New Mexico LLC
annual compliance

New Mexico is a no-annual-report state

New Mexico is one of the handful of U.S. states that does not require LLCs to file an annual report with the Secretary of State. Once your New Mexico LLC is formed, there is no recurring Secretary-of-State-side filing to keep it alive.

This is unusual and it's a real reason some founders choose New Mexico as a home state: one-time formation cost, no annual renewal fee, no late-fee risk for missing a report.

What you still owe

No annual report doesn't mean no obligations. Every New Mexico LLC still has:

• Federal tax filings. Single-member LLCs file as part of the owner's personal return (Schedule C or similar). Multi-member LLCs file Form 1065 as a partnership. Elections to be taxed as S-corp or C-corp change this.
• New Mexico state tax obligations. No annual report required. No franchise tax. Online filing now mandatory as of December 2024 (paper no longer accepted). One of the most affordable and maintenance-free states for LLCs.
• Federal and state employment filings if you have employees.
• Registered agent maintenance. The New Mexico registered agent must remain current. If the agent resigns or address changes, you have to update the New Mexico Secretary of State.

How we help

Your first year of registered agent service is included in the $299 formation fee. After that, renewal is $119/year, opt-in — we don't auto-charge and we don't store payment information between years. If New Mexico sends anything — tax notices, any follow-up correspondence — it comes to our Santa Fe office and gets forwarded to you within the hour.

What's included in the $299 flat fee