How to Form an LLC in New Mexico
Everything you need to form a Limited Liability Company in New Mexico (NM). Filing fee: $50 | Processing time: 5-7 business days
Filing Fee
$50
Annual Report
$0 (no annual report required)
Processing Time
5-7 business days
Online Filing
Yes
State Income Tax
1.7% to 5.9% individual income tax; 4.8% to 5.9% corporate income tax
Steps to Form an LLC in New Mexico
1
Check LLC name availability with the New Mexico Secretary of State
2
Designate a registered agent in New Mexico
3
File Articles of Organization with the New Mexico Secretary of State
4
Pay the $50 filing fee
5
Obtain an EIN from the IRS
6
Register for Gross Receipts Tax with the Taxation and Revenue Department
7
Draft an Operating Agreement
Pros of Forming in New Mexico
- ✓Low $50 filing fee with no annual report requirement
- ✓No requirement to publish notice of LLC formation
- ✓Strong privacy protections for LLC members
Cons of Forming in New Mexico
- ✗Smaller economy and consumer market
- ✗Gross Receipts Tax applies instead of traditional sales tax
- ✗Limited access to venture capital and major investors
Best For
Privacy-conscious entrepreneurs and small businesses seeking minimal ongoing compliance requirements.
Calculate Your New Mexico LLC Costs
Get a detailed cost breakdown for forming your LLC in New Mexico, including filing fees, registered agent costs, and more.
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