Own your dream company in the US state of New Mexico with the assurance of Sirket.io.
Apply NowThe filing fee to form an LLC in the state of New Mexico is $52.
You can search for the company name you want to form on the New Mexico state website .
The annual state reporting fee in the state of New Mexico is $0.
The sales tax (VAT) rate in the state of New Mexico is 6%.
There is no annual report submission in the state of New Mexico.
If you make sales of $100,000 to the state of New Mexico, you will be responsible for collecting and remitting Sales Tax (VAT).
You can find important details about the process of establishing a company in the USA in this section.
The company control panel is a comprehensive customer portal that allows company owners to perform various operations. Through this portal, you can access company documents, order new services, manage your subscriptions, and communicate directly with the support team. After completing your company formation application, you will be sent an email invitation to register for the company control panel. You can access the panel by using company information panel.
We offer special privileges to entrepreneurs who establish a company through Sirket.io. We support you to grow your business with discount coupons, special pricing and account credits valid for the services provided by our select business partners. You can access these special privileges from the "Documents" page in your company control panel.
A Legal Representative is a legal requirement for every LLC formed in the US. This critical service provides a designated representative to accept your company’s official correspondence, legal notices, and important documents from government agencies. At Company.io, we offer a Legal Representative service in all 51 states of the United States. For the first year, this service is included in the price of your incorporation package, but renews annually for $120 in subsequent years. Companies that do not purchase or renew their Legal Representative service risk being shut down by the state. Therefore, it is necessary to renew your Legal Representative service to ensure that your business continues to operate uninterruptedly and legally.
The standard corporate address is the official business address provided to you in the state where your company is established. This address ensures that all official documents and correspondence coming to your company are received. Incoming documents are received by our professional team, scanned and securely uploaded to your account in your corporate control panel. Important Note: Our standard corporate address service provides an address without a suite number and no separate lease agreement is issued under this service.
Once your company’s incorporation application is approved by the state, a number of important documents will be uploaded to your company dashboard. These documents include the Articles of Incorporation, Initial Management Orders, Share Certificate, and Company Management Agreement. These documents are critical documents that determine the legal status and internal governance structure of your company. All of these documents will be securely stored digitally and will be available on your company dashboard for easy access when needed.
Once your company is established, we will begin the process of applying for your corporate tax number, known as an EIN (Employer Identification Number). For this purpose, we will submit Form SS-4 to the IRS (U.S. Internal Revenue Service). It usually takes 3-4 weeks for your EIN to be processed by the IRS and forwarded to us. Once your EIN is delivered to us, it will be uploaded to your corporate dashboard.
All services included in the standard package are also included in the PRO+ package.
FinCEN BOI filing is a legal requirement for all companies operating in the U.S. We collect, organize, and report information about your company's shareholders and officers, including passport photos, to FinCEN. New companies must complete the FinCEN BOI filing within 30 days of incorporation.
We provide our customers who choose our PRO+ and VIP packages with a prestigious New York address with a suite number for their companies. This New York company address serves as the official business address for your business. All official documents and correspondence sent to your address are received by our professional team, scanned and securely uploaded to your account in your company control panel. Your New York address gives your company a professional image and simplifies your mail management processes.
We offer account opening support to our clients on platforms such as Mercury, Payoneer and Wise Business to open a business bank account for their company. We guide them to submit a strong application and get their application approved. Opening a business bank account is subject to the bank officer's company assessment.
We guide our clients to manage their company's accounting records effectively and provide comprehensive support for accounting software. We also offer a special 30% discount on QuickBooks accounting software.
We offer professional support and guidance to help you seamlessly complete the account opening and approval process for your company with credit card and online payment infrastructure providers such as PayPal and Stripe. Also, for our customers who establish a company with Sirket.io, there are no Stripe commissions on your first $25,000 in sales on Stripe!
All services included in the Standard and PRO+ packages are also included in the VIP package.
ITIN (Individual Taxpayer Identification Number) is an Individual Taxpayer Identification Number issued to individuals who are taxpayers in the United States but do not have a Social Security Number (SSN). It is issued by the IRS and allows individuals to file tax returns and make tax payments. ITIN is required to obtain credit cards from banks and to open a PayPal Business account.
Sales Tax Registration service includes registering your company with a state to meet sales tax collection and payment obligations in states in the U.S. The Sales Tax Registration service covers only one state.
Sales Tax declaration involves declaring and paying the tax you collect to the state where your company is responsible for collecting sales tax at certain periods. The Sales Tax Declaration service covers only one state.
The Resale Certificate is required by retailers and wholesalers and provides exemption from sales tax on purchase and sale transactions. The Resale Certificate is provided by the state where the Sales Tax Registration is made.
We file the state report on your behalf in a timely manner as required by the state in which your company is incorporated. This service does not include the state report fee to be paid to the state.
For entrepreneurs looking to establish a company in the United States, the state of New Mexico stands out with its advantages and opportunities. Establishing a company in New Mexico brings with it many advantages. The state’s fast formation process, low costs, and no annual reporting requirements create an attractive environment for entrepreneurs.
The cost of forming an LLC in New Mexico is just $50. This fee is paid to the state to file the Articles of Organization. Unlike other states, New Mexico does not require annual reporting and has no additional costs associated with it, making New Mexico a very affordable option for incorporating a company.
The first and most important step in the incorporation process is choosing a unique name for your business. New Mexico state law requires that the name you choose be distinct from other businesses operating in the state. When choosing a name, you should conduct extensive research using the NM Secretary of State Business Search system.
When establishing an LLC in New Mexico, it is mandatory to designate a Registered Agent. A legal agent is the person or organization responsible for accepting official documents and legal notices on behalf of your company. In New Mexico, you must have a legal agent with a physical address and be actively serving during business hours (09:00-17:00). Those who reside outside the US and want to establish a company in the US must obtain professional legal representation services.
Sirket.io provides free legal representative support for the first year to its customers who receive company establishment services in all states of the USA.
Entrepreneurs considering establishing a company in the US must have a business address in the US. In our company formation packages, we offer a free US Business Address and Mail Forwarding service, where we receive documents sent on behalf of our customers, scan them optionally, or ship them to the specified address. As Sirket.io, there is no fixed monthly or annual fee for our mail forwarding address service in New York State; our service operates on a “pay as you go” basis.
The official step in forming an LLC is to prepare and file the Articles of Organization with the New Mexico Secretary of State. Online applications will complete the incorporation process in 1-3 business days, while mailed applications may take 15-20 business days.
The Operating Agreement is an important document that governs the internal operations of your LLC. Although not legally required, it plays a critical role in the professional management of the company and the prevention of potential disputes. The main issues that should be detailed in the Operating Agreement are:
You do not need to send the Operating Agreement to the IRS or Secretary of State. It is usually requested at the time of opening a bank account.
Obtaining a Federal Tax Number (EIN) is necessary for your LLC’s tax procedures and bank account opening. You can apply for an EIN for free with your SSN (Social Security Number) on the IRS’s online platform. The application takes about 15 minutes and is approved immediately. However, a different procedure is applied for foreign entrepreneurs; the application is made by fax or mail. EIN applications made by fax are finalized in an average of 3 weeks . The IRS sends the application result by sending the SS-4 document to the fax number you specified or by mailing the CP-575 form to your business address in the United States.
Once you have set up your company, you can separate your personal and business finances by opening a commercial bank account, thus strengthening your legal protection. It is useful to have an Operating Agreement and Articles of Organization with you to speed up the bank account opening process.
You can open an online bank account through fintech companies like Mercury, Wise, Payoneer Business, and Airwallex. This process may require a passport photo and a selfie video for identity verification. You may also be asked to provide information about your company’s activities and present your company documents, Articles of Organization and EIN (CP-575), during the application.
To open an account at large local banks in the US, you will need to go to the bank branch in person.
The Corporate Transparency Act (CTA), which went into effect in 2024, requires all LLC owners in the United States to file a Beneficial Ownership Information (BOI) report with FinCEN (Financial Crimes Enforcement Network). This report must include detailed information about partners who own 25% or more of the company and those who have effective control over the management. LLCs formed after January 1, 2024 must file this return within 90 days, and those formed before that date must file it by January 1, 2025.
The BOI report that is filed must include the full name, date of birth, current address, and ID number of the company owners. Failure to file the report within the specified time period carries a risk of fines of up to $500 per day and imprisonment. Therefore, it is recommended that you file your BOI Report on time after you have completed your LLC formation in New Mexico and received your EIN.
New Mexico does not require LLCs to file annual reports, a significant advantage over other states and reduces annual operating costs.
The federal tax system offers a special structure for LLCs. In this system, your LLC is not taxed directly; instead, all income and expenses are shown on the business owners’ individual tax returns. Here is the tax process you should follow depending on your LLC structure:
For Single Partner LLCs: Foreign-owned single partner LLCs must file Form 1120 and Form 5472 with the IRS each year. In addition, owners must file taxes on the company’s annual net income by filing Form 1040NR and Schedule C. The federal tax filing deadline is April 15.
For Multiple Partner LLCs: LLCs with multiple owners are generally taxed as Partnerships. These LLCs must file Form 1065 and a Schedule K-1 must be prepared for each partner. These forms must be filed by March 15. Additionally, owners must file Form 1040NR and Schedule C for the net income tax of the annual income from the business. The deadline is April 15 of each year.
Different Tax Statuses:
There are additional requirements for LLCs that employ employees. Form 941 (Employment Tax Return) must be filed quarterly and Form 940 (FUTA Tax Return) annually.
There is no general state business license requirement in New Mexico. However, depending on your business type, you may need to obtain various licenses and permits from local governments. Be sure to pay attention to the Sales Tax rules in New Mexico.
For detailed information about sales tax, you can read the article Sales Tax in America .
You should manage all income and expenses of your LLC company that you established in the state of New Mexico through your corporate accounts. Don’t forget to record your transactions in an accounting program. It would not be right to use company money for your personal needs, but you can transfer the money you earn to your own account at any time. We recommend that you get professional support as your business grows. Although it is not mandatory to employ an accountant in America, it will be very useful to get expert support in order not to have problems with taxes. We are with you as Sirket.io in this regard and can provide you with a complete accounting & tax service.
We make the New Mexico company formation process easy for you. At Sirket.io, we offer professional LLC formation services starting at $100.