Last updated October 31, 2020
How to Form an LLC in New Mexico
How to form an LLC in New Mexico ← you are here
This Quick Start Guide is a brief overview of how to form an LLC in New Mexico.
Detailed Lessons:
5. EIN Number
6. No Annual Report
7. Business License
8. Taxes
New Mexico LLC costs:
LLC formation: $50 (one-time fee)
Annual report: None
Need help?
Hire a company to form your New Mexico LLC:
Northwest ($39 + state fee) or LegalZoom ($149 + state fee)
★ Check out Northwest vs LegalZoom
Here is a quick overview on starting an LLC in New Mexico
A New Mexico Limited Liability Company (LLC) is a legal structure used to protect your personal assets (home, car, bank account) in the event your business is sued.
A New Mexico LLC can be used to operate a business, or an LLC can be used to hold assets (such as real estate, vehicles, boats, or aircraft).
Forming an LLC in New Mexico is simple. Search your New Mexico LLC name in the state database and select your Registered Agent.
File your Articles of Organization with the New Mexico Secretary of State and wait for your LLC to be approved.
You can file your LLC by mail or online. The state filing fee is $50 in both cases. If you file by mail, your New Mexico LLC will be approved in 15 business days (unless you pay extra). If you file online, your New Mexico LLC will be approved in 1-3 business days.
After your New Mexico LLC is approved, complete your Operating Agreement and get your Federal Tax ID Number (aka EIN) from the IRS.
And, unlike most states which require LLCs to file an Annual Report, New Mexico doesn’t have an Annual Report!
We’ve created a free course that will walk you through forming your New Mexico LLC, step-by-step.
You can find the detailed lessons linked at the top of this page.
Northwest ($39 + state fee) or LegalZoom ($149 + state fee)
(check out Northwest vs LegalZoom)
