New Mexico LLC — Frequently Asked Questions
How much does it cost to form an LLC in New Mexico?
The state filing fee to form an LLC in New Mexico is $50. That's one of the lowest LLC filing fees in the country. There's no recurring annual report fee on top of that. $199 covers exactly one job: getting your Articles prepared and filed. Total to launch: $199 + $50 = $249, plus an optional $99/yr registered agent service (renews at $119/yr). The state fee, registered agent service, EIN, and operating agreement are not included in the $199 price.
How long does it take to form an LLC in New Mexico?
Standard processing runs 1-3 business days. Expedited options are limited in New Mexico. We file on your behalf and notify you as soon as the New Mexico Secretary of State processes the formation.
Does New Mexico require an annual report for LLCs?
No. New Mexico does not require an annual report for standard LLCs. This is one of a small number of states with this rule. You still have federal tax obligations and must maintain a registered agent.
Do I need a registered agent for my New Mexico LLC?
Yes. Every LLC registered with the New Mexico Secretary of State is required to maintain a registered agent with a physical New Mexico address. This is true from the moment you file your formation documents and remains true for as long as the LLC exists. We offer this service at $99 per year as a standalone product, separate from formation.
Can I form an LLC in New Mexico if I live in another state?
Yes. You don't have to be a New Mexico resident to form a New Mexico LLC. You do, however, need a registered agent with a physical New Mexico address — which you can get from us for $99 a year (separate from formation).
Do I need an operating agreement for my New Mexico LLC?
New Mexico doesn't require you to file an operating agreement with the state, but you absolutely should have one. Banks require it to open a business account. Courts rely on it in disputes. Without one, New Mexico's default LLC rules apply — which may not match your intentions. An New Mexico-specific operating agreement template is available from us as a standalone add-on.
How do I get an EIN for my New Mexico LLC?
Apply directly on IRS.gov — it's free and takes about 10 minutes. You'll receive your EIN immediately after completing the online application. Never pay a third party for an EIN. We provide EIN application assistance as an optional, separately-priced service. The IRS doesn't charge for an EIN — apply at IRS.gov yourself if you prefer.
What's included in your formation service?
Our $199 service covers Articles of Organization preparation, review, and filing with the New Mexico Secretary of State. The $50 state filing fee is paid separately. Registered agent service, operating agreement, and EIN assistance are available as separate optional services.
Still Have Questions?
We're here to help. Reach out Monday through Friday and we'll answer any questions about forming an LLC in New Mexico or how our services work.