How to Start an LLC in New Mexico (2026)

Why Form an LLC in New Mexico?

New Mexico Articles cost $50 and domestic LLCs currently do not file a recurring SOS annual report. This does not eliminate agent/office maintenance, applicable taxes, permits, amendments or other filings and charges. Articles need not identify members/managers as such, but names or information voluntarily entered in public filings can appear online. An internal agreement is not the only ownership record, and a provider cannot guarantee complete anonymity.

• New Mexico Articles cost $50 and domestic LLCs currently do not file a recurring SOS annual report. This does not eliminate agent/office maintenance, applicable taxes, permits, amendments or other filings and charges. Articles need not identify members/managers as such, but names or information voluntarily entered in public filings can appear online. An internal agreement is not the only ownership record, and a provider cannot guarantee complete anonymity.
• New Mexico Articles cost $50 and domestic LLCs currently do not file a recurring SOS annual report. This does not eliminate agent/office maintenance, applicable taxes, permits, amendments or other filings and charges. Articles need not identify members/managers as such, but names or information voluntarily entered in public filings can appear online. An internal agreement is not the only ownership record, and a provider cannot guarantee complete anonymity.
• Low, one-time formation cost — just $50, with no expedite tiers or upsells baked into the state fee.
• No entity-level franchise tax — a default pass-through LLC owes no New Mexico income tax at the company level.
• Open to non-residents — no residency or citizenship requirement to form.

New Mexico Articles cost $50 and domestic LLCs currently do not file a recurring SOS annual report. This does not eliminate agent/office maintenance, applicable taxes, permits, amendments or other filings and charges. Articles need not identify members/managers as such, but names or information voluntarily entered in public filings can appear online. An internal agreement is not the only ownership record, and a provider cannot guarantee complete anonymity.

New Mexico LLC Cost Calculator

New Mexico's costs are about as simple as it gets. Toggle the options to see your one-time formation cost and your ongoing annual cost:

The 8 Steps to Start Your New Mexico LLC

Here's the full path from name to taxes. Each step has its own detailed guide with a tool to make it easier — the filing that legally creates your company is Step 3: Articles of Organization:

No Sales Tax — But There Is a Gross Receipts Tax

NM GRT is a tax on the business’s taxable gross receipts, with applicable exemptions/deductions and sourcing rules. For a business lacking physical presence, economic nexus includes at least $100,000 of taxable NM receipts in the previous calendar year; forming an NM LLC alone does not establish that receipts test. Physical-presence obligations are separate. TRD’s published FYI-105 reference range is 4.875%–10.8125%; use the current location code/rate map for the actual transaction, location and period rather than a fixed statewide rate. Service-sourcing exceptions and marketplace rules require separate review.

Federal default classification is separate from NM-source income and New Mexico entity obligations. Residents and nonresidents require different sourcing/residency analyses; a nonresident can owe NM tax on NM-source income. The federal return/classification determines the required NM PTE, S-Corp or other return. Nonresident-owner allocable income generally triggers entity withholding unless an applicable exception or properly paid elective entity-level tax covers that owner. Since 2023, withholding is reported on the applicable entity return. An annual entity-level election is made on that return, binds all owners and cannot be changed for that year by amendment; excluded owner categories still require separate treatment. The owner’s entity-tax credit is reported on RPD-41359 only for income on which the entity properly paid tax.

Current No-Report Rule and Public Filing Boundaries

New Mexico Articles cost $50 and domestic LLCs currently do not file a recurring SOS annual report. This does not eliminate agent/office maintenance, applicable taxes, permits, amendments or other filings and charges. Articles need not identify members/managers as such, but names or information voluntarily entered in public filings can appear online. An internal agreement is not the only ownership record, and a provider cannot guarantee complete anonymity. NM GRT is a tax on the business’s taxable gross receipts, with applicable exemptions/deductions and sourcing rules. For a business lacking physical presence, economic nexus includes at least $100,000 of taxable NM receipts in the previous calendar year; forming an NM LLC alone does not establish that receipts test. Physical-presence obligations are separate. TRD’s published FYI-105 reference range is 4.875%–10.8125%; use the current location code/rate map for the actual transaction, location and period rather than a fixed statewide rate. Service-sourcing exceptions and marketplace rules require separate review.

NM SOS business filing guidance.

About the Author

Ahmad Adil

Ahmad Adil is the founder and CEO of LLC School. For filing and ongoing compliance, confirm the requirements with the responsible state agency. This is educational information, not legal or tax advice.

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