Forming an LLC in New Mexico
New Mexico LLCs are formed by filing a Certificate of Organization with New Mexico Public Regulation Commission. The filing process normally takes as long as 6-8 weeks, though the state does offer expedited filing of two business days at additional cost.
Name Identifiers and Abbreviations
The name of the New Mexico limited liability company must end with one of the following words or abbreviations:
- Limited Liability Company
- Limited Company
- Limited Liability Co.
- Ltd. Liability Company
- Ltd. Liability Co.
- Ltd. Company
- Ltd. Co.
A formal Operating Agreement will help to protect your company’s limited liability status and prevent your company from being run by the default rules created by the state. Although New Mexico does not mandate all LLCs to have an Operating Agreement, it is strongly recommended that you have one.
Depending on the nature of your business, some additional filings may be necessary to complete the proper set-up of your LLC:
- EIN (Tax ID)
- Sales tax registration
- Payroll registration & business licensing