New Mexico LLC Cost Calculator & 5-Year Taxes
Initial state filing fee: $50. Ongoing annual report fee: $0 (none). No state franchise tax.
Check if your LLC name is taken on official New Mexico database
Every LLC name must be legally distinguishable on state records. Perform a free corporate name lookup on the official New Mexico Secretary of State registry before submitting your $50 Articles of Organization.
How Much Does an LLC Cost in New Mexico?
An LLC in New Mexico costs $50 to form (one-time state filing fee) and $0 per year in none report fees. The estimated total 5-year cost is $245, including state fees, annual reports, and registered agent service.
| Fee Component | Statutory Cost | Frequency | Due Date / Requirement | Recipient Entity |
|---|---|---|---|---|
| Articles of Organization (Filing Fee) | $50 | One-time | Upon LLC formation | New Mexico Secretary of State |
| Periodic Annual / Biennial Report | $0 | none | Due No annual report required for LLCs | New Mexico Secretary of State |
| State Franchise Tax / Entity Fee | $0 | None | No franchise tax | N/A |
| Registered Agent Service | $0 (Self) or $39–$125 | Annual | Continuous requirement | Appointed agent / Commercial service |
| Operating Agreement & Federal EIN | $0 (Free) | One-time | Internal record / IRS issuance | Internal Company Record / IRS |
| Total Minimum Initial Formation | $50 (State statutory fees to open LLC) | |||
New Mexico LLC 5-Year Cost Model
NMChoose a state and assumptions. Your five-year estimate updates instantly.
Future years assume today's reviewed rates remain unchanged. Historical estimates are not enabled because older rules have not been fully verified.
This estimate covers liabilities incurred in five taxable years (2026–2030), even when payment is due later.
Future years use an unchanged-current-law assumption. Income tax, legal advice, penalties, and unselected optional services are excluded.
Initial formation fee ($50) + registered agent
No annual report fee
Estimated liability for the selected inputs and disclosed scope in New Mexico.
Five taxable years by cost category(Click any year to inspect)
Select a year to inspect its included liabilities and applicable tax due date.
Tax year 2026 included items
Total: $895-Year Budget Allocation by Cost Category
Open a zero-fee business checking account for your New Mexico LLC
Separate your business finances immediately to preserve limited liability corporate veil protection.
New Mexico LLC Statutory Framework & Compliance Guide (2026)
Statutory requirements and fee schedules under the New Mexico Secretary of State.
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.
New Mexico LLC Cost FAQ
Common questions about forming and maintaining an LLC in New Mexico.
How much does it cost to start an LLC in New Mexico?
The state filing fee to form an LLC in New Mexico is $50, paid to the New Mexico Secretary of State when you file your Articles of Organization. With a registered agent service ($39–$125/yr), expect to pay approximately $89 in your first year.
What is the New Mexico LLC filing fee for 2026?
The New Mexico LLC filing fee is $50. This is a one-time fee paid to the New Mexico Secretary of State to register your Articles of Organization. Expedited processing is available for an additional $100. Normal processing time is 1-3 business days online.
What are the annual fees for an LLC in New Mexico?
New Mexico charges a none report fee of $0, due No annual report required for LLCs. There is no state franchise tax for standard LLCs in New Mexico, making ongoing costs relatively low.
How much does it cost to maintain a New Mexico LLC per year?
The annual cost to maintain a New Mexico LLC includes the none report fee ($0), and a registered agent ($39–$125/yr). Over 5 years, the estimated total cost is $245.
Does New Mexico have a franchise tax for LLCs?
No. New Mexico does not impose a franchise tax or entity-level tax on standard domestic LLCs. This makes New Mexico one of the more affordable states for LLC maintenance.
Can I form an LLC in New Mexico if I live in another state?
Yes, you can form a domestic LLC in New Mexico regardless of where you live. However, if your principal business operations are in a different state, you will also need to register as a Foreign LLC in that state. In New Mexico, foreign LLC registration costs $100 plus $0/year in ongoing fees — often resulting in paying double.
Compare New Mexico with Rival & Neighboring States
Evaluating formation options? Review fee structures in competing jurisdictions: