New Mexico Sub-Operating Agreement
Description
How to fill out Sub-Operating Agreement?
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FAQ
New Mexico's LLC is highly sought after because there are no annual reports. No annual report also means no annual fee. The Secretary's only requirement is that you maintain a registered agent in New Mexico. So long as you have an agent your company will remain in good standing.
In New Mexico, there is no annual fee. Another cost that goes along with the formation of an LLC is the registered agent. You can choose a member of the LLC or a manager as the registered agent, but you can also choose to hire a third party.
New Mexico does not require LLCs to file an annual report. New Mexico imposes a franchise tax on LLCs if they paid federal income tax. The franchise tax is filed along with the state income tax, and is due by the 15th day of the third month following the close of the tax year. The fee is $50.
As per the New Mexico LLC Act, an Operating Agreement isn't required for an LLC in New Mexico. But while it's not required in New Mexico to conduct business, we strongly recommend having an Operating Agreement for your LLC.
New Mexico LLCs don't have to file an Annual Report or pay an annual fee. The New Mexico Secretary of State doesn't require it. Although most states have annual reports and fees, New Mexico is one of the few states that doesn't require LLCs to file (or pay) an Annual Report.
New Mexico LLC Formation Filing Fee: $50 The fee to file your New Mexico LLC's Articles of Organization is $50. You must file with the New Mexico Secretary of State through the online Business Services Division portal.
Any person or business entity in New Mexico can be a registered agent. The only necessary requirements are that they have a physical address in New Mexico and that they understand that their personal information will be made public once the business is formed.
Forming an LLC in New Mexico costs less than $300 from start to finish. Even better, the state does not require LLCs to file an annual report and pay yearly fees. New Mexico also has privacy policies that keep the personal information of business owners from the public through anonymous LLCs.