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Written by: Carolyn Young
Carolyn Young is a business writer who focuses on entrepreneurial concepts and the business formation. She has over 25 years of experience in business roles, and has authored several entrepreneurship textbooks.
Edited by: David Lepeska
David has been writing and learning about business, finance and globalization for a quarter-century, starting with a small New York consulting firm in the 1990s.
Published on August 15, 2022
Updated on April 9, 2024
If you’re starting an LLC in New Mexico, the business entity formation process is one of the first and most important hurdles. This step can be terribly complex and time-consuming, which is why many entrepreneurs turn to professional formation services.
But which are the best LLC formation services in New Mexico? This article takes a closer look, stepping into an entrepreneur’s shoes to help you choose the service that puts you on the road to success.
Here we summarize our top picks for business formation services in New Mexico.
Best Overall
Best Registered Agent Service
Best Turnaround Time
Best for Small Budget
Best Variety of Legal Services
Best for Variety of Business-Essential Services
Best for Speedy Processing
ZenBusiness offers various plans for those looking to start a New Mexico LLC.
The Starter plan, priced at $0 plus New Mexico state fees, covers the business name availability search in New Mexico and formation with full support.
The Pro plan, costing $199 plus New Mexico state fees, includes the Starter plan services, an operating agreement template, an EIN, an annual compliance service, and rush filing.
Their Premium plan, available at $349 plus New Mexico state fees, encompasses all Pro services, a business document template library, domain name, website, and email.
ZenBusiness emerges as the top choice for establishing an LLC in New Mexico due to its affordable base service. This includes New Mexico LLC filing and a 100% accuracy guarantee starting at just $0 plus state fees.
Moreover, ZenBusiness operates as a Public Benefit Corporation, signifying its commitment to community goals, akin to a nonprofit.
While specializing in New Mexico LLC formation, ZenBusiness also offers a range of add-on services, from registered agents to essential business tools, though these can increase the overall cost. Over the years, ZenBusiness has consistently received favorable reviews from its clients in New Mexico and beyond.
ZenBusiness offers valuable services for budding entrepreneurs. While registered agent services are an add-on, their excellent customer support, user-friendly site, and positive reviews make them a top choice.
Northwest’s plan for a New Mexico LLC is priced at $39 plus New Mexico state fees. This package covers New Mexico business formation, complimentary registered agent services for a year, a business address suitable for the New Mexico jurisdiction, an operating agreement tailored to New Mexico, and a few additional perks.
The value of this plan is evident, especially considering it includes crucial elements like registered agent services and a New Mexico-specific operating agreement. However, even if you opt out of the registered agent services, the plan’s price remains unchanged.
Primarily known for their role as registered agent service providers, they provide superior services for New Mexico LLCs. Northwest Registered Agent is recognized for personalized customer assistance and prompt communication notifications in the Land of Enchantment.
We recommend Northwest Registered Agent because of their transparent pricing, outstanding customer service, and a commitment to maintaining your privacy. They pride themselves on personalizing their approach to meeting your registered agent needs, which are their specialty.
For just New Mexico state fees, Swyft Filings’ Basic package provides company name verification, preparation, and submission of New Mexico-specific articles of organization and lifetime online access to documents.
The Standard package, priced at $199 plus New Mexico state fees, includes everything from the Basic package plus a tailored New Mexico LLC operating agreement and a federal tax ID. It also offers banking resolution services and organizational minutes for initial New Mexico LLC meetings.
The Premium package, at $299 excluding New Mexico state fees, encompasses all Standard offerings, expedited New Mexico filing, a business document library, compliance alerts, a business domain, a website, and a digital LLC kit with a company “seal,” ownership ledger, and custom certificates.
Swyft Filings is renowned for its exceptional customer support, particularly for New Mexico LLCs, and boasts positive customer reviews.
Swyft Filings offers fast processing but doesn’t include registered agent services in their packages, making additions somewhat costly. However, they provide good value overall and strong customer support.
For just New Mexico state fees, the Silver package includes the preparation and filing of the articles of organization, unlimited name searches, business tax consultation, business banking account offer, lifetime compliance alerts, and free registered agent services for a year. Lifetime company alerts mean that Bizee will remind you of any reporting due dates based on your state’s requirements. You’ll also get access to a personalized online dashboard and unlimited phone and email support.
The Gold package, priced at $199, contains all the services included in the Silver package, plus an operating agreement template, banking resolution, an EIN tax number, and the filing of IRS Form 2553, which allows LLCs to reap the tax benefits of an S Corporation. It costs $199.
The Platinum package, at $299, includes everything in the Gold package with the advantage of free expedited filing, as well as a domain name and business email. You’ll also receive access to business contract templates, which can be extremely helpful for new business owners. There are over 25 different contracts, all created and reviewed by attorneys.
Bizee provides substantial value, especially with their Silver package that costs only state fees and includes a year of registered agent service. For first-time entrepreneurs looking to save, Bizee stands out in the competition.
LegalZoom’s Basic plan, exclusive of New Mexico state fees, encompasses a business name availability search in New Mexico and the business formation service in the state, accompanied by comprehensive customer support. Additionally, it offers a digital welcome kit and a business website. New Mexico LLCs can also access their formation documents online anytime.
At $249, the Pro plan expands on the Basic offerings by introducing an operating agreement suitable for New Mexico LLCs, an EIN, a New Mexico business license guide, and preliminary phone discussions with experts.
For $299, the Premium plan grants everything in the Pro plan, enriched by unlimited 30-minute attorney consultations and amendments to your New Mexico LLC for 30 days, all with the guidance of a dedicated business attorney.
LegalZoom stands out due to its vast array of supplementary legal services and documents tailored for New Mexico entrepreneurs.
LegalZoom’s services are easy to use and they offer great customer experience. They offer a wider variety of legal services and have been in business for more than 20 years. Overall, they’re a great one-stop shop for all of your business formation and legal needs.
Tailor Brands’ Lite plan is priced at $49 plus New Mexico state fees. It ensures your business formation within New Mexico and follows the standard processing times associated with the state.
The Essential plan, tailored for New Mexico LLCs, offers additional benefits like their annual compliance service, an operating agreement relevant for New Mexico businesses, and quicker processing times, all for an annual cost of $199.
For $249 annually, their Elite plan caters to New Mexico entrepreneurs by providing a domain name, eight distinct logos, a business website builder, and several other valuable add-ons.
Tailor Brands stands out in the New Mexico market by presenting a range of contemporary business tools, such as a logo maker and website builder, making it a prime choice for budding businesses in the state.
Tailor Brands’ plans are a decent value, but the main reason that we chose them for the list is the extensive business tools they offer. If you can overcome their aggressive sales tactics, you can access a variety of services to meet all your business needs.
Filenow presents a Starter plan for New Mexico LLCs at just $49, encompassing company compliance alerts specific to New Mexico regulations, a tax consultation tailored for the state, and an opportunity to open a business bank account within the Land of Enchantment.
Their Premium plan, designed for the discerning New Mexico entrepreneur, is priced at $199. It extends the perks of the Starter package by adding a free year of registered agent services suitable for New Mexico LLCs, an operating agreement compliant with New Mexico’s guidelines, an EIN, a banking resolution, business contract templates aligned with New Mexico’s legal landscape, and a swift 24-hour processing time.
In the bustling business environment of New Mexico, Filenow stands out with its expedited processing times and a money-back guarantee. Additionally, their Premium plan offers remarkable value for businesses operating in the state.
Filenow’s Premium plan is an exceptional value based on what you get for the price. It’s less expensive than similar plans offered by competitors. They also offer fast turnaround times, and a money back guarantee.
A business formation service handles the business formation process for you, making it nearly seamless while offering additional services that can make life easier for a new business owner. Whether you’re forming a limited liability company (LLC) or a corporation, a business formation service takes care of all the red tape, freeing you up to focus on growing your business.
With so many business formation services to choose from, it can be difficult to decide which is best for you. There are four essential elements that can help you make your decision.
Each service offers various products and services, and their plans are all designed differently. You may need some services but not others, so you need to choose the service that offers everything you need. For example, only some of the providers offer annual report filing.
If it’s important to you to get that task off your plate, you’ll want a service that offers that feature. Another feature you might need is a digital dashboard where you can always access your business formation documents.
You’ll want to choose a service that has everything you need to make starting and running your business as easy as possible.
Of course, you’ll want to get the best value for your money!
Compare the cost of each service for everything you need. The price can really add up when you start adding extras, so be careful not to go too far. You also want to get good value and great customer service, so if you’re considering the cheapest service, check the reviews to see how people feel about it.
Business formation turnaround times vary with each service, so if you’re in a hurry to get your business up and running, you’ll want to look for the quickest service. You don’t want your order to sit in an office too long before your paperwork gets filed with the state. Some services differentiate themselves with fast turnaround times, so if they also offer good value, that might be your best choice.
One good way to learn about the quality of anything you’re buying is to listen to what people are saying about it. When we review services we look at Better Business Bureau ratings and reviews, as well as TrustPilot reviews. It’s wise to look at both positive and negative reviews to find out what people love about the service and the issues customers have encountered.
Remember that fake reviews are common, so you should take some of the reviews with a grain of salt.
As an entrepreneurial advisory site, we take our responsibilities seriously. We understand that countless entrepreneurs, and potential entrepreneurs, rely on our judgments and insights, particularly when it comes to creating their business.
As a result, our writers do their utmost to gain a comprehensive understanding of the services offered and the actual customer experience. In nearly every case, we:
Thanks to this full immersion in the actual customer experience, our reviewers are able to provide the most complete and insightful analysis of various LLC formation services.
Published on June 30, 2022
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