New Mexico at a glance. The state fee is $50: 3 other jurisdictions charge less to form an LLC and 40 charge more. The yearly state cost is still to be confirmed.
What it costs to form an LLC in New Mexico
The state fee to form an LLC in New Mexico is $50. That is $75 less than Florida's $125. Set by statute (NMSA 53-19-63).
This is the amount charged by the state itself. It does not include a registered agent, a service company's fee, local business licenses or income taxes.
We could not confirm every figure for this state on an official page yet. Check the state's website before you file.
New Mexico annual report and yearly costs
We found no annual or biennial report requirement for New Mexico LLCs on the official pages we checked. Confirm the current rule with the New Mexico Secretary of State.
We could not confirm the yearly cost yet.
Corporation in New Mexico
The state fee to form a corporation in New Mexico is $100.
The fee in New Mexico depends on the number of authorized shares. $100 is the minimum: $1 per $1,000 of authorized shares, with a $100 floor. Coral Filings files every corporation with up to 500 authorized shares, the lowest state tier, so $100 is the price we start from. More shares cost more, and we tell you before filing.
- Annual report: An annual report is required every two years. We could not confirm the current fee: check the official page.
Coral Filings can form your New Mexico corporation, as a C-Corporation or with an S-Corporation election planned (you file IRS Form 2553 yourself, and individuals who are not US residents cannot own S-Corporation stock). Start your New Mexico corporation. Read what a C-Corp is and what an S-Corp is.
How to form an LLC in New Mexico, step by step
- Choose a name that follows New Mexico's rules and check that it is available in the state's business search.
- Appoint a registered agent with a physical street address in New Mexico. Coral Filings can act as yours.
- File the formation document with the state's filing office and pay the fee. Use the official portal linked below.
- Request an EIN from the IRS.
- Check New Mexico's website for any yearly report, so the LLC stays in good standing.
Let Coral Filings handle it
You can usually form an LLC in the state where you do business. Coral Filings can form your New Mexico LLC for you and act as your registered agent in New Mexico (or you can name your own). The state fee is charged at cost. Start your New Mexico LLC. We are not a law firm and do not give legal or tax advice.
Frequently asked questions
How much does it cost to form an LLC in New Mexico?
The state fee is $50. Registered agent, local licenses and service company fees are extra.
Does New Mexico require an annual report for an LLC?
We found no annual or biennial report requirement for New Mexico LLCs on the official pages we checked. Confirm the current rule with the New Mexico Secretary of State.
How much does it cost to form a corporation in New Mexico?
The state fee is $100, based on up to 500 authorized shares, the lowest state tier. More shares cost more.
Can I form an LLC in New Mexico if I live in another country?
In most states you can, as long as you have a registered agent with a physical address in the state. Coral Filings can act as your registered agent in the states it sells.
This page is general information, not legal or tax advice. For your specific situation, talk to a licensed attorney or CPA.