Free Online Calculator
New Mexico LLC Annual Tax & Fee Calculator
Calculate your total costs for forming and maintaining an LLC in New Mexico. Very low filing fee ($50).
Need Registered Agent Service?
Required if no NM address
First Year Total
$50
One-Time Formation Costs
Annual Fees
No annual fee required in New Mexico
Very Low Ongoing Costs
New Mexico has some of the lowest LLC maintenance costs. Great choice for budget-conscious business owners.
New Mexico LLC Key Facts
Important information for New Mexico LLC owners
Very low filing fee ($50)
No annual fee or report
Strong privacy protections
Simplest LLC maintenance
New Mexico LLC Deadlines & Due Dates
Important dates for New Mexico LLC compliance
Annual Tax Due
April 15 (if applicable)
Annual Report
N/A (no annual report required)
Processing Time
3-5 business days
New Mexico LLC Forms
Required forms for New Mexico LLC compliance
New Mexico LLC FAQ
Common questions about New Mexico LLC taxes and fees
LLC Formation and Annual Costs in New Mexico (2026)
Forming an LLC in New Mexico requires a $50 filing fee paid to the New Mexico Secretary of State. New Mexico does not require an annual report or fee, making it one of the simplest states for ongoing LLC maintenance.
| Fee Type | Amount | Frequency |
|---|---|---|
| Articles of Organization (filing fee) | $50 | One-time |
| Annual Report | Not required | N/A |
| Registered Agent (optional, if using service) | $125/year | Yearly |
Your total first-year cost (filing fee + annual fee) is approximately $50. Ongoing costs are minimal ongoing costs.
New Mexico LLC Compliance Requirements
Maintaining your New Mexico LLC in good standing requires meeting several compliance obligations.
Annual Report: New Mexico does not require LLCs to file an annual report, which simplifies ongoing compliance.
Registered Agent: Every New Mexico LLC must maintain a registered agent with a physical address in the state. The registered agent receives legal and tax documents on behalf of the LLC. You can serve as your own registered agent or hire a professional service (typically $125/year).
Operating Agreement: While New Mexico does not legally require an operating agreement, having one is strongly recommended. It defines ownership structure, member roles, profit-sharing, and management procedures for your LLC.
EIN (Employer Identification Number): All LLCs with more than one member, or that have employees, need an EIN from the IRS. Single-member LLCs without employees can use their Social Security number but obtaining an EIN is still recommended for banking and tax purposes. Applying is free through the IRS website.
Tax Treatment of New Mexico LLCs
New Mexico LLCs are classified as pass-through entities for federal tax purposes. A single-member LLC is treated as a disregarded entity (reported on Schedule C of the owner's personal return), while a multi-member LLC is taxed as a partnership (filing Form 1065 with K-1s issued to each member).
New Mexico taxes LLC income at personal income tax rates ranging from 1.7% to 5.9%. LLC profits pass through to members and are reported on their personal New Mexico tax returns. With no annual fee, no annual report, and moderate tax rates, New Mexico offers strong value for LLC owners.
S-Corp Election: New Mexico LLCs can elect S-Corp tax status by filing IRS Form 2553. This can reduce self-employment taxes for profitable LLCs by splitting income between a reasonable salary (subject to payroll taxes) and distributions (not subject to SE tax). This election is typically beneficial when your LLC consistently earns over $40,000-$50,000 in annual profit.
Official New Mexico Resources
- New Mexico Secretary of State
Business filings
- New Mexico Taxation & Revenue
Tax information
Fees are subject to change. This calculator provides estimates based on current New Mexico law. Consult with a tax professional or attorney for advice specific to your situation. Fee information accurate as of January 12, 2026.