7 Best LLC Services in New Mexico for Your Business (2024)

New Mexico presents a compelling case for small business owners considering setting up a limited liability company. It boasts of two distinct advantages: affordable state filing fees and no requirement for annual filings or fees, significantly easing the administrative load.

Coupled with an array of excellent LLC services on offer, it’s hard to ignore the appeal New Mexico holds.

While we acknowledge that New Mexico LLCs are taxed as pass-through entities, with profits directly affecting the tax liabilities of its members, the benefits outshine this minor hiccup. With the right LLC service, navigating these tax complexities can be straightforward.

Over the past few months, we’ve scrutinized the contenders for the best LLC services in New Mexico and narrowed down the list to seven standout services that have consistently proven their worth. So, without further ado, let’s see how our evaluation went.

Related Article: Best LLC Services in 2023

7 Best LLC Formation Services in New Mexico in 2024

1 – ZenBusiness

ZenBusiness has made a name for itself as one of the best LLC services in New Mexico, providing top-notch formation services since its beginning.

With a focus on small business owners, ZenBusiness offers LLC formation, registered agent service, compliance services, and a worry-free compliance guarantee.

The company has received positive reviews, with an average rating of 4.6 out of 5 stars on Trustpilot and an A rating on BBB.

Our Experience:

In our experience, ZenBusiness stood out for its intuitive platform and quick customer service. We found the ordering process straightforward and didn’t experience unnecessary upsells.

The platform also provided us with an online document dashboard, making it easy to access our legal documents.

Service Features:

  • Starter ($0 + $50 State Fee): This package includes the essentials for forming an LLC in New Mexico, such as filing the Articles of Organization and a free tax consultation.
  • Pro ($199 + $50 State Fee): Everything in the Starter package, plus an operating agreement, worry-free compliance, and faster filing speed.
  • Premium ($299 + $50 State Fee): Includes all Pro features and adds a business website, domain privacy, and business email.
  • Registered Agent Service ($199): Provides an address for your New Mexico company, acting as an intermediary between you and the state. It receives important documents on your behalf and makes sure they get to you.
  • Affordable pricing, with free New Mexico LLC service
  • Reliable New Mexico registered agent service
  • Comprehensive LLC formation package options
  • User-friendly platform
  • Free tax consultation
  • Additional cost for expedited filing
  • Does not include a business bank account setup

2 – Northwest Registered Agent

Northwest Registered Agent is another top contender among New Mexico formation services.

Founded with a commitment to providing superior customer support and privacy protection, this company offers LLC formation services in New Mexico, registered agent services, annual report filing, and EIN filing.

Reviews on BBB show that customers are generally satisfied with Northwest, giving it an average rating of 4.56 out of 5. Users often highlight the company’s prompt service and knowledgeable staff.

Our Experience:

Our experience with Northwest Registered Agent was nothing short of impressive. We found their platform easy to navigate, making the process of setting up an LLC stress-free.

A standout feature was their speed of service – our order was processed swiftly without any undue delays. We were also pleased to note that they did not aggressively push for add-ons or upselling, which made the entire experience user-friendly and straightforward.

Service Features:

  • Basic Package ($39 + $50 State Fee): Covers the basics of New Mexico LLC service, providing a registered agent and drafting the paperwork.
  • Full Formation ($225 + $50 State Fee): Adds an EIN and an operating agreement plus expedited filing to the Basic package.
  • Registered Agent Service ($125): This service ensures that your limited liability company in New Mexico never misses any important legal mail.
  • Transparent pricing with no aggressive add-ons
  • Excellent customer service
  • Strong privacy protection
  • Free registered agent service for the first year
  • Higher starting price than ZenBusiness and IncFile
  • No business website or email included in any package

3 – IncFile

IncFile, a Houston-based company established in 2004, has become a top-tier player in the realm of LLC formation services, offering S Corp, C Corp, and nonprofit creation, as well.

It is often seen as the best LLC service for new businesses in New Mexico and has received favorable reviews across various platforms.

Trustpilot rates them at 4.7 stars, affirming their excellent customer support and efficient process. BBB also holds them in good standing, with a 4.78 score, further solidifying their credibility.

Our Experience:

Our personal experience with IncFile was quite pleasant. We didn’t feel pressured into purchasing add-ons, which was a refreshing change from other providers.

In fact, we completed the ordering process for an LLC in New Mexico in under 10 minutes, which we counted as a big bonus for fresh business owners who can this way focus more on their main activity.

Service Features:

  • Silver ($0 + $50 State Fee): This includes preparation of the paperwork, name availability check, and free registered agent services for a year.
  • Gold ($199 + $50 State Fee): All the features of Starter, plus an operating agreement for your LLC in New Mexico, banking resolution, EIN registration, company alerts, and a business tax consultation.
  • Platinum ($299 + $50 State Fee): This package offers everything in the Pro, along with business contract templates, a domain name, and a business email.
  • Registered Agent Service ($119): Required by law for limited liability companies that don’t have a physical address in New Mexico. Handles business correspondence, ensuring compliance.
  • Registered Agent Service ($119): Expert legal document handling, auto mail forwarding, and customized notifications. Free registered agent services during the first year.
  • Affordable packages with no hidden fees
  • One year of free registered agent service for your LLC in New Mexico
  • Great customer support
  • Positive reviews on multiple platforms
  • State-specific compliance requirements are not included
  • The turnaround time can vary based on state processing times

4 – LegalZoom

LegalZoom, founded in 2001 by Brian P. Y. Liu, Brian S. Lee, Edward R. Hartman, and Robert Shapiro, offers business formation, intellectual property, estate planning, and tax filing/advising.

They have also added business formation services since their inception, further diversifying their offerings.

Despite providing online LLC services, LegalZoom has managed to maintain high ratings on various review platforms. For instance, they have an A+ rating with the Better Business Bureau and a 4.63/5 star rating from over 6000 customer reviews.

Our Experience:

During our interactions with LegalZoom, we found their customer service to be responsive and helpful.

They have an easy-to-navigate platform, which allows us to place our orders without any significant delays. However, we did notice a push for add-ons during the order process, which may not be to everyone’s liking.

Service Features:

  • Basic ($0 + $50 State Fee): A basic package that covers name checks and filing of Articles of Organization, plus a free website.
  • Pro ($249 + $50 State Fee): Includes all Basic features plus a corporate kit and seal, operating agreement, EIN, and a phone consultation about the specifics of your business.
  • Premium ($299+ $50 State Fee): Covers all Pro features with faster processing times and personalized attorney guidance.
  • Registered Agent Service ($249/year): Helps manage government correspondence, service of process, and compliance deadlines.
  • High customer satisfaction ratings
  • Legal advice available besides the regular New Mexico LLC formation service
  • Experienced and knowledgeable customer service
  • No free registered agent services
  • Upselling of add-ons

5 – Rocket Lawyer

Rocket Lawyer, founded in 2008 by Charley Moore and based in San Francisco, is another popular online legal service provider with a mission to make the law simple and affordable for all.

The company handles legal document creation, attorney services, and incorporation services. Rocket Lawyer is well-received on review platforms, with a 4.6/5 rating on Trustpilot and an A+ rating from BBB.

Our Experience:

The ordering process with Rocket Lawyer was straightforward, but like LegalZoom, there was an emphasis on add-ons, and the membership cancellation process didn’t strike us as the simplest one.

On the good side, though, their New Mexico LLC formation service has one of the best customer service teams, which quickly cleared our questions about the annual fees and options included in their packages.

Service Features:

  • Non-member ($99.99 + $50 State Fee): Basic LLC formation and Operating Agreement.
  • Premium Member ($39.99/month + $50 State Fee): Offers legal document creation, attorney services, and discounted LLC formation.
  • Registered Agent Service ($149.99/year): Ensures compliance with legal requirements and handles official mail.
  • Affordable monthly membership
  • Easy-to-use platform
  • Good customer support
  • Membership cancellation can be a hassle
  • Additional services can add up quickly

6 – MyCompanyWorks

MyCompanyWorks, formerly known as MyNewCompany.com, was established in 2001 with the objective of simplifying the process of starting a business.

The company is based in Las Vegas and offers LLC formation, incorporation, and business-related packages, in general.

It has a 5/5 score on BBB and a 3-star rating on Trustpilot, but the reviews are still quite scarce, so they may not reflect yet the quality of their New Mexico LLC services.

Our Experience:

When we interacted with their platform, we found it fairly straightforward to place our order. While they did seem eager to upsell additional services, which can be a bit off-putting, they compensated through a nice interface and high-quality document templates.

Their customer service in New Mexico was also responsive and helpful, making our overall experience with them generally positive.

Service Features:

  • Basic ($59 + $50 State Fee): This package includes the basics of LLC formation, such as preparing the Articles of Organization.
  • Entrepreneur ($179 + $50 State Fee): In addition to the Basic features, this includes obtaining an Employer Identification Number (EIN) and a custom Operating Agreement.
  • Complete ($259 + $50 State Fee): All Entrepreneur features plus a MyCompanyWorks premium and priority support.
  • Registered Agent Service ($99/year): Provides a professional registered agent to receive and handle official documents on your behalf.
  • Probably the best LLC service in New Mexico in terms of speed
  • High-quality business documents
  • Reasonable service fees for the Basic package
  • Upselling of services
  • No free LLC service

7 – Swyft Filings

Swyft Filings is another prominent player in the realm of New Mexico LLC services, offering LLC formation, corporation formation, registered agents, annual report filing, and compliance services.

On platforms like Trustpilot, Swyft Filings has received a commendable rating of 4.8 stars after more than 6,000 reviews. Meanwhile, despite not being accredited by the Better Business Bureau (BBB), they’ve earned an impressive 4.42 stars after 347 customer reviews.

Our Experience:

Our journey with Swyft Filings was smooth and efficient. We had a good interaction with their customer support, which was responsive, professional, and knowledgeable.

While their Premium service seemed a bit expensive to us, we appreciated that their basic business formation service in New Mexico was free.

Service Features:

  • Basic ($0 + $50 State Fee): This includes the preparation of the New Mexico LLC paperwork but doesn’t offer any additional features.
  • Standard ($199 + $50 State Fee): This includes a custom Operating Agreement and Organizational Minutes in addition to the Basic features.
  • Premium ($299 + $50 State Fee): All Standard features plus a business website, domain name, and web hosting.
  • Registered Agent Service ($199/year): Offers a professional registered agent to handle official notifications and maintain compliance with state requirements.
  • Advanced software with good tracking options
  • High-quality online legal services
  • Quick business formation process
  • Poorly trained customer support staff
  • Most registered agent services are externalized
  • Slow in handling order issues

Factors We Considered When Reviewing the Best New Mexico LLC Formation Services

When assessing the best New Mexico LLC companies on the market, we followed a strict list of criteria to make sure we remained objective. Here are the factors we considered:

7. Time Savings

Setting up an LLC can be time-consuming, especially if you’re unfamiliar with the process. An LLC formation service can save you time by handling the LLC formation paperwork and filing for you.

8. Legal Expertise

An LLC formation service can provide legal expertise and guidance throughout the process. They can answer any questions you may have and ensure that your New Mexico LLC is set up correctly.

Why Trust Us?

Our mission is to provide unbiased and informative reviews to assist individuals in making informed decisions when it comes to LLC filing services.

Formation Speed

To start your New Mexico LLC, it’s vital to consider the formation speed, especially if you are eager to begin or you depend on the paperwork being ready as soon as possible to obtain funding.

Typically, you will be charged extra for expedited filing, but the costs are manageable. Among our top picks, ZenBusiness and Northwest Registered Agent offer some of the fastest formation speeds in New Mexico.

Cost

Opening an LLC in New Mexico implies paying the state fees, and, of course, you are already dealing with the general costs of starting a business. The good news, though, is that there are LLC services in New Mexico ready to file your paperwork for free.

Among them, ZenBusiness and IncFile provide cost-effective solutions for New Mexico LLC formation, offering excellent value for money.

Customer Service

survey by HubSpot found that 59% of value personalization over speed when it comes to customer support, and indeed exceptional customer service can simplify the complex LLC formation process.

LegalZoom and Rocket Lawyer stand out with great customer support in the New Mexico LLC services market.

Privacy and Security

The importance of privacy and security in the formation of your New Mexico LLC cannot be overstated. A study by the Ponemon Institute reveals that 83% of the active companies in the US are vulnerable to cyber-attacks, with an increasingly longer time to recover.

That’s why it is important to share your business documents and data only with trustworthy New Mexico LLC providers like Northwest Registered Agent and ZenBusiness.

Ease of Use

The easier the LLC formation process, the quicker you can start your business operations. In our evaluation, we favored New Mexico business formation services that had customer-oriented professional platforms.

Rocket Lawyer and LegalZoom, with their user-friendly websites, were among our top choices for a seamless LLC formation experience.

Additional Services Offered

Besides the basic LLC formation package, additional services can boost your business growth. Both IncFile and ZenBusiness offer a range of additional options, such as registered agent services and LLC operating agreement creations, proving advantageous for New Mexico LLCs.

Are There Any Other Factors to Have In Mind When Choosing The Top LLC Service Providers?

We followed with a second set of criteria, further narrowing our selections until we found the best companies.

Experience and Reputation

When selecting a top LLC service provider, take into account the company’s experience and reputation. They’re critical in ensuring your business is incorporated correctly.

For example, companies like Northwest Registered Agent and IncFile are known for their expertise and positive customer reviews.

Customization

A provider’s ability to tailor their features to your needs is another essential factor. Different businesses have unique requirements, and the best LLC services should be able to accommodate these.

For instance, ZenBusiness and LegalZoom offer customizable LLC formation packages that cater to various business structures in New Mexico.

Refund Policy

Lastly, consider the provider’s refund policy. You want to ensure that if things don’t go as planned, you can get your money back. Companies like IncFile and ZenBusiness have clear refund policies, ensuring you’re not at a loss if you decide to cancel their services.

Benefits of Using an LLC Service Company

Whether you are looking to form a single-member LLC or a general partnership, using the right LLC service comes with 8 undeniable advantages:

Convenience

Forming an LLC in New Mexico through a reliable LLC service streamlines the process. It eliminates the need to navigate complex legal jargon and procedures on your own, leading to a smoother formation process.

Also, the best LLC services in New Mexico offer online document dashboards for easy access to your LLC documents anytime.

Access to Additional Services

Many LLC formation services provide more than just the basics. They can assist with obtaining business licenses, creating a business bank account, and even providing free mail forwarding.

For instance, a New Mexico LLC formation service might offer a comprehensive business formation package that includes these essential features.

Ongoing Compliance Support

According to a study by the Small Business Administration, compliance issues can cost new businesses up to $6,975 per employee annually.

LLC services in New Mexico can help mitigate this cost by ensuring your business complies with the regulations of the New Mexico Secretary of State through the timely filing of reports and other necessary paperwork.

Cost-Effective

In comparison to hiring a lawyer, using an LLC service can be a more affordable alternative for setting up your limited liability company.

These essential services often come with a flat fee, saving you from paying extra fees that can accrue when working with legal professionals on an hourly basis.

Privacy

An LLC formation service in New Mexico can provide a physical address for your business, keeping your personal address off public records.

Moreover, if you go with Northwest, for example, they have their own registered agent, so you don’t need to worry about your data being shared with third parties.

Personal Liability Protection

Forming an LLC in New Mexico separates your business debts from your personal assets. This means if your business faces financial trouble, you get personal asset protection.

However, if you want to make sure everything is handled by the book, a business formation service in New Mexico is an affordable solution compared to the alternative of a lawyer.

Time Savings

Utilizing an LLC service in New Mexico saves you the time and effort it would take to learn and navigate the state’s specific formation process.

This allows you to focus on other aspects of your New Mexico business, like developing your business model or strategizing for growth.

Legal Expertise

LLC services possess the legal knowledge necessary to navigate the formation process efficiently and accurately.

They understand the intricacies of state taxes, and double taxation, and can advise on whether a C Corporation taxed LLC, an S Corporation, or a sole proprietorship would be best for your business structure.

Why Trust Us?

As financial professionals, we comprehend the gravity of selecting an apt LLC formation service. Our recommendations come from first-hand experiences with companies that have proven their reliability during our collaborations.

To ensure we recommend only the best LLC service providers in New Mexico, we took the initiative to contact customer support teams and requested key documents like the operating agreement and articles of organization.

Our research involved a meticulous analysis of user reviews and feedback, giving us insight into past customers’ experiences with the company’s LLC formation process.

Moreover, we thoroughly examined each company’s website, focusing on their pricing, features, and other essential details.

Steps to Start an LLC in New Mexico

If you are looking to form an LLC in New Mexico, you need to take into account the following steps:

  1. Determine a unique name for your LLC that another company does not already take. Check for name availability through the New Mexico Secretary’s website.
  2. Choose a New Mexico registered agent to receive important legal and tax documents on behalf of your LLC.
  3. Next, file the Articles of Organization with the New Mexico Secretary. This process establishes your LLC officially and involves a state fee.
  4. Create an Operating Agreement. It is not required by the New Mexico Secretary but helps define your business structure and the roles of members.
  5. Obtain an Employer Identification Number (EIN) from the IRS, which is necessary for taxes and to open a business bank account.
  6. Check with the New Mexico Department of Commerce if you need additional business licenses or permits.

Our No.1 Pick

ZenBusiness

In the crowded market of LLC service providers, ZenBusiness stands out. Their commitment to providing value-packed, affordable services without sacrificing quality or customer support makes them our top recommendation for forming an LLC in New Mexico.

We’re particularly impressed by their worry-free compliance, which helps maintain your LLC’s good standing by managing state taxes. Plus, their New Mexico formation service costs $0, so you get support in opening your business with no financial effort.

Although it takes them 2-3 weeks to file your documents without expedited filing, they are reliable, and you can expect that your company will be operating on time.

Thomas Wilson

Thomas Wilson

An accomplished business guru, our CEO holds a degree from Philadelphia's esteemed Fox School of Business, accredited by AACSB. With a knack for practicality, they've orchestrated the launch of diverse small enterprises and guided fellow entrepreneurs in optimizing their ventures. Trust their seasoned insights for invaluable advice tailored to new businesses and LLCs.