax paperwork on behalf of your LLC is known as the registered agent. They must be able to receive these documents during regular business hours and have a physical address in New Mexico.
Many businesses, including ZenBusiness, provide registered agent services as well as other services related to business creation. Positive feedback has been given to ZenBusiness for their reasonable costs and great customer support.
New Mexico does not charge an annual fee for an LLC, but it does require that LLCs file an Annual Report with the Secretary of State. There is no cost associated with filing this report, but failing to do so may result in fines and the dissolution of your LLC. The anniversary of the day your LLC was created is when the Annual Report is due.
In conclusion, there are expenses associated with establishing and maintaining an LLC in New Mexico, including the filing fee and perhaps the cost of a registered agent. However, the state does not charge an annual fee for LLCs. Remembering to submit your Annual Report by the due date can help you avoid penalties and possible LLC dissolution.
There is not enough information in the page titled “Annual Fees for LLC in New Mexico” to answer the question, “So, is New Mexico good for business?”?” as it only discusses the annual fees for LLCs in the state and does not provide a comprehensive analysis of the overall business climate in New Mexico. Further research and analysis would be necessary to answer this question.
Yes, LLCs are protected from charging orders in New Mexico. This means that in order to recover a debt from an LLC member, the creditor can only get a charging order against the person’s stake in the LLC. The creditor is not permitted to seize control of the LLC or compel the member’s investment to be sold. The assets of the LLC and its members are better protected thanks to this measure.