Nicknamed the land of enchantment, New Mexico offers a low cost of living and excellent opportunities for business growth. You’ll need a registered agent when you establish an LLC, corporation, or any other business entity in New Mexico.
Like other states, New Mexico requires all businesses registered with the Secretary of State to appoint a registered agent to receive official business correspondence. Read on to understand the vital role of a New Mexico registered agent and what to look for in a professional registered agent.
What Is a New Mexico Registered Agent?
A New Mexico registered agent is the official point of contact for any business operating in New Mexico. The registered agent must have a physical business address in New Mexico and be available during regular business hours. Sometimes called a resident agent, the registered agent will receive official mail correspondence from the government and the public on behalf of a business and forward it to the owner
All businesses registered with the Secretary of State must have a registered agent in New Mexico. That includes a partnership, non-profit, corporation, or limited liability company (LLC) formed in New Mexico or doing business in the state. You can hire a registered agent service or appoint someone as a registered agent. An individual or company with a physical address in New Mexico can serve as a registered agent.
What Is a Registered Office in New Mexico?
A registered office is the official business address of a New Mexico registered agent. According to New Mexico law, someone must be available at the registered office during regular business hours to receive service of process and other official correspondence. The registered office cannot be a post office box or virtual mailbox.
What Are the Legal Duties of a New Mexico Registered Agent?
A New Mexico registered agent’s legal duties are receiving and forwarding official correspondence. The registered agent acts as a mailbox or delivery service for business entities such as a New Mexico LLC or corporation and is responsible for forwarding all correspondence to the LLC members or business owners.
Possible communications a New Mexico registered agent receives and forwards include:
- Business documents, such as notice of the annual report
- Government correspondence
- Litigation documents related to a lawsuit against the entity
- Other correspondence, such as notices from an insurance company
Summary of New Mexico registered agents’ duties:
- Maintaining the registered office
- Ensuring someone is available at the office during business hours
- Receiving correspondence from the government and the public
- Receiving process servers and legal summons
- Forwarding all important documents to the business promptly
Why Is a Registered Agent Required in New Mexico?
New Mexico law requires all businesses formed or operating in the state to have a registered agent to ensure that the state and the public can contact the business efficiently. Given below are the requirements for registered agents as per business entities.
For New Mexico LLCs, requirements are detailed in Article 53-19-5 of New Mexico law. For nonprofit corporations, New Mexico Articles 53-8-8 covers the requirements. Articles 12, 13, and 17 of New Mexico law outline the need to maintain a registered office and registered agent for other New Mexico corporations.
Does New Mexico Require Registered Agent Consents?
Yes, New Mexico requires a registered agent’s consent for the role. Article 53-19-5 of New Mexico law specifies that confirmation of the registered agent’s consent is required to change the registered agent.
When Do You Need a New Mexico Registered Agent?
You need a registered agent for all businesses formed in New Mexico and for all foreign business entities doing business in New Mexico. This includes all LLCs, partnerships, nonprofit corporations, and other corporations.
Who Can Be a Registered Agent in New Mexico?
An individual or business entity may act as a registered agent in New Mexico as long as the individual or entity has a physical address in the state that is open during normal business hours. New Mexico registered agent can be:
- A resident of New Mexico
- A domestic corporation, LLC, or partnership with a business address in New Mexico
- A foreign corporation, LLC, or partnership authorized to transact business in New Mexico and that has a physical business address.
How to Choose a Registered Agent Service in New Mexico?
Choosing a professional registered agent service for your New Mexico business can be a low-cost way to ensure compliance. Here are some points that you should consider when choosing a registered agent:
The cost of a professional New Mexico registered agent service ranges from $35 to $150. Consider the price of the service and the additional services offered to balance cost with reliable service.
Basic registered agent services include receiving and forwarding official mail and communications. Some registered agents offer additional services like online account access, mail scanning and forwarding, or online LLC formation to launch your business faster.
Carefully check the reputation of any registered agent service. Sites like BBB or Trustpilot can offer honest reviews. Many LLC owners choose to use a registered agent to protect their privacy. Look at the company’s reputation for protecting business owners’ privacy and their reliability in forwarding important documents quickly, and choose the best service for your business.
What Happens if You Don’t Have a New Mexico Registered Agent?
If you don’t have a registered agent in New Mexico, the Secretary of State will reject your LLC or corporation filing. After business formation, failure to maintain a registered agent could result in penalties or fines. You’re responsible for informing the Secretary of State immediately of any changes to the registered agent or the registered address.
How to Change Registered Agents in New Mexico?
You can change registered agents in New Mexico at any time. For example, you might want to change the registered agent from yourself to a professional registered agent service. It’s essential to notify the New Mexico Secretary of State promptly of any changes to the registered agent or registered office.
When you change registered agents in New Mexico, you can file for the change online by logging in here. The registered agent may file a resignation form at the same link. If you have any questions, you can contact the New Mexico Secretary of State by phone at 1-800-477-3632 from 8 am to 5 pm, Monday through Friday.
You can also contact the Business Services Division directly by phone, email, or fax:
If you need to mail in forms or want to ask questions in person, the address is:
New Mexico Capitol Annex North
325 Don Gaspar, Suite 300
Santa Fe, NM 87501
Building Your New Mexico Business
Time is of the essence for business owners. A New Mexico registered agent can save time and offer reliable contact and privacy for your business to ensure you don’t miss any important documents while saving costs.
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How long does a New Mexico Registered Agent’s appointment last?
A New Mexico registered agent’s appointment lasts until the registered agent resigns, the business appoints a new registered agent, or moves out of state.
Can you appoint an out-of-state Registered Agent for your New Mexico business?
No, you cannot appoint an out-of-state New Mexico registered agent. You must appoint a registered agent with a physical address in New Mexico.
How much does hiring a professional Registered Agent in New Mexico cost?
Hiring a professional registered agent service in New Mexico costs $35 to $150 a year.
Are New Mexico Registered Agents responsible for any fees or taxes?
New Mexico registered agents are only responsible for receiving and forwarding correspondence. They aren’t responsible for any fees or taxes. Business owners or LLC members are responsible for annual filings, taxes, fees, and any other business requirements.
Is a New Mexico Registered Agent’s address public?
Yes, a registered agent’s name and address are on the public record. You can search New Mexico registered agents’ information with the New Mexico Secretary of State.