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.
New Mexico LLC costs:
LLC formation: $50 (one-time fee)
Annual report: None
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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.
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).