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. Our formation service is $199, which includes the state fee, registered agent for the first year, operating agreement, and EIN assistance.
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 provide this service — first year included with formation, $99/year after that.
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 is included when you form through us.
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. Our formation package includes a customizable operating agreement template.
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. Our formation package includes EIN application assistance to walk you through it.
What's included in your $199 formation package?
Everything you need to form your New Mexico LLC: Articles of Organization preparation and filing, $50 state fee paid to the New Mexico Secretary of State, first year of registered agent service, operating agreement template, EIN application assistance, and an online dashboard for document storage and compliance tracking.
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.