New Mexico LLC cost at a glance
| Cost | New Mexico amount |
|---|---|
| Cost to form | $50 |
| Annual report | None required |
| When it is due | No recurring state filing |
| State tax on the LLC | None for pass-through LLCs |
| First-year state fees (minimum) | $50 |
| Yearly state fees after that (minimum) | $0 |
| Registered agent | Required. Free if you act as your own; commercial services charge a yearly fee |
| EIN from the IRS | $0 |
Fees verified October 2026 against the New Mexico Secretary of State and other official New Mexico sources listed at the end of this page.
How much does it cost to form an LLC in New Mexico?
The New Mexico Secretary of State charges $50 to file Articles of Organization. All business filings are now made online through the Secretary of State’s business portal.
The Articles do not require the names of members or managers, so ownership does not appear on the public record. That is the reason New Mexico appears in most discussions of anonymous LLCs.
Our walkthrough on how to file articles of organization in New Mexico covers the form field by field.
How much does a New Mexico LLC cost every year?
A New Mexico LLC pays nothing to the state each year. There is no annual report, no biennial report and no franchise tax for LLCs taxed as pass-through entities.
The one cost that continues is the registered agent. New Mexico requires every LLC to keep a registered agent with a New Mexico street address, and a commercial service charges a yearly fee for it.
Over three years the state fees total $50, the same as Arizona, Mississippi and Missouri. Only Montana, at $35 to form with a free annual report filed on time, costs less.
What does a New Mexico LLC cost over the first three years?
The table below adds up the state fees a New Mexico LLC pays in its first three years, using the minimum amounts New Mexico charges. The second column adds the BusinessAnywhere registered agent service, which is free for the first year and $147 a year after that.
| Year | State fees only | With a registered agent service |
|---|---|---|
| Year 1 | $50 | $50 |
| Year 2 | $0 | $147 |
| Year 3 | $0 | $147 |
| Three-year total | $50 | $344 |
Does New Mexico charge a franchise tax or income tax on LLCs?
New Mexico charges no franchise tax on LLCs taxed as sole proprietorships or partnerships. The New Mexico corporate franchise tax applies to corporations and to LLCs that elect corporate taxation.
Members who live in New Mexico or earn New Mexico-source income pay New Mexico personal income tax on their share. New Mexico also levies a gross receipts tax on businesses selling goods and services in the state, which is a tax on sales, not a fee for having the LLC.
How much does a registered agent cost in New Mexico?
Every New Mexico LLC must name a registered agent with a physical street address in New Mexico. Acting as your own agent costs nothing, but your address goes on the public record and you must be available at that address during business hours. Commercial registered agent services charge a yearly fee for the same role.
The BusinessAnywhere registered agent service is free for the first year and $147 a year after that, with every document scanned to your online dashboard the day it arrives.
Our New Mexico registered agent guide explains the state rules in full.
If you are weighing the free option, read can I be my own registered agent first.
Does a New Mexico LLC need an EIN, and what does it cost?
An EIN costs nothing when you apply directly with the IRS. A New Mexico LLC needs one to hire employees, to open a business bank account and whenever it has more than one member. US residents with an SSN or ITIN apply through the IRS online EIN application and receive the number at the end of the session.
Founders outside the United States cannot use the online tool. They apply by phone, fax or post with IRS Form SS-4, and do not need an SSN to do it. The BusinessAnywhere EIN application service handles that process for $97. Our guide on how to obtain an EIN for your LLC covers both routes.
What other New Mexico LLC fees should you budget for?
New Mexico publishes its fees for name reservations, certificates of good standing and amendments inside its online business filing portal rather than on a public fee schedule. The portal shows each fee at checkout, so confirm the amount there before you file.
An operating agreement carries no state fee in New Mexico, and New Mexico does not collect it, but every LLC should have one to set out ownership and decision rights. BusinessAnywhere sells an operating agreement template for $97.
What happens if you miss a New Mexico LLC deadline?
New Mexico has no annual report, so there is no annual report deadline to miss. The deadline that matters is the registered agent: an LLC that loses its registered agent falls out of compliance and can be administratively dissolved.
Keep the registered agent in place and the state’s records current, and a New Mexico LLC stays in good standing at no state cost.
If you intend to close the business, file formally instead of letting it lapse. Our guide on how to dissolve an LLC in New Mexico sets out the steps.
How does New Mexico compare with other states?
New Mexico is one of the cheapest states in the country to keep an LLC in. Its $50 formation fee is half the national median, and it is one of only seven jurisdictions with no recurring report at all.
| State | Formation fee | Yearly state fees (minimum) | What drives the cost |
|---|---|---|---|
| New Mexico | $50 | $0 | No annual report, no franchise tax |
| Wyoming LLC cost | $100 | $60 | $60 minimum license tax, no income tax |
| Delaware LLC cost | $110 | $400 | $400 flat annual tax due 1 June |
| Nevada LLC cost | $425 | $350 | $200 business license every year |
| Utah LLC cost | $59 | $18 | $18 annual renewal |
For all 51 jurisdictions side by side, see our full table of LLC cost by state.
How to form a New Mexico LLC for $0 plus state fees
BusinessAnywhere files your New Mexico LLC for $0 plus the $50 state fee. The filing comes with a free first year of registered agent service, so your first-year cost is the state fee and nothing else.
- Formation: $0 service fee plus the New Mexico filing fee.
- Registered agent: free for the first year, then $147 a year.
- EIN application: $97, with no SSN required for non-US founders.
- Compliance reminders: every New Mexico deadline on this page tracked in your dashboard.
- Virtual mailbox: a US street address with mail scanning, from $20 a month.
Start with our LLC formation service, or read the full guide on how to start an LLC in New Mexico first.
New Mexico LLC cost FAQs
How much does an LLC cost in New Mexico?
A New Mexico LLC costs $50 to form. After that it pays $0 a year in state fees, because New Mexico has no LLC annual report and no franchise tax on pass-through LLCs.
Does New Mexico require an LLC annual report?
No. New Mexico is one of seven US jurisdictions with no recurring LLC report.
Are LLC members public in New Mexico?
No. New Mexico’s Articles of Organization do not require member or manager names, so ownership does not appear on the state record.
Do I need a registered agent in New Mexico?
Yes. Every New Mexico LLC must keep a registered agent with a New Mexico street address. It is the only continuing requirement.
Is New Mexico cheaper than Wyoming for an LLC?
Yes, on state fees. New Mexico costs $50 to form and $0 a year. Wyoming costs $100 to form and at least $60 a year.
How much does a New Mexico LLC cost over three years?
$50 in state fees, all paid at formation. With a commercial registered agent from year two at $147 a year, the three-year total is $344.
Sources
Fees change. Every figure on this page was checked against the official source in October 2026. Confirm the current amount with the New Mexico Secretary of State before you file.
