LLC Formation Requirements
Forming an LLC in New Mexico requires a $50 filing fee paid to the New Mexico Secretary of State. There is no annual report fee. Standard processing takes several business days. Expedited processing is not available in New Mexico. A registered agent with a physical address in New Mexico is required. New Mexico levies a state income tax on LLC members' pass-through income. New Mexico does not impose a franchise tax on LLCs.
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How much does it cost to form an LLC in New Mexico?
The state filing fee to form an LLC in New Mexico is $50. There is no annual report fee.
Do I need a registered agent for my New Mexico LLC?
Yes. New Mexico requires every LLC to maintain a registered agent with a physical address in the state. The registered agent receives official legal documents and government notices on behalf of your LLC.
Does New Mexico have a franchise tax for LLCs?
No. New Mexico does not impose a franchise tax on LLCs, which reduces the ongoing cost of maintaining your business.
Does New Mexico have a state income tax?
Yes. New Mexico has a state income tax. As an LLC member, your share of the LLC's profits is subject to state income tax on your personal return, since LLCs are typically pass-through entities.
How long does it take to form an LLC in New Mexico?
Standard processing time in New Mexico is several business days. Expedited processing is not currently available.
Can I file my New Mexico LLC online?
Yes. New Mexico allows online LLC filing through the Secretary of State's website, which is typically the fastest and most convenient option.
What are the ongoing requirements for a New Mexico LLC?
New Mexico does not require an annual report fee. You must also maintain a registered agent in the state.
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New Mexico requires every LLC to maintain a registered agent with a physical in-state address. A professional registered agent service ensures you never miss legal notices.
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Official Source
New Mexico Secretary of State
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Data Methodology
DataTactic researchers verify LLC formation data directly against official government sources — New Mexico Secretary of State publications, state statutes, and agency websites. Each data point is cross-referenced against primary sources before publication. Records are reviewed and updated when laws or requirements change.
Last verified: 2025-03-17 · Always confirm with official state sources before filing.