There are no Annual Reports for New Mexico LLCs | LLC University®

Last updated September 3, 2019

No Annual Reports
for New Mexico LLCs

How to form an LLC in New Mexico
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 ← you are here
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

New Mexico LLCs don’t have to file an Annual Report or pay an annual fee. The New Mexico Secretary of State doesn’t require it.

Although most states have annual reports and fees, New Mexico is one of the few states that doesn’t require LLCs to file (or pay) an Annual Report.

This doesn’t mean that New Mexico LLCs don’t pay taxes though. Depending on how you derive your income in New Mexico, and how your LLC is taxed, you may have to file (and pay) state taxes. Please see our New Mexico LLC Taxes lesson or contact your tax professional.

Next Step

Once you celebrate the good news that New Mexico doesn’t have an Annual Report for LLCs, you should check out our next lesson: New Mexico Business Licenses & Permits.

New Mexico Secretary of State Contact Info

If you have any questions, you can contact the New Mexico Secretary of State at 505-827-4508 (option 2, then option 1).

Matt Horwitz
Founder & Educator, LLC University®
Forming an LLC shouldn't be so complicated. Our step-by-step guide will make the process a breeze – and no complex legal jargon! LLC University® teaches people how to form an LLC for free in all 50 states. We hope you find our free guides and resources helpful in your business journey.