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How much does it cost for an LLC in New Mexico?

At $50, New Mexico has one of the most affordable LLC filing fees in the country. But youll pay additional fees if you hire a company to help you form your LLC or act as your registered agent. These fees can vary greatly depending on the company and the services you choose.

Can I file for an S-Corp myself?

If you meet IRS requirements, you can elect S-corp status by filing Form 2553, Election by a Small Business Corporation. If you file paperwork and complete the process within two months and 15 days after the beginning of the current tax year, you may be able to claim S-corp status for the current tax year.

What is a New Mexico certificate?

A New Mexico Certificate of Good Standing is proof that your corporation is in existence and is legally authorized to conduct its operations. It complies with state law.

How do I set up an S Corp in New Mexico?

How to Create a New Mexico S Corp Choose a Name. Choose a Registered Agent. Choose Directors or Managers (for LLC) File Formation Documents with the New Mexico Secretary of State. File Form 2553 to apply for S Corp status.

What is a New Mexico certificate of status?

These state-issued documents confirm that your business has met its statutory requirements and is authorized to do business in New Mexico. Sometimes these certificates are required by lenders, banks, or potential investors.

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