LLC Cost in New Mexico — Complete Breakdown
Everything you need to know about forming and maintaining an LLC in New Mexico.
New Mexico LLC Formation Costs
Good news: New Mexico does not charge an annual report fee for LLCs.
Detailed Cost Breakdown for New Mexico
| Cost Item | Amount |
|---|---|
| Articles of Organization (Filing Fee) | $50 |
| Annual Report / Franchise Tax | $0/yr |
| Registered Agent Service | $150/yr |
| Expedited Processing (optional) | +$100 |
| Operating Agreement (recommended) | $0 – $200 |
| EIN (Federal Tax ID) | Free (IRS) |
| Estimated First-Year Total | $200 |
Cost Comparison: New Mexico vs. Neighboring States
| State | Filing Fee | Annual Fee | Total 1st Year | vs. New Mexico |
|---|---|---|---|---|
| New Mexico | $50 | $0 | $200 | — |
| Colorado | $50 | $10 | $210 | +$10 |
| Oklahoma | $100 | $25 | $275 | +$75 |
| Texas | $300 | $0 | $450 | +$250 |
| Arizona | $50 | $0 | $200 | Same |
| Utah | $54 | $18 | $222 | +$22 |
Frequently Asked Questions: New Mexico LLC
How much does it cost to start an LLC in New Mexico?
The state filing fee for an LLC in New Mexico is $50. Including a registered agent service (~$150/yr) and any annual report fees ($0), expect total first-year costs of approximately $200.
How long does it take to form an LLC in New Mexico?
Standard processing in New Mexico takes 5-10 business days. Expedited processing is available for an additional $100 and takes 24 hours.
Does New Mexico require a registered agent?
Yes, New Mexico requires all LLCs to maintain a registered agent with a physical address in the state. Professional registered agent services typically cost $150/year.
What are the annual costs of an LLC in New Mexico?
Annual LLC costs in New Mexico include the annual report/franchise tax fee of $0 and registered agent fees of approximately $150/year, for a total of about $150 per year after formation.
Can I be my own registered agent in New Mexico?
Yes, you can serve as your own registered agent in New Mexico as long as you have a physical street address in the state and are available during business hours to accept legal documents.