How Much Does It Cost to Start an LLC in New Mexico?
The cost to start an LLC (limited liability company) online in New Mexico is $50. This fee is paid to the New Mexico Secretary of State when filing the LLC’s Articles of Organization.
We recommend Northwest ($29 + State Fees) to help form your LLC.
How Much Does an LLC Cost in New Mexico?
New Mexico LLC Online Filing Fee: $50
The main cost to start an LLC in New Mexico is the $50 fee to file your LLC's Articles of Organization online with the New Mexico Secretary of State.
For a look at LLC costs in every state, read our other Cost to Start an LLC and How to Form an LLC guides.
Cost to Form a Foreign LLC in New Mexico
If you already have an LLC that is registered in another state and you’d like to expand your business into New Mexico, you’ll need to register your LLC as a foreign LLC in New Mexico.
The cost for registering a New Mexico foreign LLC is $100. You can register a foreign LLC in New Mexico by filing an Foreign Limited Liability Company Application for Registration.
Optional LLC Formation Costs
There are optional fees associated with LLC formation:
LLC Name Reservation
Reserve your name for up to 120 days prior to LLC formation by filing an Application for Reservation of a Domestic Limited Liability Company Name and paying the $20 filing fee.
Foreign LLC Name Reservation
Foreign LLCs can reserve their names for up to 12 months prior to LLC formation by filing an Application for Reservation of a Foreign Limited Liability Company Name and paying the $40 filing fee.
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New Mexico LLC Annual Fees
Establishing and maintaining a limited liability company (LLC) in New Mexico comes with ongoing costs that should be considered to manage your LLC's finances effectively:
- Registered Agent Service: Should you choose to hire a third-party commercial registered agent for your New Mexico LLC, expect to pay upwards of $200 each year. Alternatively, you can be your own registered agent for free.
Luckily, the state doesn’t have any annual compliance fees.
How to Register a New Mexico LLC Yourself
Forming an LLC in New Mexico is easy. Simply follow the steps outlined on this page.
Recommended: Using an LLC formation service like Northwest ($29 + State Fees) saves time and ensures compliance. Besides the low cost, we like their streamlined approach and excellent customer service
New Mexico LLC Cost FAQ
The primary cost to form an LLC in New Mexico is a $50 filing fee for the Articles of Organization. There may be additional costs associated with hiring a registered agent, depending on your specific business needs.
The Articles of Organization is a document that officially establishes your LLC in New Mexico. You can file this document with the Secretary of State online. The filing fee is $50.
Yes, having a registered agent is mandatory for your LLC in New Mexico. This person or business entity is responsible for receiving important legal documents on behalf of your LLC. Having a registered agent is crucial to ensuring your business complies with the state's legal requirements and handles important paperwork effectively.
Yes, in New Mexico, you must have your initial or new registered agent officially consent to their appointment by signing and uploading the acceptance form. This ensures they are aware of their responsibilities and willing to fulfill them.
Unlike some states, New Mexico does not have a provision for operating your LLC under a "doing business as" (DBA) name. Your LLC will need to operate under the official name under which it was registered.
In New Mexico, there are no requirements for LLCs to file an annual report.
Utilizing an LLC formation service in New Mexico can make the process of starting an LLC significantly easier. These services handle the paperwork, provide registered agent services, and ensure you meet all state compliance requirements. By using these services, you save time and can focus more on other aspects of your business.
You can check the availability of your desired LLC name in New Mexico using the Business Search tool provided by the state. This ensures that your chosen name is unique and not already in use by another business in the state.
A Certificate of Good Standing in New Mexico is a document that verifies your LLC is legally registered and compliant with all state requirements. This certificate may be necessary when applying for business loans or contracts, or when registering to do business in other states.
Article Sources
New Mexico Business Portal:
https://portal.sos.state.nm.us/BFS/online
IRS - Employer ID Numbers:
https://www.irs.gov/businesses/small-businesses-self-employed/employer-id-numbers
SBA - Apply for licenses and permits:
https://www.sba.gov/business-guide/launch-your-business/apply-licenses-permits
Chamber of Commerce - New Mexico Chamber of Commerce List:
https://www.officialusa.com/stateguides/chambers/New Mexico.html