Why Form a Limited Liability Company (LLC)?

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Best Cities in New Mexico to Form Your LLC

Albuquerque City new jersey - LLC Formation in Albuquerque City new jersey SantaFe new jersey - LLC Formation in SantaFe new jersey

Because New Mexico is a sparsely populated state, you will probably want to start up your new business in one of the major cities. You have several good choices.

Starting an LLC in Albuquerque, NM

Albuquerque is the largest city in New Mexico and is located close to the center of the state, straddling the Rio Grande river. It is also bordered by the Sandia Mountains and is at the center of the New Mexico High Tech corridor.

  • Area of city: 189 square miles
  • Population: 559,000
  • Population density: 2,900 people/square mile
  • Cost of living: 5 percent below national average; housing is 5 percent cheaper
  • Time zone: MST
  • Sales tax: 7.5 percent

Major Industries in Albuquerque, NM

Technology is a major industry in Albuquerque, together with a number of government and private research facilities. The renewable energy sector is well-represented in the city, as is engineering. Albuquerque is also a center for job creation.

Starting an LLC in Santa Fe, NM

Santa Fe is the capital city of New Mexico and is located in the north-central part of the state.

  • Area of city: 37 square miles
  • Population: 84,000
  • Population density: 1,800 people/square mile
  • Time zone: MST
  • Sales tax: 8.4375 percent

Major Industries in Santa Fe, NM

Tourism, science and technology are all important sectors in the city’s economy.

Starting an LLC in Las Cruces, NM

Las Cruces is in the southern part of the state and is the economic and cultural center of the Mesilla Valley.

  • Area of city: 77 square miles
  • Population: 101,000
  • Cost of living: 3 percent below national average; housing is 12 percent cheaper
  • Time zone: MST
  • Sales tax: 8.3125 percent

Major Industries in Las Cruces, NM

The federal government is a major employer in the region, although education, healthcare and retail are all important sectors.

Starting an LLC in Roswell, NM

Roswell is perhaps best known for its association with UFOs, and UFO-related tourism is a major part of the city’s success.

  • Area of city: 30 square miles
  • Population: 48,000
  • Population density: 1,600 people/square mile
  • Time zone: MST
  • Sales tax: 7.8333 percent

Major Industries in Roswell, NM

Food production, education and tourism are the most important economic sectors in the city.

Ready to Start Your New Mexico LLC?

Incfile provides a cost-effective service to help you create your New Mexico LLC. We guide you through the process and handle most of the administrative steps, such as filing the Articles of Organization on your behalf. Our basic package also provides a free Registered Agent service for the first year. If you're looking for help starting an LLC, our comprehensive services provide outstanding value.

Only $0 + State Fee To Launch Your Business

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What are the fees and requirements to form a business in New Mexico?

Filing Time and Price

The state charges this amount to file a new business entity. This fee goes directly to the Secretary of State.

State Fee State Filing Time Expedited Filing Time
$50 10 Business Days 2 Business Days

Compliance Requirements

This report is mandatory and must be filed within the specified time frame in order for the entity to remain in good standing with the state. Failure to file this report can lead to the company being revoked or administratively dissolved.

Annual Report

Frequency: New Mexico LLCs are currently not required to file annual reports.

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