How much does it cost to start an LLC in New Mexico in 2026?

Forming an LLC in New Mexico requires a one-time initial filing fee of $50 paid to the New Mexico Secretary of State. When accounting for standard registered agent compliance ($39-$125/yr), expect initial Year 1 costs to be approximately $89.

What are the annual recurring fees for a New Mexico LLC?

New Mexico charges an annual report fee of $0 filed on a none basis (due No annual report required for LLCs). There is no state franchise tax on standard LLCs in New Mexico.

What is the true 5-year cost of maintaining a New Mexico LLC?

Over 5 years, the true cost of a New Mexico LLC is approximately $245. This includes initial formation ($50), recurring none reports ($0), statutory franchise taxes, and compliance support.

Can I form an out-of-state LLC (e.g. Wyoming or Delaware) if I live in New Mexico?

While you can legally form an entity in Delaware or Wyoming, if your principal place of business, employees, or operations are located in New Mexico, you must register as a Foreign LLC in New Mexico. In New Mexico, the foreign qualification filing fee is $100 plus ongoing maintenance of $0/year, often resulting in double fees.

Verified 2026 Statutory Guide

New Mexico LLC Cost Calculator & 5-Year Taxes

Initial state filing fee: $50. Ongoing annual report fee: $0 (none). No state franchise tax.

Compare New Mexico vs Others

Direct Answer • 2026 Official Fee Schedule

Starting an LLC in New Mexico costs $50 for the one-time Articles of Organization filing fee, plus $0/yr in recurring none report fees. Over 5 years, maintaining a New Mexico LLC costs an estimated $245.

Initial State Filing$50One-time payment

Annual Report$0Due No annual report required for LLCs

Franchise Tax$0none

Registered Agent$39–$125Annual service

Statutory Department: New Mexico Secretary of State

Verify on State Website (.gov)

New Mexico LLC 5-Year Cost Model

Adjust parameters below to model state filing fees, recurring franchise taxes, and compliance overhead.

Popular:

1. State of LLC FormationInitial: $50

Approval speed: 1-3 business days online•Public Privacy: High (Anonymous)

2. Where do you conduct business?

If you reside or hire employees in a different state from your LLC, that state requires Foreign Qualification registration.

3. Estimated Annual Gross Revenue$150,000

New Mexico Tax Rule: New Mexico imposes no franchise tax and no annual report fees for LLCs.

4. Registered Agent ServiceMandatory by law

5. Expedited State Processing

Expedited State Processing (+$100)

Accelerates state filing from 1-3 business days online to 24-48 hours.

Deciding where to incorporate?

Compare New Mexico vs Wyoming & Delaware →

Year 1 Setup Cost

$89

Initial formation fee ($50) + registered agent

Annual Maintenance

$39 /yr avg

No annual report fee

5-Year True CostAll Hidden Fees Included

$245(~$4/mo)

Total 5-year statutory commitment to maintain legal compliance in New Mexico.

5-Year Cost Trajectory & Fee Composition(Click any year to inspect)

Notice how initial filing fees are often dwarfed by recurring franchise taxes and maintenance.

Inspecting: Year 1 ($89)

$89

Year 1Formation

$39

Year 2Renewal

$39

Year 3Renewal

$39

Year 4Renewal

$39

Year 5Renewal

State Formation & Expedited

Franchise & Entity Taxes

Annual / Biennial Reports

Special Mandates (Publication, etc.)

Registered Agent Compliance

Home State Foreign Qualification

Year 1 Itemized Line Items

Total: $89

State Filing$50

Franchise Tax$0

Annual Report$0

Special / Pub$0

Registered Agent$39

Foreign Qual.$0

5-Year Budget Allocation by Cost Category

Total State Filings

$50

20% of 5-yr budget

Total Franchise Taxes

0% of 5-yr budget

Annual / Biennial Reports

0% of 5-yr budget

Registered Agent Service

$195

80% of 5-yr budget

Publication / Mandates

0% of 5-yr budget

Recommended Business BankingFDIC Insured up to $5M

Open a zero-fee business checking account for your New Mexico LLC

Separate your business finances immediately to preserve limited liability corporate veil protection.

Explore Mercury ($0 Monthly Fees)

New Mexico LLC Statutory Framework & Compliance Guide (2026)

Statutory requirements and fee schedules under the New Mexico Secretary of State.

Official State Portal (.gov)

Annual Report Due DateNo annual report required for LLCsFrequency: NONE

Normal Turnaround1-3 business days onlineExpedited: +$100

Public Record PrivacyHigh (Anonymous)Registered agent protects personal address

State Personal Income Tax1.7% to 5.9%LLC pass-through profits flow to owners

New Mexico Franchise Tax & Business Privilege Tax Rules

New Mexico imposes no franchise tax and no annual report fees for LLCs.

Advantages of a New Mexico LLC

One of the absolute top states for privacy (anonymous LLCs, no member names on public record)
$50 one-time fee, $0 annual report forever
No public annual reporting requirement

Drawbacks & Hidden Costs

Gross Receipts Tax (GRT) applies to business conducted physically in NM

Founder Pro-Tip for New Mexico

New Mexico is the premier low-cost privacy state, beating Wyoming and Nevada on ongoing maintenance fees ($0/yr vs $60/yr in WY and $350/yr in NV).

Step-by-Step New Mexico LLC Formation Checklist (2026)

Choose an Available Entity Name

Must include "LLC", "L.L.C.", or "Limited Liability Company" and be distinguishable on the New Mexico Secretary of State registry.

Appoint a New Mexico Registered Agent

Must have a physical street address in New Mexico (no P.O. boxes) to receive official service of process during regular business hours.

File Articles of Organization ($50 State Fee)

Submit electronically to the New Mexico Secretary of State. Approval is typically granted within 1-3 business days online.

Execute an Operating Agreement & Obtain Federal EIN

Establish member capital contributions, voting rights, and obtain a free 9-digit EIN from IRS.gov for business checking accounts.

Maintain Ongoing Legal Good Standing (No annual report required for LLCs)

Submit the none report with the $0 fee to prevent automatic forfeiture or late fee assessments.

Compare New Mexico with Rival & Neighboring States

Evaluating formation options? Review fee structures in competing jurisdictions:

Filing: $100

Filing: $50

Filing: $300

Filing: $50