In Short: Does a New Mexico LLC File an Annual Report?
No. New Mexico’s official business portal states that the report requirement does not apply to limited liability companies, and the state charges no annual LLC fee. A New Mexico LLC must still keep a registered agent and registered office, and it can be revoked if it goes 30 days without one.
- Annual report: none for LLCs. Only LLPs and corporations file reports.
- Annual state fee: none.
- What to keep current: the registered agent and registered office, with changes filed with the Secretary of State.
- Taxes: LLCs doing business in New Mexico register with the Taxation and Revenue Department.
- If the agent lapses: the Secretary of State can revoke the LLC after 30 days without an agent. Reinstatement is available within two years.
New Mexico is one of the lowest-maintenance states for an LLC. There is no annual report, no biennial report and no annual fee with the Secretary of State.
No report does not mean no obligations. This guide answers whether a New Mexico LLC files an annual report, then covers what it must keep current, the state tax registration that applies to LLCs doing business there, and what happens if the registered agent lapses.
New Mexico LLC Annual Report at a Glance
| Official name | None. New Mexico LLCs file no annual report |
|---|---|
| Filed with | New Mexico Secretary of State, Business Services Division |
| Who files | No LLC files an annual report |
| Filing cycle | None. Changes are filed as they happen |
| Due date | Registered agent or office changes when they happen |
| Fee | No annual fee. Agent or office change $20, amendment $50 |
| Late fee or penalty | Revocation after 30 days without a registered agent |
| Reinstatement | Within two years after revocation |
| Where to file | Secretary of State online business filing system |
Does a New Mexico LLC Need to File an Annual Report?
No. The state’s business portal page on filing reports explains that limited liability partnerships file annual reports and corporations file biennial reports, and states that this requirement does not apply to limited liability companies. The New Mexico Limited Liability Company Act (NMSA 53-19) contains no annual report requirement for LLCs.
Foreign LLCs registered in New Mexico do not file one either.
What a New Mexico LLC Must Keep Current
Registered agent and registered office
Under NMSA 53-19-5, a New Mexico LLC must keep a registered office in the state and a registered agent for service of process. The agent can be a New Mexico resident or an entity with a New Mexico office. To change either, the LLC files a statement with the Secretary of State, and the change takes effect on filing. An agent who resigns gives notice, and the resignation takes effect 30 days later. The LLC must also tell the Secretary of State when its principal place of business address changes.
Amendments
A change to the articles of organization, such as a new name, is filed as an amendment. The fee section of the LLC Act (NMSA 53-19-63) sets $50 for an amendment and $20 to change the registered office or agent.
State tax registration
Under NMSA 7-1-12, a business engaged in business in New Mexico registers with the Taxation and Revenue Department and receives a New Mexico Business Tax Identification Number, which replaced the old CRS number. According to the department’s gross receipts tax overview, gross receipts tax applies to persons engaged in business in New Mexico, and an out-of-state seller is engaged in business there once it has $100,000 or more in New Mexico taxable gross receipts in the prior year. Returns are filed monthly, quarterly or semiannually, as the registration certificate states.
Pass-through entity return
A multi-member LLC doing business in New Mexico or with New Mexico income files Form PTE, according to the department’s pass-through entity page. Single-member LLCs that are disregarded for tax purposes are excluded.
Foreign LLCs in New Mexico
A foreign LLC registers with the Secretary of State before doing business in New Mexico; registration costs $100 under NMSA 53-19-63. It files no annual report afterward, but it must keep a New Mexico registered agent and office.
How Much Does It Cost to Keep a New Mexico LLC Current?
Nothing each year at the Secretary of State. Costs come only when something changes: $20 to change the registered office or agent and $50 for an amendment. Taxes depend on whether and how much the LLC does business in New Mexico.
How to Update a New Mexico LLC: Step by Step
- Create an online account. The Secretary of State says all business filings have moved online.
- Find your LLC. Search the entity in the online business filing system.
- Choose the filing. Select a registered agent or office change, or an amendment.
- Enter the new details. Confirm the agent’s name and New Mexico address.
- Pay the fee. Each form shows its fee before you submit.
- Save the filed copy. Keep it with your company records.
What Happens If a New Mexico LLC Lets Its Agent Lapse?
Under NMSA 53-19-66.1, the Secretary of State can revoke the articles of organization of an LLC that, for 30 days, fails to appoint and maintain a registered agent, or fails to file a statement of change after changing its registered office or agent.
Reinstating a revoked New Mexico LLC
Under NMSA 53-19-66.2, a revoked LLC can apply for reinstatement within two years after the revocation. Reinstatement is retroactive, so the LLC continues as if it had never been revoked. The Secretary of State’s Business Services Division at 505-827-3600 confirms the current reinstatement fee.
New Mexico Tips for Non-Resident Owners
- Keep a registered agent at all times. It is the one ongoing requirement with the Secretary of State.
- File an agent change as soon as you switch providers.
- Check whether your activity counts as doing business in New Mexico for gross receipts tax.
- Report a new principal place of business address to the Secretary of State.
Keep Your New Mexico LLC in Good Standing
With no annual report, the registered agent is what keeps your LLC in good standing in New Mexico. Banks, payment processors and new partners ask for proof of that status, and the document that shows it is a New Mexico certificate of good standing. For the full picture of what the state charges, see our breakdown of New Mexico LLC costs, and if you have not formed the company yet, start with our guide on how to start an LLC in New Mexico.
Most missed filings trace back to one problem: the state’s reminder went to an old address. A registered agent service that scans and forwards state mail closes that gap. If a deadline has already passed, our guide on what happens when you miss an annual report deadline walks through the fix, and our LLC annual report guide for every state covers the rules in other states where you are registered.
Form Your New Mexico LLC With BusinessAnywhere
BusinessAnywhere forms your New Mexico LLC for $0 plus the state filing fee, includes a free first year of registered agent service so state notices reach you, and gets the EIN for non-residents without a Social Security number for $97.
Frequently Asked Questions
Does a New Mexico LLC have to file an annual report?
No. The state business portal says the report requirement does not apply to limited liability companies. Only LLPs and corporations file reports.
Is there an annual fee for a New Mexico LLC?
No. New Mexico charges no annual LLC fee. Costs arise only when the LLC files a change, such as $20 to change its registered agent.
Do foreign LLCs file an annual report in New Mexico?
No. Foreign LLCs registered in New Mexico file no annual report, but they must keep a New Mexico registered agent and office.
How much does it cost to change a New Mexico LLC’s registered agent?
$20 under NMSA 53-19-63, filed online with the Secretary of State.
What happens if a New Mexico LLC has no registered agent?
The Secretary of State can revoke the LLC after 30 days without a registered agent. It can apply for reinstatement within two years.
Does a New Mexico LLC need to register for state taxes?
An LLC engaged in business in New Mexico registers with the Taxation and Revenue Department for a New Mexico Business Tax Identification Number.
This guide summarizes rules published by the New Mexico Secretary of State, the New Mexico Taxation and Revenue Department and the New Mexico Statutes as of October 2026. It is general information, not legal or tax advice. Fees and forms change, so confirm the current figures on the official site before you file.
