Business Formation / LLC New Mexico

How Much Does It Cost to Start an LLC in New Mexico?

📝 Additional LLC Startup & Maintenance Costs

• Registered Agent
  You’re required to have one.

  • Acting as your own costs $0.

  • Hiring a professional typically runs between $100–$300/year (with some services starting lower or offering “first year free”) 

• Name Reservation (optional)
  If you want to reserve your LLC name before filing, it’s $20 and valid for up to 120 days 

• Certificate of Good Standing / Certified Copies (optional)
  Useful for opening bank accounts or official use:

  • Good Standing certificate: $25 

  • Certified copies: $25+, depending on pages 

• Operating Agreement (optional but recommended)
  DIY template: $0.
  Attorney-drafted: can be $50–$200+Expedited filing (if you use a formation service)
  If you hire a provider:

  • Standard state filing: $50

  • Rush option: additional $50–$100

  • Some services quote $51 plus up‑charge for rush filing 

📅 Annual Requirements & Fees

• Annual Report: New Mexico does not require annual reports or recurring state fees for LLCs 

• Registered Agent Fee: If outsourced, reoccurs annually (typically $100–$300).

• Business Licenses & Local Permits: Vary by industry and county—often range $35–$50/year 

• Taxes: LLCs may owe federal, state income, and New Mexico’s gross receipts tax (5.125%–up to ~9%) 

🧾 Summary Table

💡 Bottom Line

• DIY Formation: Expect to spend $50 upfront if you handle filing and agent duties yourself.

• With Registered Agent: Add around $100–$300/year.

• Optional Services (name reservation, documents, attorney help): Additional $20–a few hundred dollars.

• No annual state LLC fees or required reports—making New Mexico one of the most cost-effective states for LLC ownership.

🛑 What additional costs am I responsible for?

In addition to our fee, you will be potentially responsible for the costs of some or all of the items below if applicable.

1. Licenses 
   
2. Filing Fees
3. Reports
4. Name Reservations
5. Articles of Organization