Home » New Mexico LLC » New Mexico Annual Report (None)

Last updated July 28, 2021

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®
Matt Horwitz has been the leading expert on LLC education for the past decade. He founded LLC University in 2010 after realizing people needed simple and actionable instructions to start an LLC that other companies weren't offering. He's cited by Entrepreneur Magazine, Yahoo Finance, and the US Chamber of Commerce, and was featured by CNBC and InventRight.
 
Matt holds a Bachelor's Degree in business from Drexel University with a concentration in business law. He performs extensive research and analysis to convert state laws into simple instructions anyone can follow to form their LLC - all for free! Read more about Matt Horwitz and LLC University.

8 comments on “New Mexico Annual Report (None)”

Disclaimer: Nothing on this page shall be interpreted as legal or tax advice. Rules and regulations vary by location. They also change over time and are specific to your situation. Furthermore, this comment section is provided so people can share their thoughts and experience. Please consult a licensed professional if you have legal or tax questions.

  1. Hi Matt,

    In Dec. 2019, I formed an LLC in New Mexico. Does New Mexico require newly formed LLC’s to file an “initial report within 30 days after incorporation”?

    Based on a note from the registered agent, this is the case (and it’s a service they can provide for an additional fee) but I can’t seem to locate anything on the registered agent’s website or anything on the New Mexico’s Secretary of State’s website that indicates, or exactly specifies, this requirement or describes what type of “initial report” is due.

    The registered agent secured the Certificate of Organization, and provided me with the Initial Resolutions, Operating Agreement, and Certificate of Filing.

    Thank you.

    • Hi there, we’ve never heard of an Initial Report for a New Mexico LLC. I think the information they have is either incorrect or it’s an accidental “typo carryover” from another state. There’s only a handful of states that have an Initial Report, but New Mexico isn’t one of them. Hope that helps.

  2. Thank you, Matt. Really appreciate your response and all of the great information you’ve provided on this site!

  3. Hi Matt, I’m a non-US resident and looks like New Mexico is a good candidate for creating a one-member LLC. Is there a ranking of states you can suggest for this kind of LLC? Thanks!

  4. Hi Matt,
    I opened a NM LLC for the purposes of making investments. It has multiple members, so is considered a partnership. There are no products sold, only investments made, and the ONLY way the partnership makes money is if its investments do well. Do I need to file anything for NM? Or do I only have to file Federal info return and send partner’s K1’s?
    Thanks

    • Hi Jesse, ​apologies for the slow reply. The LLC is treated as a Partnership for federal and state tax purposes. Yes, a 1065 Partnership return needs to be filed with the IRS. We don’t specialize in state tax filings, so please check with an accountant to see what needs to be filed in New Mexico. Thank you for your understanding.

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