Is There an Annual Fee for an LLC in New Mexico?

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Cost of Forming an LLC in New Mexico:

  • To form an LLC in New Mexico, you must file Articles of Organization with the Secretary of State. This costs a one-time $50 filing fee.
  • The cost for an annual report filing is $50.

Additional Details for LLC Formation:

  • Choosing a company name is the first and most important step of forming an LLC in New Mexico. Be sure to choose a name that complies with New Mexico naming requirements and is easily searchable by potential clients.
  • If you are starting a business in New Mexico, you may be wondering how much it will cost to form an LLC. To start, you will need to choose a name for your business.

Recommendations for Newly Formed LLCs:

  • Once you set up an LLC in New Mexico, there are a few other essential details to handle. Here are some of the first things you should do to get your new LLC up and running:
    • Get an Employer Identification Number (EIN).
    • Create an Operating Agreement for Your LLC.

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