5 Best LLC Formation Services in New Mexico (May 2024)

Best LLC Formation Service in New Mexico

Best New Mexico LLC Services for 2024: Ready to launch a business? Starting a New Mexico LLC is your first big move.

With so many LLC formation services out there, each claiming to be the top choice, it’s easy to feel lost.

What if you had a clear, easy-to-follow guide pointing you straight to the best options?

That’s where LLCBuddy comes in. Our team has researched and vetted the top LLC services in New Mexico just for you. Dive into our list, compare features and prices, and find the perfect fit for your business. Start your New Mexico LLC journey with confidence. Check out the best New Mexico LLC services from below.

Check #1 Best LLC Service in New Mexico

On this page, you’ll learn about the following:

Best LLC Formation Services in New Mexico
How to Form an LLC in New Mexico
How to Choose the Best LLC Formation Service in New Mexico
Why New Mexico is One of the Best Places for Business
Conclusion

Best LLC Formation Services in New Mexico

Here is the list of best LLC services available in New Mexico. The best thing about these services is starting your LLC for free. Some of the following services are offering LLC formation in New Mexico at $0. Other than the state fees and charges, you do not have to pay any charges to the service provider. You will get the basic formation package for free. Now, let’s check out the list of best LLC formation service providers in New Mexico-

LLC Service	Our Rating & Pricing	Top Features	Learn More
#1 TOP PICK	4.5/5 $0 + State Fees	100% accuracy guarantee Worry-free service Great customer support	Learn More
	4/5	Established reputation Extras are bit more expensive Good customer support	Learn More

Below is the list of the best LLC formation services in New Mexico we picked for you.

ZenBusiness – Known for its affordable packages and efficient service, ZenBusiness has become a favorite among new entrepreneurs.
LegalZoom – With years of industry experience, LegalZoom offers comprehensive services and a vast array of legal resources.
Northwest Registered Agent – Praised for its top-notch customer service, Northwest ensures personalized assistance and detailed compliance guidance.
BetterLegal – Speed is BetterLegal’s forte, promising the fastest LLC formation process in the market.
TailorBrands – Beyond LLC services, TailorBrands stands out with its branding solutions, making it a one-stop shop for budding businesses.

Our Editorial Team selects these companies through thorough research and market study. It is recommended that you cross-check all the factors before choosing the right one for your business.

1. ZenBusiness

ZenBusiness is a Texas-based company that provides services from formation to annual compliance to an LLC. It offers three plans, Starter, Pro, and Premium. The Starter plan starts from $0. That means you can form your LLC for free in New Mexico, though you must pay the state filing fee of $50 to the New Mexico Secretary of State. But, the company charges nothing to form your business in the state.

ZenBusiness Plans

Starter Plan at $0 + state filing fee
Pro Plan at $199/year + state filing fee
Premium Plan at $299/year + state filing fee

ZenBusiness Pros and Cons

Why You Must Get ZenBusiness	Why You Should Not Get ZenBusiness
100% accuracy rate	Does not form New Mexico nonprofit
Free LLC formation in New Mexico	Additional cost for EIN
User friendly
Standalone Registered Agent services

ZenBusiness Overview

ZenBusiness is one of those top-rated companies that provide business formation in New Mexico at a minimum cost (currently at $0). There is no charge to be paid to the company for forming your LLC in New Mexico. The state filing fee and other necessary fees must be paid, including the registered agent fee.

ZenBusiness offers three plans, among which the Pro plan is recommended. The Pro plan has everything you need to start an LLC in New Mexico. Obtaining EIN, operating agreement drafting, name search, and all other services are available with the rush filing feature.

Form LLC in New Mexico with ZenBusiness

2. LegalZoom

LegalZoom is one of the service providers in New Mexico that offers free LLC formation services. If you want to avoid spending money to form your LLC, then LegalZoom is for you. It offers various formation packages that include all types of LLC services. Aside from LLC formation, LegalZoom offers C and S corp formation. With over thousands of customers, the company offers basic LLC formation services at $0.

LegalZoom Plans

Basic Package- $0 + State Filing Fees (Tax deduction may be applicable)
Pro Package – $249 + State Filing Fees (Tax deductible may be applicable)
Premium Package – $279 + State Filing Fees (Tax deduction may be applicable)

Apart from these packages, LegalZoom offers a bunch of add-on services as well. Add-on services include the following-

Registered Agent – $299 per year. Available as an add-on and not included in any packages
Trademark registration: Assisting with the US trademark application process
Copyright registration: Guidance on registering copyrights for creative works
Patent services: Support in obtaining utility, design, and plant patents
Estate planning: Offering personalized wills, trusts, and power of attorney documents
Legal advice: Access to a network of lawyers for consultations and legal guidance
Expedited Filing: With an additional $99, you can speed up your filing process.

LegalZoom Pros and Cons

Why You Must Get LegalZoom	Why You Shouldn’t Get LegalZoom
Free LLC formation	Expensive add-ons, such as Registered Agent
Trustworthy and established reputation	Higher pricing compared to some competitors
Quick turnaround time	Less number of add-on options
Access to legal professionals	Some additional fees not included in plan prices
Customer support available through phone or chat	Mixed customer reviews

LegalZoom Overview

LegalZoom is one of the oldest companies in USA. This company is a service provider offering LLC formation at $0. It offers three broad packages, Basic, Pro, and Premium. The Basic package costs $0. Though you must pay the New Mexico filing fee while filing the Articles of Organization with the New Mexico Secretary of State. The filing fee depends on which method, mail, online, or any other method you choose.

LegalZoom offers vast add-ones like others. Hence, the chances of getting diverse services are comparatively high. The best part about the company is there is an access to legal documents and legal consultation. The registered agent service is a bit expensive. If you want to hire Registered Agent from LegalZoom, you must purchase that service separately, it does not come with any formation plans.

Form LLC in New Mexico with LegalZoom

3. Northwest Registered Agent

Northwest Registered Agent is a family-owned business based in Spoken, Washington state. The company offers LLC formation, registered agent service, annual compliances, and other business-related services in all 50 states, including New Mexico. It offers LLC formation at $ 39+ state fees and registered agent service at $125 yearly.

Northwest Plans

Northwest does not have conventional packages. It offers Core, Business maintenance, and business development services. Under these categories, various services are available at a flat rate. Some of the services offered by Northwest in New Mexico are listed below-

LLC formation in New Mexico at $39 + state filing fee
Registered Agent at $125 yearly
Annual report filing at $100 + state filing fee
Obtaining EIN at $50
Northwest offers National Agent Service. If you operate your LLC Registered Agent in 5 or more states, you can pay $100 + state fees (if applicable) to get a single agent for all states.

Northwest Registered Agent Pros and Cons

Why You Must Get Northwest	Why You Should Not Get Northwest
DIY Packages for your LLC in New Mexico	Not BBB accredited
No plans, flat rate for all services	Additional charges to obtain EIN in New Mexico
Purchase only the service you need to form New Mexico LLC.	The operating agreement draft is not included in the Core services
Northwest offers standalone Registered Agent service in New Mexico

Northwest Registered Agent Overview

Northwest is one of those service providers that offer DIY packages. Northwest is not for you if you want a wholesome formation package in New Mexico. It does not have conventional LLC formation packages. It is simply like a departmental store for you. You don’t need to buy everything, but the only thing you need.

Northwest has in-house corporate guides to guide you through the formation process. It offers LLC formation at $39 plus the state filing fee ($50). If you have already formed your LLC in New Mexico and are willing to appoint Registered Agent only, then Northwest can provide a standalone registered agent service at $125 per year.

Northwest offers single flat rates for all services in New Mexico and other states. The best part about the company is it does not outsource any of its services. Northwest offers corporate guides to help you through the steps of LLC formation.

Form LLC in New Mexico with Northwest Registered Agent

4. BetterLegal

BetterLegal is a comparatively new company than other competitors. But this company has successfully grabbed a large portion of the market in the United States. Serving in 51 states, BetterLegal has been in business since 2016. Unlike other experienced companies, it does not have a list of packages and plans for LLC formation.

BetterLegal Plans

BetterLegal offers one single plan at a flat $299 + state filing fees. It has a list of add-on services as well. BetterLegal is an online service that started off with a very small team. However, even after being in the business for so long, they didn’t increase their team size much. They have transparent pricing, and no hidden charge exists for any services they provide.

BetterLegal offers a list of add-on services. Following are the additional services they offer-

Registered Agent service – $10/month or $90/year
State Annual compliance services – $10/month or $90/year
Permit & License Search Service – $125
Amendment & document research – Free with the core formation service package

BetterLegal Pros and Cons

Why You Must Get BetterLegal	Why You Shouldn’t Get BetterLegal
No refund; all sales are final	The basic package does not include registered agent service
Quick Turnaround time	Additional charge for EIN
A+ BBB Accredited	The basic package does not include a registered agent service
Single plan for all incorporation

BetterLegal Overview

Even though the company is called BetterLegal, no attorneys or legal services are available. The company offers a single plan for all types of business formation. Hence, if you are planning to form a corporation, you can pay $299 + incorporation fee (Minimum $100 to maximum $1000 for filing online or by mail. It depends on the amount of shares in New Mexico). It offers comparatively better turnaround time at a reasonable price than other companies. You can file your LLC within 10 minutes with BetterLegal.

It offers a resource center for new entrepreneurs. They provide guidance to make things easier when it comes to filing your business. Their small team sometimes fails to cater to their customers on time. Reaching out to their customer support team is very difficult. Another disadvantage is it does not have a refund policy. All sales with BetterLegal are final, and at any stage, upon cancelation, no refund is made. However, basic LLC formation and registered agent services are much cheaper in BetterLegal than in other close competitors.

Form LLC in New Mexico with BetterLegal

5. TailorBrands

Do you want to create a brand for your business in New Mexico? Here is the LLC formation service provider, TailorBrands, for you. The company was established in 2015 in New York, and since then, it has offered several incredible services to set up your business. TailorBrands has a single LLC formation plan that starts at $49 a year. You can choose different other add-on services at an additional cost.

TailorBrands Services

TailorBrands offer a single plan for forming an LLC at $49. There are some basic services that TailorBrands offer, including starting an LLC, filing it, New Mexico name availability search, priority support, and so on. You can use their add-on services as and when required. Add-ons are-

Registered Agent Service – $199/year
Employment ID Number (EIN) – $99 (one-time pay)
Annual Compliances – $299/year
Operating Agreement – $29
Expedited Filing – $49
Business bank account – Free

TailorBrands Pros and Cons

Why You Must Get TailorBrands	Why You Shouldn’t Get TailorBrands
Low-cost LLC formation	Not BBB Accredited
Free business bank accounts	No business domain packages
Hassle-free LLC formation	Additional charges to obtain EIN
Additional services like logo, website, domain

TailorBrands Overview

TailorBrands does not have vast LLC formation packages. Instead, it has a single package that includes the formation of LLCs. The name availability search is unlimited, and you don’t have to pay any additional fees. The state filing fee of $50 must be paid apart from the charges you pay for add-ons.

TailorBrands offers other business services such as logo making, domain, website, business bank account, merchandise, and other business services. As a small or start-up business, you must go for TailorBrands.

Form LLC in New Mexico with TailorBrands

How to Form an LLC in New Mexico

New Mexico, popularly known as The Land of Enchantment, is a business-friendly state with a population of 2,135,024. The Nominal Gross Domestic Product (in millions) of New Mexico is $123,819 according to a 2022 study, which has been said to be increased over the past year. Hence, starting your business in New Mexico will always be a good option. If you choose the state capital, Santa Fe, to start your LLC, you might get more tax and other benefits.

To form an LLC in New Mexico, you need to follow some basic steps, including getting an LLC name, appointing your New Mexico Registered Agent, filing the New Mexico Articles of Organization, creating New Mexico LLC operating agreement, and finally getting an EIN for filing required taxes.

You can do that on your own. However, it is always recommended to get a professional person on board to guide you through. These steps are crucial and sensitive. You must complete everything to avoid canceling your formation process. Hence, having a professional LLC formation service for your LLC is better.

How to Choose the Best LLC Formation Service in New Mexico

It is important to choose the best service for your business carefully. Before you select the best one, make sure you thoroughly research on following points-

Reputation: Look for a company with a good reputation. Check reviews and ratings from previous clients to see how they feel about the services offered.
Experience: Choose a company with years of LLC formation experience. This ensures that they have knowledge of the process and can provide quality services.
Cost: Compare prices between different companies. Choose a company that offers affordable pricing for the services you need.
Customer Service: Ensure that the company has good customer service. They should be responsive, helpful, and willing to answer any questions.
Services Offered: Look for a company that offers a range of services, including entity formation, registered agent services, and ongoing compliance support to ensure your LLC remains in good standing.
Ease of Use: Choose a company with a user-friendly website and easy-to-use online platform. This makes the process of forming an LLC simple and straightforward.
Guarantees: Check if the company offers a satisfaction guarantee or a refund policy. This gives you peace of mind that you are getting the best possible service.

Why New Mexico is One of the Best Places for Business

One of the key reasons why New Mexico is such an attractive place for business is its strategic location. Situated in the heart of the Southwest, New Mexico enjoys easy access to major markets in the United States and beyond. The state’s well-connected transportation network, including highways, railroads, and airports, makes it simple to import and export goods and services, as well as to travel across the region for business meetings or conferences.

Furthermore, New Mexico’s diverse economy provides ample opportunities for businesses across various industries. From tourism and hospitality to energy and technology, there are endless possibilities for growth and success in the state. Whether you’re considering launching a start-up company or expanding an existing business, New Mexico offers a supportive and entrepreneurial-friendly environment that fosters innovation and growth.

In addition to its favorable location and diverse economy, New Mexico boasts a skilled and educated workforce. The state is home to top-tier universities, research institutions, and training programs that produce a highly qualified labor pool ready to meet the demands of businesses of all sizes. Whether you’re looking for engineers, scientists, marketers, or managers, New Mexico has a talented workforce equipped with the skills and expertise necessary to drive your business forward.

Moreover, New Mexico’s pro-business environment and low cost of doing business make it an attractive choice for entrepreneurs and investors alike. The state offers a range of incentives, grants, and tax breaks to support businesses and encourage economic growth. Additionally, New Mexico boasts a low cost of living, affordable real estate prices, and a favorable regulatory climate, making it easy for businesses to establish themselves and thrive without breaking the bank.

Furthermore, New Mexico’s rich culture and unique quality of life add to the appeal of doing business in the state. With its stunning landscapes, vibrant arts scene, and diverse communities, New Mexico offers a high quality of life that attracts top talent and fosters a strong sense of community among businesses and residents alike. Whether you’re interested in outdoor recreation, cultural activities, or simply enjoying the beautiful scenery, New Mexico has something for everyone.

Overall, New Mexico is a hidden gem for businesses looking to establish a strong presence in a supportive and growing economy. With its strategic location, diverse economy, skilled workforce, pro-business environment, and high quality of life, New Mexico offers a unique and appealing opportunity for entrepreneurs and investors seeking a dynamic and welcoming place to start or expand their business. If you’re considering setting up shop in the Land of Enchantment, rest assured that you’re making a smart and strategic decision that will pay dividends for years to come.

Conclusion

Starting a business in New Mexico is a big step. It’s really helpful to have experts on your side. When you use a professional LLC service, you’re making sure everything is done right without any headaches. We’ve given you a list of the top choices in this article. Take your time to look at each one. Check their prices, see what they offer, and think about what’s best for your business.

Remember, picking the right New Mexico LLC service can make things smoother and better for your business as it grows. If you want the best for your business, check out ZenBusiness. With their compelling offer of $0 + state fee for LLC formation, combined with an impressive array of 5-star Trustpilot reviews, they’re our number one recommendation. Seize this exceptional opportunity for your business!