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How to Start an LLC in New Mexico
Forming an LLC in New Mexico costs $50 in state filing fees. Here are the five steps, the ongoing costs, and the official links.
1Step 1: Choose your LLC name
Your name must be distinguishable from existing New Mexico entities and include "LLC" or "Limited Liability Company". Search the New Mexico business records before filing.
2Step 2: Appoint a registered agent
You need a registered agent with a physical street address in New Mexico who can accept legal mail during business hours. If you don't live there, or want to keep your home address off public records, use a commercial agent. See our service comparison.
3Step 3: File your formation document
File with the state for $50. Most states accept online filings, which are usually the fastest. Prefer someone else to handle it?
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4Step 4: Write an operating agreement
Most states don't require you to file one, but banks often ask for it, and it protects your liability shield, especially for multi-member LLCs.
5Step 5: Get an EIN from the IRS
An EIN is free from the IRS. Read our EIN guide.
Staying compliant in New Mexico
No annual report for LLCs. Due: None. See the full New Mexico LLC cost breakdown.
FAQ
How much does it cost to start an LLC in New Mexico?
The New Mexico state filing fee is $50. Ongoing: No annual report for LLCs.
Do I need a registered agent in New Mexico?
Yes. Every New Mexico LLC must keep a registered agent with a physical address in New Mexico. You can be your own agent if you live there, or hire a commercial registered agent.
When is the New Mexico LLC annual report due?
None.
Last updated 2026-10-11.