New Mexico offers several advantages for forming an LLC:
Limited Liability Protection: Forming an LLC in New Mexico allows you to separate your personal and business assets.
Enhanced Privacy Protection: New Mexico does not require the manager's name to be included in the articles of organization, keeping your personal details private.
Streamlined Taxation: LLCs in New Mexico benefit from pass-through taxation, providing tax advantages.
Minimal Reporting Requirements: No annual or quarterly reports are required, unlike most states.
Affordability: At $50, New Mexico has one of the lowest LLC filing fees in the country.
Flexibility in Management: New Mexico LLCs offer flexible management and simplified recordkeeping.
No Residency Requirement: There is no residency requirement to form an LLC in New Mexico.