Powerful
Private
Perpetual
Your LLC provides personal protection from liability claims and business debts, yet facilitates pass-through tax convenience for owner-members.
Bumby Brook LLC creates your LLC in New Mexico for the ultimate in privacy. Your personal name never needs to appear on documents we file with the state.
As with a corporation, your LLC can exist in perpetuity to facilitate long-term strategic planning and stability. It's affordable peace of mind.
Create your new LLC today for only $149 complete
What is a limited liability company or LLC? An LLC is a business entity that shields its owners, referred to as "members," from claims for business debts and other company-related liabilities. This characteristic of LLCs works like a corporation which protects its shareholders from similar demands. Creditors of the LLC cannot normally tap into your personal assets such as a home, car, bank account or other property.
Because the LLC itself is not a separate taxable entity, owner-members report business profits and losses on their personal income tax returns, as do partners in a partnership, sole proprietors and shareholders of an S corporation, for the added convenience of pass-through tax benefits.
A major advantage of New Mexico LLCs over S corporations is their lack of bothersome maintenance such as annual shareholder meetings, detailed minute-keeping, and state-required report filings. New Mexico LLCs are valid throughout the US and in most nations across the globe.
A relatively new business structure in the United States — the first state LLC laws were enacted in 1977 — LLC-type businesses have operated successfully providing great benefits for their owner-members in Europe since the late 1800s. Today, all 50 US states have LLC laws and regulations on the books and this excellent hybrid business model is universally accepted.
Limited liability companies offer simplicity, versatility and protection
- Internet Business If you are thinking about starting an Internet-based business or already have one up and running, creating an LLC is the perfect way to make it an official business entity. Registering a domain name only gives you an address on the Internet. It doesn't create a valid business structure nor does it provide liability protection.
- Traditional Business Stores, boutiques, service businesses, self-employment, home-based businesses. Same as with Internet-based businesses: If you are operating an informal partnership or a sole proprietorship, with or without a ficticious name or DBA filing, make it official by creating an LLC and gain valuable liability protection.
- Vehicles Cars, trucks, boats, personal watercraft, recreational vehicles, tractors, travel trailers. To limit liability to a single asset, and to facilitate transfer of the vehicle later, smart owners create a different LLC for each vehicle.
- Rental Properties Stephanie Fitch, writing in Forbes magazine, advises every landlord to have good insurance and to place each rental property into a limited liability company. "That way, even if a tenant or visitor wins a judgment against your rental home, he will have no right to lay claim to your personal assets." (Forbes.com, "Attention Landlords: Beware Litigious Tenants," Aug. 26, 2009.) As with vehicles, savvy landlords place each rental in a separate LLC to limit maximum liability to a single asset.
- Other Real Estate Personal homes, vacation homes, time shares, raw land, farms, commercial and investment properties.
- Intellectual Properties Copyrights, patents, mechanical and architectural renderings, manuscripts, musical scores and recordings, artworks, photographs, digital images, software.
- Holding Company An LLC that owns other LLCs which, in turn, own various properties, vehicles, businesses, etc.