Question: How is Lawyers Company
Service different from the 50-state services?
Answer:
We are specialists in New Mexico business formation
and have been in business over five years. We consult
with New Mexico attorneys and CPAs to offer the
latest updates in documents and services.
You can form your New Mexico corporation or LLC online, by fax or by mail. We
will check the availability of the name you select for your business entity the
same day.
Question: Can LCS help me with legal or tax questions?
Answer: Our staff members are not lawyers or accountants.
As such, they do not provide legal or tax advice.
However, if you are not an attorney and are
not working with an attorney, our staff can
provide you with information on lawyers who
are knowledgeable in corporate law. The same
is true for receiving tax advice from accountants.
Question: How soon will
I have my LLC or corporation papers?
Answer: The total process
between receiving your order and completing and
sending your document binder can take as little
as eight days (if you choose LCS as registered
agent and select the LCS expedited service option)
and as much as 20 business days. The New
Mexico Public Regulation Commission by law has
up to 15 working days to process the filing (although
it often completes our filings considerably sooner);
currently the PRC does not provide an option to
expedite this process.
Question: Can my New Mexico corporation or LLC do business
in other states?
Answer: Yes. You may have
to register and qualify the NM entity to do business
in the other state, a process similar to organizing
the entity here in New Mexico. You may also be
subject to taxes in the foreign, including state
corporate franchise tax and income tax, if applicable. There
can be other differences in the treatment of business
entities doing business in other states; See Choosing
Your Business Entity.
Question: What does the registered agent do?
Answer: The registered agent is the official contact person
for the corporation or LLC. The office of the
registered agent (which can be the same as
the principal office of the business) is called
the registered office. Every NM corporation
and LLC must have a registered agent and office.
The registered agent receives official correspondence
from the New Mexico Public Regulation Commission,
which regulates corporations and LLCs in New Mexico.
If the entity is ever sued in New Mexico, the complaint
and summons for the lawsuit may be served on the
registered agent.
If you select LCS as your registered agent, we
will mail all such papers to you promptly, generally
by the next business day after we receive them.
We can also make arrangements to forward any lawsuit
papers to your attorney.
Question: I've heard a lot about Delaware corporations. Should
I organize my business in Delaware?
Answer: It is true that Delaware is home to many of America's
premier corporations. Delaware's laws governing
corporations, LLCs and other business entities
are very advanced and flexible, particularly
in the area of corporate mergers and acquisitions.
Delaware also offers attractive privacy and
tax advantages.
Bear in mind, however, that if your corporation
is going to do business in New Mexico, you will
have to qualify the Delaware corporation as foreign
corporation doing business in NM. This involves
paperwork and costs on a par with forming a NM-based
entity.
If you feel you may have a need to organize your
business entity in Delaware, an excellent service
is Delaware Corporations, LLC: http://www.delawarecorp.com
Question: Why Choose Lawyers
Company Service?
Answer:
IMPORTANT FACTORS
IN FORMING YOUR COMPANY
LCS
Others
Document forms prepared/reviewed by NM licensed
attorneys
Documents updated periodically for changes
in law
Tax information reviewed by tax attorneys
and/or CPA's
ALL documents and forms filled in, ready
to sign – NO LOOSE ENDS!!
Helps your new company start out "bullet-proof"
Extensive discussion of basic legal and
tax differences between entities – updated
periodically
Optional tax ID form (federal and NM) preparation
service
