New Mexico LLC Requirements

Each state has different requirements for forming a limited liability company (LLC). Whether you are starting a business or incorporating a business already in existence, you'll want to understand the state requirements for LLC formation.

Cost to form a New Mexico LLC

At BizFilings, we clearly outline our fees and the New Mexico state fees. When you view our pricing to form an LLC you plainly see:

• BizFilings’ package prices. BizFilings offers three incorporation service packages from which you can choose.
• State fee for standard turn-around. Our pricing clearly shows the state fee to incorporate in New Mexico with standard turn-around.
• Expedited turn-around. You will see the BizFilings and state fee, if any, for expedited turn-around.
• Certified copy. Our pricing also clearly displays the BizFilings and state fee, if any, for issuing a Certified Copy of the Articles of Organization.

LLC Name

The name of a LLC must end with "Limited Liability Company," "Limited Company," "Ltd. Co.," "LC," "LLC" or "L.L.C." The name must not be the same as or confusingly similar to the name of any domestic or foreign LLC or a name reserved by or registered by another LLC unless written permission of other LLC is obtained. The name must not imply a purpose other than that contained in the Articles of Organization. The words "Bank," "Insurance," "Little League," "Olympic" and "Trust" cannot be used.

Member/Manager information

The following are New Mexico’s requirements for the members/managers of LLCs:

• Minimum number. LLCs must have one or more members/managers.
• Residence requirements. New Mexico does not have a provision specifying where members/managers must reside.
• Age requirements. New Mexico does not have age requirements.
• Inclusion in the Articles of Organization. Member/Manager names and addresses are not required to be listed in the Articles of Organization.

Requirements for the Articles of Organization

The document required to form an LLC in New Mexico is called the Articles of Organization. The information required in the formation document varies by state. New Mexico's requirements include:

• Registered agent. LLCs must list the name and address of a registered agent with a physical address (no post office boxes) in New Mexico. The registered agent must be available during normal business hours to accept important legal and tax documents for the business.

Professional services businesses

New Mexico does not allow professionals, such as accountants, attorneys and physicians to form a forming a limited liability company (LLC) ; however, professionals may incorporate as an LLC.