New Mexico Registered Agent
What is a New Mexico registered agent?
New Mexico registered agents accept important documents on behalf of a business to prevent legal and regulatory consequences like involuntary dissolution. Registered agents are required for all New Mexico businesses registered in the state according to State Statute 53-11-11. It’s important to find a trusted agent to handle your sensitive mail documents, so let’s discuss this role.
What Are a New Mexico Registered Agent’s Obligations?
A New Mexico registered agent is responsible for accepting mail on behalf of a business and forwarding it to and notifying the last known contact they have on file for the business. They are available at the address provided on public records during normal business hours on any given work week to accept state notices and lawsuit mail. It’s not uncommon for agents to offer additional services like business formation, Beneficial Ownership Information Report filing, and annual report compliance. Registered agents can also help to mitigate New Mexico’s few requirements for information about business owners, allowing for the registration of anonymous entities.
Who Can Be a New Mexico Registered Agent?
New Mexico requires registered agents to meet the following criteria as individuals or companies:
- Age
Every registered agent in New Mexico must be a legal adult aged 18 or older. - Address
It is required that all registered agents provide a physical street address in New Mexico where mail can be delivered. This excludes P.O. Boxes since the address must be physically accessible to anyone delivering service of process or notices in person. - Availability
Registered agents must be available at the address provided on state records Monday through Friday from 9 AM to 5 PM. - Good standing
If the registered agent is a company, they must maintain good standing in New Mexico. - Consent
New Mexico requires every registered agent to accept their appointment as an individual, corporation, or LLC. This is recorded in a Statement of Acceptance of Appointment by Designated Initial Registered Agent along with any initial formation filings. - Qualification
In addition to the above requirements, LLCs may not serve as their own registered agent. However, business owners may serve as an individual registered agent for the company along with employees or other members.
What are the risks of being my own New Mexico registered agent?
It’s possible to miss out on valuable state information or legal documents when you act as your own registered agent. This can bring serious consequences for your business like skipped compliance filings and can even result in default legal judgment against your business or yourself as an individual. Privacy is also a key issue since any information about registered agents on record can be publicly viewed on the New Mexico Secretary of State’s website. Publicly listing your address may pierce the corporate veil which shields you from personal liability.
What can happen if I don’t have a registered agent in NM?
Your business could be dissolved, plain and simple. The state counts on every entity to appoint an agent to act as an official primary contact for accepting notices, legal matters, tax letters, and other important documents. This is especially important in New Mexico, where you can create an anonymous entity. Otherwise, there would be no way to guarantee that documents reach the business owners.
How Do I Change My Registered Agent in New Mexico?
You can change your registered agent in New Mexico by filing a Statement of Change of Registered Agent with the New Mexico Secretary of State. This can be completed online using the Corporations and Business Services Portal which requires an account to log in. You’ll find this form available under “Registered Agent Change” in the Corporations drop-down menu. Once you’ve provided the name of the business you’re making this change for, you’ll be asked to name your registered agent successor and provide their Business ID#. This filing also requires you to include a copy of the signed acceptance of appointment form and the new agent’s address.
What’s the cost of changing my registered agent in New Mexico?
The cost for corporations is $27, and LLCs cost $22 to file. You can make this payment via eCheck for individual filings. Alternatively, you can also pre-pay your account balance using a Visa, Discover, or MasterCard.
How do I find a registered agent in New Mexico?
You can find a registered agent in New Mexico by conducting a name search using the state’s Corporation Business Search. Each entity you search will list registered agent information like the name and address where you can direct correspondence for the company.
Can a Registered Agent Keep My New Mexico LLC Private?
One of the major benefits of forming in New Mexico is the state’s built-in privacy measures. The ability to form an anonymous LLC in the state is appealing to business owners who don’t want to disclose their information. When forming a New Mexico LLC, only the names of the organizer (the person submitting the filing) and the registered agent must be listed. Since business owners can delegate these roles to others, using a registered agent can prevent disclosing personal details. This is especially true if you hire someone to form your business and submit documents as the organizer.
Reasons to Hire Registered Agents Inc
You don’t have to navigate owning a New Mexico business alone. Here are a few reasons why you should hire Registered Agents Inc:
Fast and efficient uploads.
We accept thousands of documents day in, and day out. Our efficient internal process allows us to instantly upload these documents to their corresponding accounts and notify business owners and their counsel immediately.
Professionalism and privacy.
There are no shortage of registered agent options in New Mexico, but only Registered Agents Inc provides the highest level of professionalism when handling your sensitive documents. We will never sell your information or leak your documents.
Other services and options.
You can hire us to build your online brand with domains and web hosting, and we also handle state filings in New Mexico and beyond. We have offices in all 50 states plus DC and Puerto Rico making us an ideal choice for companies on a growth path.
Real humans who care.
You won’t be directed to AI chatbots or automated phone directories. Our team of real human representatives is dedicated to building relationships with clients and affiliates for the best possible experience.
Registered Agents Inc also offers wholesale registered agent services. Look at our options to find the best solution for your clients.
Frequently Asked Questions
How much does it cost to hire a registered agent in NM?
The cost of hiring a New Mexico registered agent is between $50 to $300 and can include basic or advanced business services for the price. Registered Agents Inc offers premium Registered Agent service, which includes biennial report compliance, for only $200 a year.
How can I become a registered agent in New Mexico?
There isn’t a formal process to become a registered agent in New Mexico so any company can list your information on their formation documents as long as you sign the consent form.
How do I get a business license in New Mexico?
New Mexico requires businesses to acquire a New Mexico Business Tax Identification Number through the New Mexico Taxation and Revenue Department.
Is there an annual report in New Mexico?
All corporations file a biennial report in New Mexico every other year starting the year following incorporation. LLCs don’t have to file annual or biennial reports.
