Home › State Guides

What Does an LLC Cost in New Mexico?

New Mexico is the simplest cost story in this guide: $50 to form, online only, and $0 a year after that. No annual report, no annual fee, no publication, and no flat entity tax on a default LLC. The charges that do exist are event driven, a $20 agent change, a $50 amendment, $25 to dissolve, and they only appear when the event does.

By the LLCForming research teamFees checked Nov 8, 2026

Year one: what you pay to exist

Year-one cost in New Mexico	Amount
Articles of Organization, Secretary of State (online only)	$50
EIN from the IRS	$0
Operating agreement (you write it, not filed)	$0
Registered agent (you or another eligible person serves)	$0
Total state cost, year one	$50

That $50 is the complete required state charge to form, and there is exactly one way to pay it: the Secretary of State accepts business filings online only, through the SOS Enterprise portal, and no longer accepts paper filings for any business applications. Nothing else is owed in year one. No publication is required at formation, there is no initial report, and no report of any kind falls due later. The optionals are priced plainly. A name reservation is $20 for 120 days, and it cannot be renewed, so it buys one hold and no more. Amending or restating the articles later costs $50. Operating under a name different from the legal name costs nothing extra, because that name is stated inside the articles themselves and New Mexico has no DBA registration to file or pay for. Serving as your own registered agent, or naming another eligible individual, costs nothing; hiring a commercial agent service is a market purchase, not a state fee.

Every year after: the cost of staying alive

Recurring cost in New Mexico	Amount
Annual or biennial report	$0. New Mexico requires none for an LLC
Annual fee	$0. None appears in Section 53-19-63
Franchise tax	$0 for a default LLC. The $50 annual franchise tax reaches an LLC only if it is taxed as a corporation
Gross receipts tax	Activity based and location based; excluded from the flat total, see below
Typical recurring total	$0/yr

A recurring total of $0 comes with one standing duty attached, and it is not a filing. Under Section 53-19-5, the LLC must continuously maintain a registered office and a registered agent in New Mexico, and under Section 53-19-66.1 the Secretary of State may administratively revoke a company that has failed for thirty days to appoint and maintain an agent, or that has failed for thirty days after a change of registered office or agent to file the required statement of change. Those are the only two grounds listed. Section 53-19-66.2 allows reinstatement on application within two years after the effective date of revocation, and reinstatement relates back so the company resumes business as if the revocation had never occurred. Budget $0 a year, and spend the attention you save on never letting the agent record lapse.

What drives the New Mexico total, year one vs. later

Almost nothing drives it, and that is the point. Year one is a single $50 filing fee, paid online because paper filings are no longer accepted. Later years cost $0 in state charges, and they stay there, because the Limited Liability Company Act contains no report requirement and its complete fee schedule in Section 53-19-63 contains no report fee and no annual fee, while the Corporate Reports Act that does impose a biennial report reaches corporations only. So the New Mexico total is driven by events, not by the calendar or by revenue. Change the registered agent and the state charges $20. Amend the articles and it charges $50. Close the company and it charges $25, once. The figures that do scale with the business, gross receipts tax on the business's own sales and services, the optional entity level pass-through tax election, and the $50 corporate franchise tax that applies only to an LLC taxed as a corporation, are taxes on activity or elections, explained below and kept out of the flat total. The one way a $0 state becomes expensive is neglect of the single standing duty it does impose: keep a registered agent in place, because thirty days without one is a ground for administrative revocation.

The New Mexico fees around the $50 formation

Section 53-19-63 NMSA 1978 is the Act's complete fee schedule, and every charge in it is event driven. These are the lines a New Mexico LLC is most likely to meet:

New Mexico filing	Fee
Name reservation (120 days, not renewable)	$20
Statement of change of registered office or registered agent	$20
Registered agent's own statement of change of address	$20
Amended or restated Articles of Organization	$50
Articles of merger, conversion, or consolidation	$100
Certificate of registration (foreign LLC)	$100
Amended certificate of registration (foreign LLC)	$50
Cancellation of registration (foreign LLC withdrawal)	$25
Articles of Dissolution (revocation of dissolution is also $25)	$25
Certificate for a purpose not otherwise specified	$25
Document from the Secretary of State's records ($25 more for certification)	$10

The New Mexico taxes that are not in the flat total

Pass-through treatment is the default. The Taxation and Revenue Department states that limited liability companies and other pass-through entities doing business in New Mexico must file a New Mexico income tax return, on Form PTE, Form S-Corp, or Form FID-1 as the federal filing determines, due on or before the federal return due date. A disregarded single-member LLC is carved out of the Department's pass-through entity definition, so it does not itself file a pass-through entity return. Nonresident owners are handled by withholding on New Mexico source income unless the entity makes the optional, annual entity level tax election, made on the return and binding for that year, under which taxable net income is taxed at the higher of the personal or corporate rate, with the highest rate for both currently 5.9 percent according to the Department. Because that election is optional and income based, it is excluded from the totals.

Two more figures belong in the same excluded category. The $50 annual franchise tax is the obligation of corporations, and the Department's definition reaches a limited liability company only if it is taxed as a corporation under the Internal Revenue Code, so a default LLC owes none of it. Gross receipts tax is a tax on the business's own activity, imposed for selling property in New Mexico, leasing or licensing property employed in New Mexico, granting a franchise right to be employed in New Mexico, and performing services in New Mexico, reaching businesses without a physical presence at at least $100,000 of taxable gross receipts in the previous calendar year, at a combined rate the Department gives as varying from 5.125% to 8.6875% depending on location. It is widely passed to purchasers, it depends entirely on what the business does and where, and it is not an entity charge, so it is explained here rather than totaled above.

Run your own version, with an optional registered agent added, in the LLC cost calculator. Every state's year-one and recurring totals sit in one table on the national cost hub, and if a service would act as your agent, the registered agent price tracker follows what that costs at each tracked provider. If you would rather a service handled the filing, the services comparison prices that honestly, renewals included.