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
7. Business License ← you are here
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
After you form a New Mexico LLC, you need to comply with any county and city license and permit requirements.
Your requirements are determined by the industry you are in and where your business is located.
Not complying with license and permit requirements is risky and can result in penalties and fines, or worse, not being able to conduct business in New Mexico.
Types of licenses & permits you may need in New Mexico
Below are some license and permit examples your LLC may need:
- City business licenses/tax permits
- Building permit
- Health permit
- Occupational permit
- Signage permit
- Alarm permit
- Zoning permit
- Alcohol & tobacco permit
- Liquor license
- Sales and use tax permit
- Seller/reseller permit
Do it yourself in New Mexico
No State Business License in New Mexico
The State of New Mexico does not have a general, state-level business license. Instead, business licenses are mandated at the local level.
List of New Mexico Counties
New Mexico Counties – 33 Strong
Click on the county where your LLC is located. Then call and ask about license and/or permit requirements.
New Mexico Regulation and Licensing Department
The NMRLD has a list of agencies you may need to contact for your LLC’s business licenses and permits needs:
New Mexico RLD: License and Permitting, Apply For a License or Permit
Occupational Licenses
New Mexico requires occupational licenses for certain trades and professionals, typically those which require a state license to practice (medical, legal, accounting, etc.).
These occupational licenses are a requirement to practice these professions, but are not to be confused with a local license to conduct business. If you are required to hold an occupational license, you may also be required to obtain a local business license as well.
You can look up occupational licenses at New Mexico RLD: Look Up A License.
Our Recommendation
There are nearly 20,000 licensing and permit jurisdictions in the United States and each has its own rules and regulations.
If you want to save time, we recommend hiring a professional service company (like IncFile) to do the research and prepare your applications.
They will provide you with a comprehensive package of all the licenses, permits and tax registrations required for your New Mexico LLC, as well as the necessary application forms.
Next Step
After you’ve researched and obtained the proper licenses and permits for your New Mexico LLC, you can then proceed to the next lesson: New Mexico LLC Taxes.
References
State of New Mexico: Business
New Mexico Taxation and Revenue: Business
New Mexico Taxation and Revenue: Register Your Business
New Mexico Taxation and Revenue: Who must register a business
New Mexico Economic Development Department: Business Support
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.
A short comment:
You recommend IncFile, they don’t do business with non-residents
Hi Nick, I know we discussed an issue you had with using IncFile to form your LLC, however, did they tell you they can’t assist with business license research? That doesn’t seem to make sense since your LLC now exists.
You’re right! They won’t help a non-resident form an LLC but may be able to help doing licence rearch.
I opted for another solution: I simply emailed my county.
Nice. Good old fashion research :)