Form an LLC in New Mexico
A Limited Liability Company (LLC) combines the tax flexibility of a partnership with the limited liability of a corporation. Our customers form LLCs more often than corporations, typically to protect their personal assets and avoid the "double taxation" of a corporation on shareholder dividends. Each member (owner) of an LLC reports their share of profit and loss in the company on their individual tax return.
5 Reasons to Form a New Mexico LLC:
- Protection from personal liability for business debts
- Perpetual existence, so the LLC continues even if an owner dies or leaves the business
- Pass-through taxation allows owners to report profit and loss on their individual tax returns
- Owners need not be U.S. citizens or permanent residents
- LLCs need not hold annual meetings or record meeting minutes (though we recommend it)
Get the Facts About New Mexico Filing Requirements:
- We can submit your LLC formation directly to the state without your signature.
- The state typically completes filings within 3-5 weeks.
Ready to protect your personal assets?
