Here are 5 simple steps to follow that can get your LLC up and running as quickly and efficiently as possible
1. CHOOSE A NAME FOR YOUR LLC
The name of your LLC must include the phrase “Limited Liability Company” or the abbreviation “L.L.C.” It can also include “LLC,” “L.C.,” “LC,” or “LLC.”
2. FILE YOUR CERTIFICATE OF FORMATION WITH THE NEW MEXICO SECRETARY OF STATE
To form an LLC in New Mexico, you must file a Certificate of Formation with the Secretary of State’s office. The Certificate of Formation must include the following information:
- The name and address of the LLC
- The name and address of the LLC’s registered agent
- The purpose of the LLC
- Whether the LLC will be managed by its members or by one or more managers
- The names and addresses of the persons who will serve as the initial directors or managers, if applicable
3. APPOINT A REGISTERED AGENT
Every LLC must have a registered agent in New Mexico who is responsible for receiving service of process on behalf of the LLC. The registered agent must be either an individual who resides in New Mexico or a business entity that is authorized to do business in New Mexico.
4. CREATE AN OPERATING AGREEMENT
An operating agreement is not required by law in New Mexico, but it is highly recommended that every LLC have one. The operating agreement sets forth the rules and regulations governing the operation of the LLC and can help prevent future disagreements among members.
5. FILE YOUR ANNUAL REPORT WITH THE NEW MEXICO SECRETARY OF STATE’S OFFICE
All LLCs formed in New Mexico are required to file an annual report with the Secretary of State’s office each year on or before April 15th. The report must include information such as the names and addresses of all members and managers, as well as the name and address of the registered agent. There is a $50 filing fee for annual reports.
6. OBTAIN ANY NECESSARY LICENSES AND PERMITS REQUIRED TO OPERATE YOUR BUSINESS IN NEW MEXICO
Depending on the nature of your business, you may need to obtain certain licenses and permits from state or local government agencies before you can start operating your business in New Mexico. For example, businesses that sell food products may need to obtain a license from the state’s Department of Health. You can check with your city or county clerk’s office to find out what licenses or permits are required for your specific type of business.
By following these steps, you can ensure that your new LLC has everything it needs to get off on the right foot.