🛸How to Start an LLC in New Mexico (Step-by-Step for 2025)
Learn how to start an LLC in New Mexico in 2025. Step-by-step breakdown of forming an NM LLC, filing Articles of Organization, appointing a registered agent, and more.
🤔Why Start an LLC in New Mexico?
Forming a New Mexico LLC offers entrepreneurs liability protection, no annual reporting requirements, and a strong layer of privacy. New Mexico is one of the few states that does not require LLC owners to disclose their identity publicly.
| Benefit | Description |
|---|---|
| 🕵️ Anonymous Ownership | New Mexico does not require you to list owners (members/managers) in public records. This ensures maximum privacy. |
| 💸 Low Filing Fee | At just $50, it’s one of the cheapest states to form an LLC. |
| 🚫 No Annual Reports | Unlike most states, NM does not require annual reports or annual fees, saving you money each year. |
| 🧾 No State LLC Tax | NM has no franchise or state-level LLC tax, making it ideal for tax savings. |
| 🌎 No Residency Requirement | Anyone (including non-residents and foreigners) can form a New Mexico LLC. |
| 📈 Ideal for Online Businesses | Because of the privacy, low cost, and easy filing process, it’s perfect for e-commerce or remote companies. |
🧭 Step-by-Step Guide to Forming an LLC in New Mexico
1. 🏷️ Name Your New Mexico LLC
Your LLC name must:
Must include “Limited Liability Company,” “LLC,” or “L.L.C.”
Must be distinguishable from existing business names
Check name availability via the NM Secretary of State Business Search
Optional: Reserve your LLC name for 120 days with a $20 Name Reservation application.
2. 🧑💼 Appoint a Registered Agent in New Mexico
Your New Mexico LLC must have a registered agent with a physical street address in NM.
Eligible agents:
New Mexico resident
Business entity authorized to operate in NM
Must be available during normal business hours
3. 📝 File the Articles of Organization
To legally establish your New Mexico LLC, file the Articles of Organization online with the NM Secretary of State.
Filing Fee: $50
File Online: New Mexico Secretary of State Business Portal
Processing Time: Typically 1–3 business days
4. 📄 Create an Operating Agreement
Though not required, an operating agreement is recommended for defining LLC structure, roles, and procedures.
Benefits:
Helps avoid internal disputes
Required by some banks and lenders
Clarifies profit distributions and responsibilities
we offer free templates for both member-managed and manager-managed LLCs.
5. 🆔 Get an EIN from the IRS
Your LLC needs an EIN (Employer Identification Number) from the IRS to:
Open a business bank account
Hire employees
Pay federal taxes
💵 Free from the IRS website
6. 🧾 Obtain Necessary Business Licenses
While New Mexico does not require a statewide general business license, you may need local or industry-specific licenses, such as:
Albuquerque Business Registration
State professional licenses (e.g., real estate, construction)
NM Gross Receipts Tax Permit (for selling goods/services)
Register via the New Mexico Taxation and Revenue Department
7. 💼 Open a Business Bank Account
Keep personal and business finances separate. You’ll need:
EIN
Certificate of Formation
Operating Agreement
8. 📆 Annual Reports — Not Required in NM!
One of the biggest perks of forming a New Mexico LLC is that you’re not required to file an annual report. This saves you time and money every year.
🔍 People Also Ask
How much does it cost to start an LLC in New Mexico?
It costs $50 to file the Articles of Organization with the New Mexico Secretary of State.
How long does it take to form an LLC in New Mexico?
Usually 1–3 business days if filed online.
💰 New Mexico LLC Formation Costs (2025)
| Document/Service | Cost |
|---|---|
| Articles of Organization | $50 |
| Registered Agent (annual) | $50–$150 |
| EIN | Free |
| Operating Agreement | Free (DIY) |
| Business Licenses | Varies by city/industry |
🏛️ NM Secretary of State Contact Info
Website: sos.nm.gov
Phone: (800) 477-3632
Address: 325 Don Gaspar, Suite 300, Santa Fe, NM 87501
Business Services Email: business.services@state.nm.us
❓ FAQs - New Mexico LLC
1. Do I need a registered agent for a New Mexico LLC?
Yes, all LLCs must have a registered agent with a physical address in the state.
2. Do New Mexico LLCs have to file annual reports?
No, New Mexico does not require annual reports for LLCs.
3. Is an EIN required?
Yes, especially if your LLC hires employees or opens a bank account.
4. Can I be my own registered agent in New Mexico?
Yes, if you live in the state and have a physical address (not a PO box).
5. Are there business license requirements in NM?
Yes, depending on your local jurisdiction and business type.
6. What are the advantages of a New Mexico LLC?
No annual report, low fees, strong privacy protections, and ease of formation.
7. Is an operating agreement mandatory in NM?
No, but it is strongly recommended
8. Do I need to publish a notice in a newspaper?
No, New Mexico has no publication requirement for LLCs.
About Us
We specialize in guiding individuals through the process of forming LLCs across all states, while also offering a range of comprehensive business services tailored to entrepreneurs.
Basics
Our Services
contact details
- support@tostartanllc.com
- +1 (646) 347-3833
- 1494 State St, Schenectady, NY 12304,
