Every formal business in the state of New Mexico is required by law to have a registered agent. A registered agent receives any official documents from the State of New Mexico, as well as any service of process that may be served on a firm in a lawsuit.
What Is A Registered Agent In New Mexico?
A registered agent in New Mexico is a person or corporate organization that serves as your company’s point of contact for:
All correspondence with the State of New Mexico, such as the New Mexico certificate of good standing, is received. The company receives all service of process in any case.
In New Mexico, every formal company, such as an LLC or corporation, is required by law to have a registered agent.
In New Mexico, may I act as my own registered agent?
Yes, any owner or employee of a company may serve as its registered agent in New Mexico if they are above the age of 18 and have a New Mexico street address.
You might also designate a member of your LLC or a friend you trust, as long as they match these standards as well.
Why Do Companies Use a Registered Agent in New Mexico?
Many firms opt to employ a registered agent service when forming an LLC for the following reasons:
Compliance
A registered agent service keeps a compliance calendar and will notify you when yearly reports or other files are due, as well as assist you in submitting them.
This helps you avoid penalties and maintains your firm in good standing, both of which are necessary to preserve your limited liability protection.
If you do not reply immediately to serving of process, legal complexities, costs, or other concerns may develop. A registered agent will scan your papers, upload them to the internet, and tell you when they are ready.
Privacy
If you operate from home or a private office as your own registered agent, your address will be made public on the New Mexico Business Search.
If your privacy is important to you, a registered agent service will use their own address instead of yours.
Discretion
Receiving service of process for a lawsuit at your place of business may be a delicate circumstance to have in front of your staff and customers.
To circumvent this problem, a registered agent will accept service of process and other papers at their office and deliver them to you discreetly online.
Flexibility
If you are your own registered agent, you must be accessible every working day of the year during regular business hours.
Registered agent services have real offices and people to cover certain hours, allowing them to be accessible during those times.
Hiring a registered agent service enables you to be more flexible with your working hours and locations. So go ahead and take a vacation, work from home or the office, or travel the globe knowing they’ll be there to collect your documents.
Online Data Storage
A competent registered agent service will scan your papers as soon as they arrive, maintaining a digital record of all your company documents and any service of process on a user-friendly dashboard.
If you employed an LLC creation service, you would most likely also use them as a registered agent. This implies a copy of your formation paperwork will be accessible online as well.
National Reach
If you want to grow your company into other states, such as by employing an out-of-state employee or establishing a new sales office, you must have a registered agent for your foreign LLC or other corporation.
The majority of registered agent services are available in all 50 states and Washington, D.C. Simply pay a little fee for the new state in which you operate, and they will transmit all of your paperwork to the same web dashboard.
What Is the Cost of a Registered Agent?
A registered agent service normally costs between $50 and $300 each year. When you consider how much time it will save you, this is a little amount to pay.
In New Mexico, How Do I Choose A Registered Agent?
When you finish your LLC’s Articles of Organization in New Mexico, you must choose your registered agent. The Articles of Organization are the primary document used to create an LLC in New Mexico.
Online Registration of a Registered Agent
You may create your LLC online by registering with the New Mexico Secretary of State (a $50 registration fee is necessary). You’ll have online access to all of the tools you need to appoint a registered agent and incorporate your LLC.
In New Mexico, how can I change my registered agent?
Simply fill out a Change of Registered Office/Registered Agent form and submit it to the New Mexico Secretary of State to change your registered agent in New Mexico. You may pay the filing cost by credit card, which is $25 for companies, $20 for LLCs, and $10 for NGOs.
This is something that can be done online.
Appointment Consent
Your new registered agent must also agree to their appointment. They do this by completing a Statement of Acceptance of Appointment form, signing it, and submitting it online.