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New Mexico state guide · FAQ

New Mexico LLC
questions, answered

Ten questions we get most often about forming an LLC in New Mexico — with straight answers, not hedged ones.

State filing fee$50
Typical approval1–3 business days
Annual reportNot required
Single-memberAllowed

The ten we get asked most

How long does it take to form a New Mexico LLC?

1–3 business days for standard online processing through the New Mexico Secretary of State. Once the LLC is approved, we obtain the EIN the same day and deliver your bank-ready packet within a day or two after that.

What does it cost to form an LLC in New Mexico?

Our service is $299 flat. New Mexico's state filing fee is $50, paid directly to the New Mexico Secretary of State. First-year total is $349, with no upsells and no tiered pricing.

Do I have to live in New Mexico to form a New Mexico LLC?

No. New Mexico allows non-residents to form and own LLCs in the state. You do need a New Mexico registered agent — that's included in the $299 for the first year. Our Santa Fe office serves as the agent of record.

Can a single person own a New Mexico LLC?

Yes. New Mexico allows single-member LLCs, which the IRS treats as disregarded entities by default — meaning the LLC's income flows through to the owner's personal tax return.

What's included in your $299 flat fee?

Four things: your New Mexico Articles of Organization filed by a formation specialist, federal EIN obtained from the IRS, a custom operating agreement drafted to your actual ownership structure, and one year of registered agent service in New Mexico. No hidden costs, no tiered pricing.

What's the annual requirement for a New Mexico LLC?

New Mexico does not require an annual report for LLCs. Once formed, there is no recurring filing with the New Mexico Secretary of State to keep the LLC alive. You still have federal tax obligations, and any state income or franchise tax obligations that may apply.

Do I need a registered agent in New Mexico?

Yes, New Mexico law requires every LLC to maintain a registered agent with a physical address in the state to receive service of process and official correspondence. Our Santa Fe office serves as your registered agent for the first year as part of the $299.

Can I change the registered agent later?

Yes. After the first year you can renew our service at $119/year, or designate yourself, an employee, or another agent by filing a change-of-agent form with the New Mexico Secretary of State. The state typically charges a small fee for the change.

Will I get an operating agreement I can actually use at a bank?

Yes. Our operating agreements are drafted to your actual ownership structure — member names, percentages, voting rights, profit allocations — not a fill-in-the-blank template. Every major U.S. bank accepts them for business account opening.

Are there any New Mexico-specific tax or compliance notes?

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.

What's included in the $299 flat fee

State filingArticles of Organization, by a formation specialist
EIN includedFederal tax ID, issued by the IRS after approval
Operating agreementDrafted to your ownership structure — not a template
Registered agentOne year included in New Mexico, Santa Fe on file
Ready to form in New Mexico?

$299 flat, plus New Mexico's $50 state fee.

Reservation takes three minutes. A formation specialist in Santa Fe handles the rest.

Start your New Mexico filing