New Mexico · NM
New Mexico LLC Formation Cost 2026
Filing fee $50 · Annual no report · Privacy 9/10 · Banking 6/10
The numbers
| Initial state filing fee | $50 |
|---|---|
| Annual report (none) | Not required |
| Franchise / privilege tax | None |
| State personal income tax (top) | 5.9% |
| State corporate income tax (top) | 5.9% |
| Publication required? | No |
| Standard processing time | 3 business days |
| Privacy score | 9/10 |
| Banking accessibility | 6/10 |
| 5-year total cost | $300 |
Why people choose New Mexico
- No annual report
- Anonymous LLC native
- Lowest total cost
Trade-offs to know
- Smaller banking ecosystem
Who New Mexico is best for
- Anonymous holding LLCs
- Cost minimization
No annual report or franchise tax. Members not on public record.
- New Mexico Secretary of State / business division
- Fees last verified against the source: 2026-05-15
New Mexico vs the alternatives
| State | Filing | Recurring | State tax | Privacy |
|---|---|---|---|---|
| New Mexico | $50 | $0/yr | 5.9% | 9/10 |
| Wyoming | $100 | $62/yr | 0% | 9/10 |
| Delaware | $110 | $300/yr | 6.6% | 7/10 |
How to form an LLC in New Mexico (general steps)
- Choose a unique name ending in "LLC" or "Limited Liability Company". Check name availability with the New Mexico Secretary of State.
- Appoint a registered agent with a physical New Mexico address.
- File Articles of Organization ($50) with the New Mexico Secretary of State.
- Draft an Operating Agreement — most states do not require filing but strongly recommend having one.
- Obtain an EIN from the IRS (free online with SSN/ITIN).
- File the FinCEN BOI report within 90 days of formation (federal requirement).
Other commonly compared states
Frequently asked questions
How much does it cost to form an LLC in New Mexico?
The state filing fee is $50. New Mexico has no annual report requirement. Plus a registered agent (typically $25-$150/year).
Does New Mexico have a state income tax on LLCs?
New Mexico's top personal income tax rate is 5.9%. Pass-through LLC profits flow to your personal return at this rate.
What is the annual cost of maintaining a New Mexico LLC?
Excluding the first-year filing fee, the recurring cost is $50 (annual report + franchise minimum + $50 registered agent baseline). Five-year total ≈ $300.
Can a non-resident form an LLC in New Mexico?
Yes. Non-US residents can form an LLC in any state. However, banking, payment processing, and EIN acquisition vary in difficulty. New Mexico has moderate banking accessibility (6/10). See our non-resident guide for the full process.
Is New Mexico a good state for an anonymous LLC?
Yes — New Mexico has a privacy score of 9/10. Member and manager names are not required on public filings.
Deep-dive New Mexico guides
Interactive cost calculator for New Mexico
LLC Cost Calculator
Estimate the real cost of forming and maintaining an LLC across 51 US jurisdictions. Includes state filing, registered agent, annual report, franchise tax, and (where applicable) publication.
Year 1 breakdown — New Mexico
| State filing fee | $50 |
| Registered agent (yr 1) | $50 |
| Annual report fee | $0 |
| Franchise / privilege tax (minimum) | $0 |
| Year 1 total | $100 |
| Recurring (yr 2+) | $50/yr |
Avg. $60 / year — compares to 5-yr baseline $300.
What this calculator does NOT include
- Federal BOI report (free, but mandatory)
- EIN application (free with SSN/ITIN; some services charge $50-$300)
- Operating Agreement drafting
- State-level business licenses (industry-specific)
- Local city/county fees (varies by municipality)
- Foreign LLC registration if operating outside formation state
- Federal and state income tax on profits
Educational estimate only. Not legal or tax advice. Verify with a licensed CPA or attorney before filing.