Forming an LLC in New Mexico

Fee data reviewed October 10, 2026 · General information, not legal or tax advice

New Mexico has the lowest filing fee of the three states we list and no state annual report fee in our data. Confirm both with the state before you order.

Yearly obligations

No state annual report (confirm with the state).

Good fit if

• You want the lowest upfront and yearly state cost.
• You are a solo owner with a simple setup and no investor requirements.

Probably not the right fit if

• Investors or partners expect Delaware.
• You operate mainly from another U.S. state that would also require registration.

Things to watch

• Confirm the current filing fee and annual report rules at the New Mexico Secretary of State.
• If you do business in New Mexico, check state tax registration with the New Mexico Taxation and Revenue Department.
• A registered agent with a New Mexico address is required.