Do you want to start a business in New Mexico? You must first select a name for your company that complies with the New Mexico Naming Guidelines before incorporating your LLC. Ensure that your company name can be distinguished from that of other New Mexico-registered companies. The steps you can take to do a name availability search are covered in our post today, along with other crucial considerations when forming a limited liability corporation.
Why Is Performing a New Mexico Business Search Important?
Conducting a New Mexico corporate entity search is one of the greatest ways for business owners to ensure that the chosen name is not already claimed by another organisation. To determine whether another business has already registered their preferred business name in the state, entrepreneurs can use the New Mexico business search. If you conduct a New Mexico business search before submitting your application, the likelihood that it will be rejected is much decreased.
New Mexico Naming Guidelines
Each owner of a business organisation must select a company name that complies with the naming requirements established by the state of New Mexico in accordance with the rules described in the section above. The following considerations should be examined while choosing a name for your New Mexico LLC:
- Business name must include the phrase “limited liability company” or one of its abbreviations (LLC or L.L.C.)
- Business name cannot include words that would confuse your LLC with a government agency (FBI, Treasury, State Department, etc)
- Restricted words such as Bank, Attorney, and University may require additional paperwork and a licensed individual such as a doctor or a lawyer to be part of your LLC.
Using Comma in LLC Name
The state of New Mexico permits corporations to register their company names with or without commas. You can register your New Mexico entity with either of the following names, for instance, if you intend to call your New Mexico LLC “Autumn Boutique”:
Autumn Boutique LLC
Autumn Boutique, LLC
New Mexico LLC Name Must Be Distinguishable
The choice of a business name for a business entity must always be one that can be quickly identified in the records kept by the New Mexico Secretary of State. This implies that another New Mexico-registered firm cannot use the name of your corporation. You can use a New Mexico LLC name search to see if the proposed business name you selected for your business is available.
New Mexico LLC Name Search
The public has access to the business entity registration records maintained by the New Mexico Secretary of State. Therefore, before incorporating your LLC, you can utilise the New Mexico Business Name Search feature to determine whether the business name you choose is available. To locate New Mexico Corporations and LLCs, use the search criteria below:
- Business Name
- Business ID Number
- Registration Number
When looking for a New Mexico business entity online, the Business Name search option is the one that is most frequently utilised. This method is also quite simple to apply; all you need to do is enter the name of the business entity you want to work for into the search area and click “Search” for the website to generate a list of names that are similar to the one you’ve typed.
You don’t need to include words like LLC, Corp, or other naming distinctions when conducting a search because the website will extract the names for all entity types (aside from sole proprietorships and partnerships) included in its database. Simply adhere to the guidelines below to carry out an entity name search:
- Enter the proposed business name of the desired company name in the search bar.
Click on “Search.”
- New Mexico website also offers additional filter options that allow the public to search by Active vs Inactive businesses.
Business ID Number / Registration Number
Another approach to look up a New Mexico company is by the account number. Simply enter the business entity account number in the search window and click “Search.”
New Mexico Business Status Search
In New Mexico, business entity registrations happen every day. Therefore, it is totally natural if you find it difficult to select a name for your business entity that might also make it stand out from rivals in the industry. By searching the New Mexico Business Entity Database or asking around, you can uncover names that have already expired that you can use for your business.
For example, the website will display a list of companies with the keyword “flower” in them, along with their status, if you type the word “flower” into the search box and want to create a flower store. Following that, you can search through each name to discover a corporate business that is currently operating in New Mexico. Even an already-expired name can be ideal for your New Mexico company. If you do locate a suitable business name, we strongly advise you to call the New Mexico Secretary of State’s office to confirm its availability prior to forming your limited liability company.
Conducting a trademark search on the company name you wish to use is another crucial step to take. This is due to the possibility that, although being registered in the New Mexico corporation database, your proposed company name is already the subject of a trademark. By completing a trademark search for the name of your preferred business entity, you can save money by preventing potential costly legal issues.
On the other hand, just because another company has registered your chosen New Mexico company name as a trademark does not obligate you to stop using it. Consider who is using the LLC name, what kind of business they are in, and where they are located to avoid unwittingly violating someone else’s intellectual property rights.
Here are a few steps involved in performing a trademark search:
- Use the New Mexico Business Entity to search state trademark data. Check to check if the limited liability company name, slogan, etc. that you have chosen is already being used by another entity in your state by searching by entity type.
- You can confirm that the company name, slogan, and other selections you make are not connected to any federally registered trademarks by conducting a search of the computerised data kept by the US Patent and Trademark Office.
Reserving New Mexico Entity Name
The next step is to reserve the name to stop it from being stolen before you form your LLC after making sure it is still available using the New Mexico Business Database and Trademark Database. All inquiries and requests regarding LLC names, including LLC name reservations, are handled by the Secretary of State Operations Division in New Mexico. If you email them an LLC name reservation form, your selected LLC name will then be held onto for 120 days. The good news is that reservations for New Mexico LLC names can be extended.
LLC name reservations must be by maill.
Fee: $20 and cheques must be made out to the “New Mexico Secretary of State.”
Other Considerations – What To Do Next
After reserving your desired business name, you are ready to proceed with other considerations before officially registering your New Mexico LLC:
Check Domain Name Availability
Many company owners are beginning to understand how important it is for businesses to have an online presence. Consequently, more businesses are creating their own websites. Actually, the majority of consumers would presume that a company would have a website.
You’ll need to utilise creativity to come up with a standout website name that users can easily search for given the diversity of businesses available and the fact that domain names with six letters or less are typically already taken.
Business entity owners can rely on organisations like Namechkr or GoDaddy to help them identify available domain names. If the chosen name is already taken, these programmes can even offer alternatives.
Despite the fact that.com is the most widely used domain extension, it’s important to be aware that there are alternative options. Other domain extensions like.co,.net, and.io are gradually gaining popularity as more businesses use these endings. You might also consider using these domains if your desired name is already taken with the.com domain extension.
Check Social Media Name Availability
In addition to having a website for their company, businesses should consider developing a social media presence for their brand. Numerous customers can right away search for a company on Yelp or Google Reviews to examine what other clients are saying about it. Because of this, it is crucial for businesses to maintain a robust online social media presence.
Here are a few tips to maintain a good New Mexico business social media:
- No matter how little you think your business entity is, you still need to set up an account and maintain a strong social media presence. By maintaining a strong social media presence, businesses can increase their organic website traffic, attract new customers, and even increase brand awareness.
- To be found online, a social media account needs a standout social media handle. To make sure you can use a handle across a variety of platforms, it is advisable that you check its availability on a number of websites, including Facebook, Instagram, Twitter, and Pinterest, before choosing one. If your favourite social network username is still available, it could be best for you to create an account right away to prevent someone else from taking it.
- You can either use the Namechkr tool to search across all platforms at once to save time, or you can check your preferred social media name on each major website one at a time.
Register Your New Mexico Entity
Once your trademark, domain, social media handle, and entry in the New Mexico business entity database have been verified, you can move forward with registering your firm entity with the state.
You can form an LLC on your own, but you need to be prepared for the substantial amount of paperwork that may be needed. For all the documentation needed to form an LLC, many organisations turn to companies like ZenBusiness, Incfile, and Northwest Registered Agent.
Register Company Tax ID/EIN with the IRS
Registering your company tax ID with the IRS for tax purposes is the next step after founding your business organisation. The corporate tax ID, sometimes referred to as the EIN, can be compared to a company’s social security number. There are nine digits. You can complete the simple EIN registration process on your own by visiting online.
Designing a Company Logo
For each commercial enterprise, a company logo is essential. A well-designed logo grabs people’s attention, makes a good first impression, builds brand recognition, sets you apart from competitors, and even encourages brand loyalty.
It is obvious how crucial it is to design a unique logo for your business organisation given that it may accurately convey your business principles and provide people the impression you want them to have of you. Naturally, not everyone will have the imagination or creativity to create their own design.
Fortunately, online marketplaces like Fiverr are helpful in this situation because they let company owners contact independent designers and have a logo created within 24 hours.
Open a Business Bank Account
After establishing your business organisation, the following step is to register your company’s tax ID with the IRS for tax-related purposes. Similar to a company’s social security number is the business tax ID, sometimes known as the EIN. It has nine digits. By going online, you may finish the quick EIN registration process independently.
Setup an Email Account
Typically, email accounts are necessary for corporate communication. A working email address is also necessary in order to register for a social networking site. Because of this, it is essential for businesses to set up a corporate email account. Fortunately, for as low as $6 per month, Google Workspace makes it simple to set up a @yourcompany email address.
One of the first steps in creating an LLC is choosing a suitable company name. Once you’ve decided on a name, you can check to see if it’s already been taken advantage of by using New Mexico’s Business Entity Search.
You may also want to check and protect your domain name and social media usernames so that people can find you online. After registering your business name, you may now proceed with the next steps to correctly create your LLC.
Starting a business correctly doesn’t have to be difficult. With over 15 years of experience consulting new businesses and start ups, Matthew is probably the best person to help you set a strong foundation for your business.