NEW MEXICO LLC
NEW MEXICO LLC
For start-up companies on a budget, we offer a new solution to those looking for an economical shelf company. We’re always looking for ways to sell companies for less.
New Mexico offers several positive attributes:
No annual fee to the state.
Most states require an annual fee. NM is the only state that doesn't require one for LLC's. We don't know how long this will last.
No need for annual reporting to the state of NM.
Lower cost for the shelf company at start-up. We can park you into a seven year old NM shelf LLC for $1295-$1900.
Disadvantages of New Mexico:
online order
Wait two weeks to file anything new with NM. However, certificates of good standing may now be ordered online.
Montana
Montana is a better option than New Mexico! If building business credit, or applying for credit, the companies from Montana fund much better than those from NM. This is because NM doesn't require an annual report. Banks like annual reporting and consider NM strange for their lack of annual reporting. MT companies receive more funding as a result of their annual report; even if its only $15 out of MT.
Back to New Mexico…it’s a good buy if you can wait a week or two for the documents. If you’re in a hurry, choose Wyoming. In contrast, Wyoming allows for you to download and print the certificate of good standing. Wyoming is great when you’re rushed to do a job.
We’ve compensated for the wait by ordering the NM Certificates in advance and in keeping them on file. But if you need more of them, you’re still waiting another two to three weeks. Think about what is more important to you and choose accordingly.
What about Delaware?
Do we offer Delaware shelf companies?
No. Delaware is best for going public with an initial offering. So, if you’re heading off to be another Amazon.com or IBM, go with Delaware. Otherwise, small business is best served from Wyoming. New Mexico comes in at a close second because they cost less.
Delaware shelf companies are facing some resistance when small business moves to establish credit or build business credit. Delaware shelf companies were the rage back in 2006. Many people bought them, built business credit, and obtained loans and then enough defaulted. This means the banks got burned with nonpayment of balances and now are looking at DE shelf companies as the problem. The same happened with Nevada. At present NM and MT doesn’t present that stigmatized presence. However, MT continues to outshine NM in the business credit area.
