Form a New Mexico LLC
New Mexico LLC yearly costs 2026

New Mexico LLC annual report: there isn't one, and here's what still is

Updated 12 November 2026NMSA 1978, chapter 53, article 19About 7 minutes to read
The short answer

A New Mexico LLC files no annual report and pays the state nothing after the US$50 formation fee, unless it chooses to be taxed as a corporation.

What it must keep is a registered agent in New Mexico, every day. Lose the agent for 30 days and the state can revoke the LLC. With us that's US$69 a year, the whole yearly cost.

See what I still owe The 30 day rule
After the first day $0 owed to New Mexico each year by most LLCs No report, no list, no licence renewal. The only yearly bill is your agent's.

Search for a New Mexico LLC annual report and you'll find instructions for filing one, a corporation's deadline and at least one answer saying it's required. None of that applies to you. Here's what New Mexico's LLC law actually asks for each year, what the IRS asks for, and the single mistake that can cost you the company.

Key takeaways

  • New Mexico LLCs have no annual report and no yearly state fee.
  • The exception: an LLC taxed as a corporation pays a US$50 franchise tax each year.
  • A registered agent with a New Mexico street address is required every day.
  • 30 days without an agent, or without reporting an agent change, can get the LLC revoked.
  • A revoked LLC can be reinstated within two years.
  • Federal filings still apply. With Heirson: US$69 a year, or US$248 with Form 5472.
Chapter 1

Does a New Mexico LLC file an annual report? What the law says

0

Article 19 of chapter 53, the Limited Liability Company Act, is New Mexico's own LLC law from 1993. It sets out how to form, change, merge and dissolve an LLC, and has no section on yearly reports. Bills to add one, or to put members' names in the articles, have come up and not passed. These are the claims you'll meet, next to what the law says.

You'll readNew Mexico LLCs must file an annual report even with no activity.

The lawNo report exists for LLCs. Corporations file initial and annual reports under a different article.

You'll readFile your initial report within 30 days.

The lawThat's a corporation's duty. An LLC's articles are its only required filing.

You'll readA New Mexico LLC has no yearly cost at all.

The lawNo state fee, but the registered agent is a paid service, and a corporation-taxed LLC owes US$50 franchise tax.

You'll readNo names are on the record.

The lawMembers and managers are optional, but the signer of the articles and the principal address appear.

1
Key takeaway

No annual report for an LLC. If a reminder says otherwise, it's selling a filing.

Chapter 2

What a New Mexico LLC still owes every year

"No annual report" doesn't mean nothing happens in a year. What's left depends on how the LLC is taxed, which decides whether New Mexico's corporate income and franchise tax or its pass-through entity rules apply, and whether it actually does business in New Mexico. For one owner abroad, the IRS adds Form 5472. Answer two questions.

How is the LLC taxed?
Business in New Mexico itself?
    2
    Key takeaway

    For one owner abroad with no New Mexico business: the agent and Form 5472. That's the list.

    Chapter 3

    The registered agent: the one way a New Mexico LLC gets revoked

    30

    With no report to forget, New Mexico checks on its LLCs through one channel: the registered agent, who receives court papers and state notices for the company. If that channel goes dead, the law gives you a month.

    1. Every dayAn agent with a New Mexico street addressA resident person or a company authorised in the state. The LLC can't be its own agent.
    2. Day 0The agent resigns, closes or movesAgent services end when an invoice goes unpaid, and the notice often goes to an inbox nobody reads.
    3. Within 30 daysStatement of change, US$20Names the new agent or office. Filed online with the Secretary of State.
    4. After 30 daysGrounds for revocationMissing agent, or a change not reported, lets the state revoke the articles.
    5. Two years after revocationReinstatement endsPast this, the LLC can't be brought back.

    The rule is NMSA 53-19-66.1. It's the reason the US$69 matters more than its size suggests: the agent fee is what keeps a free-to-keep state free.

    3
    Key takeaway

    Never let the agent lapse. If it changes, report it within 30 days.

    Chapter 4

    Revoked New Mexico LLC: the two-year reinstatement window

    Y1Y2

    Revocation in New Mexico isn't the end straight away. NMSA 53-19-66.2 allows reinstatement for two years, and once granted it counts back to the date of revocation, so the LLC is treated as never having stopped. Enter the revocation date from the state's notice or the business record.

    To come back, the cause has to be fixed first: a registered agent in place and its acceptance on file. The Secretary of State's filing system adds a reinstatement fee for revoked entities, shown when you file; we quote the whole job before starting. Filing is online only, through the Secretary of State business services.

    4
    Key takeaway

    Two years from revocation to reinstate, with the gap erased once you do.

    Chapter 5

    New Mexico LLC yearly cost with Heirson

    A New Mexico LLC with Heirson, each year2027
    Annual report or yearly fee to New MexicoUS$0.00
    Registered agent, state notices, remindersUS$69.00
    Your yearly totalUS$69.00
    Where you live: pick it
    Agent onlyUS$69For an LLC whose owner files the federal forms
    Agent and Form 5472US$248We prepare and fax Form 5472 with the pro forma 1120 by 15 April

    5
    Key takeaway

    US$69 is the whole state-side cost of keeping the LLC.

    Chapter 6

    When New Mexico does charge a fee

    20

    The state charges for changes and paperwork, never for simply existing. All amounts are fixed in NMSA 53-19-63.

    Filing or paperState feeTypical reason
    Statement of change of agent or officeUS$20Switching your agent to us
    Amended or restated articlesUS$50A new name, or becoming manager-managed
    Certificate of good standingUS$25A bank or payment firm abroad asks for one
    Copy of a filed documentUS$10Plus US$25 to have it certified
    Articles of dissolutionUS$25Closing the LLC properly
    Franchise tax, corporation-taxed LLC onlyUS$50 a yearPaid to the Taxation and Revenue Department on Form CIT-1
    6
    Key takeaway

    Fees start at US$10 and only when you ask for something.

    Chapter 7

    New Mexico LLC yearly costs: questions, answered

    ?
    Does a New Mexico LLC have to file an annual report?
    No. The New Mexico Limited Liability Company Act has no annual or biennial report for LLCs, and nothing passed in 2025 or 2026 added one. The annual reports on the Secretary of State's system are for corporations.
    Is there a yearly state fee for a New Mexico LLC?
    Not for an LLC taxed as a disregarded entity or a partnership: the state's only charge is the US$50 to form it. An LLC that elects to be taxed as a corporation pays New Mexico's US$50 franchise tax every year, even with no New Mexico business.
    What does a New Mexico LLC still have to do every year?
    Keep a registered agent with a New Mexico street address every day, file a statement of change within 30 days if the agent or office changes, and meet its federal filings, such as Form 5472 for an LLC with one owner abroad.
    What happens if my New Mexico registered agent quits?
    You have 30 days to appoint a new one by filing a statement of change, a US$20 state fee. After 30 days without an agent the Secretary of State can revoke the LLC's articles.
    Can a revoked New Mexico LLC be reinstated?
    Yes, within two years of the revocation. Reinstatement relates back to the revocation date, so the LLC continues as if it had never been revoked. After two years the statute no longer allows it.
    Does a New Mexico LLC owned from abroad pay gross receipts tax?
    Not on our reading of the Taxation and Revenue Department's nexus rules, if it has no people, property or services in New Mexico and less than US$100,000 of New Mexico sales in the previous calendar year.
    Are the owners of a New Mexico LLC public?
    The articles don't have to name members or managers, and no yearly report adds them later. The person who signs the articles is named, and the principal address is on the record. Our New Mexico business search guide explains each field of that record.
    What does Heirson charge each year for a New Mexico LLC?
    US$69 a year for the registered agent, state notices passed on and renewal reminders. New Mexico adds nothing. With Form 5472 filed by us it's US$248 a year.

    Comparing states by what they cost to keep? See Wyoming annual report and fees, Florida annual report and fees and Nevada annual list and fees, or the US LLC overview.

    Changelog

    • 12 November 2026: first published.
    • 13 November 2026: official sources linked inside the text.
    Your New Mexico LLC

    Nothing to file. One thing to keep.

    We stay your registered agent and pass on every state notice, for US$69 a year.

    See the New Mexico LLC Switch my agent to Heirson