Forming an LLC in New Mexico costs $50 to file with the state. There is no annual report to file. Cheap, anonymous, and no annual report - a popular privacy and low-maintenance option.
New Mexico LLC at a glance
| State filing fee | $50 |
| Processing time | ~1-3 weeks |
| Annual/biennial report | No annual report |
| Franchise / annual tax | None |
| State income tax | Yes |
| State sales tax | 4.875% (gross receipts) |
| Sales-tax economic nexus | $100,000 |
| Registered agent | Required (in-state address) |
| Publication requirement | No |
| Anonymous ownership | Allowed (members off public record) |
Research snapshot last checked 2026-07-21. Fees and deadlines change - confirm on the New Mexico Secretary of State and tax authority before filing.
Does New Mexico fit your situation?
New Mexico lets LLC members stay off the public record, which appeals to privacy-focused owners. It levies a state income tax. Cheap, anonymous, and no annual report - a popular privacy and low-maintenance option.
If you do not live or operate in New Mexico, remember that forming here while working elsewhere can create a second state registration (foreign qualification) and a second set of fees. For most non-residents the decision comes down to banking acceptance and total cost - see the best-state comparison.
Steps to form in New Mexico
- Check name availability and appoint a New Mexico registered agent.
- File the Articles of Organization ($50) with the state.
- Get an EIN from the IRS (Form SS-4 by fax or phone if you have no SSN).
- Confirm banking and payment eligibility for your residence country.
- Track federal deadlines - there is no state annual report.
Generate your New Mexico deadline calendar · Check your US tax obligations
Quick answers
Frequently asked questions
How much does an LLC cost in New Mexico?
The state filing fee is $50. There is no annual report. There is no separate franchise tax.
Does New Mexico require an annual report?
No. New Mexico does not require an LLC annual report, though you must keep a registered agent and any federal filings current.
Is New Mexico a good state for a non-resident LLC?
New Mexico allows anonymous ownership. Cheap, anonymous, and no annual report - a popular privacy and low-maintenance option. Base the decision on where you actually operate, banking acceptance and total cost, not only the filing fee.