New Mexico Annual Report (None)

Last updated on

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.
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.

4 Comments

  1. MLL January 20, 2020

    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.

    reply
    • Matt Horwitz January 20, 2020

      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.

      reply
  2. MLL January 20, 2020

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

    reply
    • Matt Horwitz January 20, 2020

      You’re very welcome :) Thank you!

      reply

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