Preliminary information about the State of New Mexico
New Mexico can be a smart idea. Tourism, military, and oil and gas industry are the major industries in the state. These industries provide workforce solutions and drive large amounts of government spending in the state.
Additionally, New Mexico provides economic incentives to businesses operating outside the state. These incentives often include tax exemptions and credits based on job creation. Governments within the state are allowed to provide land and buildings to bring in new industries, especially in the technology and film industry.
We have prepared a guide on New Mexico , in New Mexico
In addition to the installation fee, do not forget to add the Northwest Agency fee of $ 39 to the cost.
The registered agent company, from which you will receive support during the installation phase, will provide the mentioned formation documents for the installation. Thus, you do not need to take any extra action. To form your company, you can get online service from Northwest Registered Agent by paying the 39+ State filing fee.
Costs
| Service | Price | In installation | Annual (1 per year) |
| Fee to be Paid to the State During LLC Company Formment | 50$ | ✔ | – |
| Annual Payment | 0$ | – | – |
- In addition to the installation fee, do not forget to add the Northwest Agency fee of $ 39 to the cost.
- You can renew your Northwest agency fee next year for $125 (address included)
- New Mexico LLCs have no annual reports, no annual fees, and no fees
What is Registered Agent?
Agencies that provide services for entrepreneurs who do not reside in the United States to form an llc, receive official documents from the state, and ensure that the company remains healthy are called Registered Agents.
When you decide to form an LLC in Usa, Northwest is one of the best options. Northwest provides a free mailing address for your company.
There are also different agencies, you can access the full list and detailed review page of other Registered Agent companies that establish LLCs from this link .
How to Form an LLC in New Mexico?
You can form an LLC remotely online in the state of New Mexico Additionally, non-US citizens are not required to have an ID or passport.
You will need a registered agent for the installation, who will prepare and file the necessary documents online for you with the state.
If you do business with the Northwest agency, you do not need to pay extra for the company address because this agency has offices in all US states and allows you to use its offices as your business address. Other details are below.
- The state website may be closed to most countries for security reasons, you can use a US-based VPN or Opera Browser to access it. Choosing a Name for an LLC Company for name selection rules .
- The state website may be closed to most countries for security reasons, you can use a US-based VPN or Opera Browser to access it. Choosing a Name for an LLC Company for name selection rules .
- You can get a domain name for your company: Check if the website domain name you will create for the business name you choose has been registered before. With Namecheap you can quickly register an llc domain name so that no one else can get and use your domain name in the future.
Find a domain name starting from $0.88
powered by Namecheap
- Apply Online: Determine a Registered Agent to establish your company and keep it active. Northwest is among the most affordable and highest quality options. here and order them to establish your company online. Northwest will fulfill all transactions for you according to the order form in your application and will be your Registered Agent in this state
- Operating Agreement: The operating agreement, called the Operating Agreement, determines the management style and rules of the company. It is not required to be created in many states, in New Mexico . Northwest will prepare an operating agreement for you free of charge after company establishment and deliver it to you electronically. Although the state does not require it, it is recommended to create it, but you do not need to mail or electronically send this contract to the state, just keep the contract you have prepared and signed.
The approval and setup time of the LLC company of New Mexico .
What happens after your LLC company is approved in the state of New Mexico
- After the company is formed, your LLC formation document is delivered to you digitally by your agency.
- Once you receive the incorporation documents (digitally), obtain a Federal Identification Number (EIN) from the IRS. Without EIN, you cannot open a bank account or register for payment systems such as virtual POS (stripe) or paypal. You can also apply for an EIN yourself by filling out form SS4 and faxing it to the IRS. the Free EIN Application guide . The other option for EIN is to get a paid service. You can get EIN application service from us for $ 29. We can process it on the same day and carry out the entire process for you. the order form after company setup .
State Requirements and Taxes
Federal Taxes: All LLCs require a federal tax identification number, EIN. An EIN is basically the business version of a social security number and is used for important LLC functions. If you obtain your LLC company income from American citizens, you may be required to pay federal income tax to the state after a certain turnover.
State Requirements: In New Mexico, LLCs do not have to file an annual report with the state, nor do they pay an annual state reporting fee or annual fee.
Sales Tax Rate in New Mexico
LLCs that are physically located within the state are required to collect sales tax. Foreign-owned LLCs have no such obligation, but must collect sales tax if annual thresholds and limits are exceeded.
Sales Tax in New Mexico : New Mexico a 5% state sales tax and allows local governments to collect up to 7.125% local option sales tax. There are a total of 137 local tax jurisdictions across the state, which collect an average local tax of 2.26%.
Combined with the state sales tax, the highest sales tax rate in New Mexico Taos Ski Valley .
Obtaining Business Licenses and Permits
Many business licenses are issued at the county or city level. You will need to coordinate with the location where you conduct business to see what licenses and permits are required for your business. Apart from this, there is no general permit or license that foreign LLCs or LLC owners doing online business must obtain.
Annual Report Date:
You must obtain your business license before you begin operating at any new location. Each location of your business must have its own business license.
For licenses and permits, https://www.rld.nm.gov/about-us/public-information-hub/online-services/ .
Annual Reporting
Unlike most states, New Mexico does not require LLCs to file an annual report.
LLCs with default tax classification in New Mexico are considered “pass-through, disregarded” entities, meaning profits pass from the LLC itself to its owners (members). Members then report their profits as earnings on their personal tax returns.
Annual Report Date:
<a i=0>For more information on general taxation issues regarding LLC companies,</a> you can take a look at the article <a i=1>Taxation in Usa</a> <a i=2>.</a>
For more information on general taxation issues regarding LLC companies, Taxation in America .
13 Comments . New Comment
Hello, the nortwest registry agent in new mexico changed the address, do I need to take any action for this or has nortwest taken the necessary steps?
Hello, they change the state records themselves. What is the current address after the change? Can you write please?
It says 1209 MOUNTAIN ROAD PL NE, STE N, ALBUQUERQUE NM. What address should be reported for BOIR? Thanks
You can use this address for boir because this is the current address.
Mr. Nazmi, lastly, as far as I understand, I also looked at other questions and answers, we will notify the irs by writing the new address when sending the form until the end of March next year, it is not mandatory to change it from the state portal. Is it true? Thanks a lot
The BOI report expires at the end of 2024 for companies formed in 2023 or before. If it is an llc formed in 2024, it must be reported within 90 days after formment. There is no need to make any changes to the state portal. Northwest already makes the changes and sends the documents. It doesn't matter if there are old records left in the background, since they are notified, the notification letters will reach you anyway.
When will the income tax declaration be made, can we declare our earnings ourselves and how many forms do we need to fill out?
New Year's Eve is held until the end of March. 1040 nr: https://startupsole.com/amerikadaki-sirketler-icin-1040-nr-vergi-beyani/
If you know, you can fill it in, but it is a very complex and wrong job, we recommend you to get support from a professional consultant.
Is it necessary to make another notification other than 5472, 1120 and 1040 nr? I formed it in New Mexico.
Not every form is filled, you make a declaration according to your situation.
We recommend that you learn the types and requirements first.
Please read.
5472:
https://startupsole.com/amerika-disindaki-lccler-icin-form-5472-gercegi/
nr 1040: https://startupsole.com/amerikadaki-sirketler-icin-1040-nr-vergi-beyani/
I have an llc in New Mexico. I want to deal with e-commerce. Do I need an accountant for taxation?
You do not need to hire an accountant in the first place. Keep all your company income and expenses during the year in Excel or a pre-accounting software. If necessary, you can get tax declaration services from an accountant at the end of the year, so you do not have to pay a monthly accountant.
You can look at the short questions and answers on these topics on the page below.
https://startupsole.com/yardim-kategorileri/vergişma/
Thank you Mr. Nazmi.