New Mexico LLC Fees: Formation, Annual, and Closing Costs

New Mexico LLC fees start at $50 to file the articles of organization, and the state charges no annual report fee or franchise tax after that. Those two numbers do most of the work in any budget for a New Mexico LLC. The rest of the fee schedule only comes into play if you reserve a name, change something later, bring in a registered agent service, or eventually close the business.

What It Costs to Form the LLC

The Secretary of State charges $50 to file the articles of organization and issue your certificate of organization.¹ Filing is done through the Secretary of State’s online portal.² That single $50 payment is the only amount you owe the state to bring the LLC into existence.

If you want to lock in a business name before you’re ready to file the articles, a name reservation costs $20 and holds the name for 120 days.¹³ Transferring a reserved name to someone else is also $20. Most filers skip the reservation and simply check name availability through the portal before submitting the articles.

What You Pay Every Year

Nothing, to the state. The fee schedule in the LLC Act lists every fee the Secretary of State can collect, and no annual or biennial report fee appears in it.¹ New Mexico also charges no franchise tax on LLCs. That makes the long-term cost of keeping an LLC on the books unusually low compared with most states.

The one recurring cost that may apply is your registered agent. Every New Mexico LLC must keep a registered agent with a physical in-state address to receive lawsuits and official correspondence.⁴ If you serve as your own agent at a New Mexico street address, there’s no fee. A commercial registered agent service typically runs $35 to $250 per year depending on the provider.

Fees for Changes During the Life of the LLC

Most LLCs will touch one or two of these filings at some point.

Amending your articles of organization — for example, changing the LLC’s name or adding a manager provision — costs $50. The amendment form asks you to reference the specific article number from the original filing and give the new language.¹⁵
Changing your registered agent or registered office without amending the articles themselves uses a simpler statement of change, which costs $20. The same $20 applies when an agent files a change-of-address notice on their own behalf.
A certificate of good standing or any other certificate not covered by a specific fee costs $25. Written information about an LLC on file also costs $25.
A copy of a document from the state’s records costs $10, plus another $25 if you need it certified.

Fees for Closing or Restructuring

Filing articles of dissolution to close the LLC costs $25. Revoking a dissolution, if you change your mind, is also $25.¹ Walking away without filing dissolution leaves the LLC on the state’s records and can create complications later if you want to reuse the name or form a new entity.

If your LLC merges with another entity, converts to a different business structure, or consolidates with another company, the filing fee is $100.

Fees for Out-of-State LLCs Doing Business in New Mexico

An LLC formed in another state that wants to do business in New Mexico registers as a foreign LLC. Registration is $100, an amendment to that registration is $50, and canceling the registration when you stop doing business in the state is $25.¹ These fees are separate from the domestic formation fees and only apply if your LLC was formed elsewhere.

Tax Registrations You’ll Also Need

Neither of the required tax IDs costs anything, but you need both before operating.

A federal Employer Identification Number from the IRS is required for most LLCs to file taxes, open a business bank account, or hire employees. Applying through irs.gov is free. The IRS never charges for an EIN, so be cautious of third-party sites that do.⁶

You also need a New Mexico Business Tax Identification Number (BTIN) from the Taxation and Revenue Department. The BTIN is used for the state’s gross receipts tax, which works similarly to a sales tax. You’ll need your federal EIN and your Secretary of State registration number before applying.⁷

Complete Fee Reference

Articles of organization: $50
Amended or restated articles: $50
Merger, conversion, or consolidation: $100
Dissolution or revocation of dissolution: $25
Certificate (good standing or other): $25
Written information on an LLC: $25
Document copy from state records: $10 (plus $25 for certification)
Name reservation or transfer: $20
Statement of change (registered agent or office): $20
Foreign LLC registration: $100
Foreign LLC registration amendment: $50
Foreign LLC cancellation: $25

1
Justia. New Mexico Code 53-19-63 – Filing, Service and Copying Fees
2
Secretary of State. New Mexico Secretary of State Online Filing Portal
3
Justia. New Mexico Code 53-19-4 – Reservation of Name
4
Justia. New Mexico Code 53-19-5 – Registered Office and Registered Agent
5
New Mexico Secretary of State. Domestic Limited Liability Company Amendment Application
6
Internal Revenue Service. Get an Employer Identification Number
7
biz.nm.gov. Obtain Tax ID Numbers and Register a Business