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New Mexico LLC Formation: A $50 LLC With No Annual Report
To form a New Mexico LLC, you file Articles of Organization with the Secretary of State and pay $50. There is no annual report and no yearly state fee after that. It is one of the cheapest states to keep an LLC, which is why many founders outside the US choose it.
Quick Facts
The state keeps things simple. You pay $50 once, and the state does not ask for an annual report after that. The only yearly cost most owners have is their registered agent. For a small online business, that makes it one of the lowest-cost states to run an LLC.
How to Form a New Mexico LLC in 5 Steps
- Choose a name. It must include “Limited Liability Company,” “LLC,” “L.L.C.” or a similar ending and be different from other names on file with the Secretary of State.
- Hire a registered agent. Your agent needs a physical address in New Mexico. If you live elsewhere, use a registered agent service.
- File Articles of Organization. File online through the Secretary of State’s Business Filing Portal and pay the $50 fee. You list the LLC name, registered agent and organizer. Member names are not required.
- Write an operating agreement. It is not filed with the state, but it proves who owns the LLC. Banks and payment platforms ask for it.
- Get your EIN. The EIN is free from the IRS. If you don’t have an SSN, we apply for you with Form SS-4.
New Mexico LLC Cost
These are New Mexico’s state costs. Our service fee is separate, and we confirm the full price before you pay.
| Item | State cost | When |
|---|---|---|
| Articles of Organization | $50 | Once, at formation |
| Annual report | $0 (not required) | Never |
| Registered agent | Paid service if you have no NM address | Every year |
| Gross receipts tax registration | Free | Only if you sell in the state |
No annual report does not mean no duties. A foreign-owned single-member LLC usually still files Form 5472 with the IRS every year, and your registered agent must stay active. If the agent resigns, the state can revoke your LLC.
Why International Founders Choose NM
- Lowest yearly cost: no annual report and no state LLC fee
- Privacy: members are not named in the Articles of Organization
- Simple online filing through the Business Filing Portal
- Works with US banks and platforms such as Mercury, Wise, Payoneer and Stripe
If you sell products into New Mexico, you may need to register with the state Taxation and Revenue Department for gross receipts tax. Most online sellers outside the state don’t need this. We check your case.
New Mexico vs Wyoming
| New Mexico | Wyoming | |
|---|---|---|
| State filing fee | $50 | $100 |
| Yearly state cost | $0 | $60 annual report (minimum) |
| Annual report | None | Yes |
| State income tax | Yes, on in-state income | None |
Both are popular with founders outside the US. New Mexico costs less each year, while Wyoming has no state income tax at all. If your LLC earns nothing in the state, the difference is usually small. We help you decide.
How LLCPronto Helps With Your New Mexico LLC
- Name check and Articles of Organization filing
- New Mexico registered agent address
- Operating agreement for your bank
- EIN from the IRS, even without an SSN
- Help opening Mercury, Wise, Payoneer and Stripe accounts
- Yearly Form 5472 reminders
Need it urgently? Our urgent service costs more, and we tell you the price upfront.
New Mexico LLC FAQs
How much does a New Mexico LLC cost?
The state fee is $50 to file the Articles of Organization. There is no annual report fee after that. Your main yearly cost is a registered agent.
Does a New Mexico LLC need an annual report?
No. The state does not require LLCs to file an annual report. You still need to keep a registered agent and meet federal IRS duties.
Can a non-US resident form a New Mexico LLC?
Yes. You don’t need to be a US citizen or live in the US. You need a registered agent in the state, and we get your EIN without an SSN.
Are New Mexico LLC owners kept private?
The state does not require member names in the Articles of Organization. The organizer and registered agent details are still public.
Is New Mexico or Wyoming better for an LLC?
New Mexico has lower yearly costs because there is no annual report. Wyoming has no state income tax. For most online sellers outside the US, both work well.
How long does it take to form a New Mexico LLC?
Online filings are often approved within a few business days. Processing times change, so we check the current time before we file.
Compare Other States
Sources checked September 2026: New Mexico Secretary of State · New Mexico LLC cost guide. State fees can change, so we confirm the current fee before we file.
Ready to Form Your New Mexico LLC?
Send us your LLC name on WhatsApp. We confirm the full cost, then file your Articles of Organization.