2025 fees New Mexico Secretary of State Rank #4 of 51

LLC Costs in New Mexico (NM)

$175 all-in for your first year - $50 to file, no annual report, plus a registered agent. New Mexico is $208 (54%) cheaper than the national average for first-year LLC costs.

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New Mexico has no annual report requirement, making it one of the most affordable states to maintain an LLC. Popular for privacy-focused formations as it allows anonymous LLC structures.

Updated 2025 · Source: New Mexico Secretary of State

No recurring state report fee

No recurring state report fee. New Mexico does not charge a periodic LLC report fee; the first-year stack is filing + registered agent only.Forming an LLC in New Mexico costs about $175 in the first year, bottom-third of the 51-row book, about 54% below the national average, ranking #4 of 51. Fees are those published by the New Mexico Secretary of State; registered agent is a $125/yr market-rate line, not a vendor quote.

According to the New Mexico Secretary of State fee schedule; registered agent normalized at $125/yr. See methodology. How we calculate →

$50
One-time filing fee
Not required
Annual report
$175
First-year total
#4 of 51
Cost rank (1 = cheapest)

Published SOS fee schedule

Fee strip NM · New Mexico SOS FY 2026 · rank #4

New Mexico · $175 · file $50 · no pub

  • Y1 $50
  • Y1 No report
  • Y1 $175
  • Y1 #4/51
  • Y1 near Arizona
  • Y1 54% below avg

Cheap-third stack: stamps derive from this state's Secretary of State fee schedule, not a recommendation of where to form. Read with cheapest SOS stacks ranked → · All 51 SOS fee rows →

1. New Mexico$1752. Arizona$1753. Mississippi$1754. Missouri$1755. Kentucky$1806. Montana$180
First-year SOS-fee total for New Mexico and nearest-cost peers. Source: each Secretary of State + 51-row aggregate.

How the cheap-third $175 stack breaks down

How your $175 first-year total breaks down Registered agent is still the largest piece (71%) even though New Mexico sits in the cheaper third overall.
  • State filing fee $50
  • Registered agent $125
Cost Item Amount
State Filing Fee $50
No Annual Report Free
Registered Agent $125/yr
Expedited Filing (optional) $100
Total, First Year $175

Ongoing tax burden after formation

New Mexico's effective property tax rate of 0.70% sits roughly in the middle nationally, a moderate ongoing cost alongside the $175 formation fee above.

Corporate income tax
5.9%
5.9% corporate tax rate, #25 of 51 lowest nationally
Effective property tax rate
0.70%
Of assessed property value, per year

Sources: Tax Foundation state corporate tax rates, Census ACS effective property tax rates.

Fee check: No periodic report fee today; still verify current New Mexico SOS filing rules at https://portal.sos.state.nm.us. Not legal or tax advice.

New Mexico SOS fee strip (no report fee)

Filing Fee $50
Annual Report Not required
Processing Time 10-15 business days
Expedited $100 → Same business day
Online Filing Available
First-Year Total $175
File with New Mexico SOS

Similar Cost States

Arizona $175 Mississippi $175 Missouri $175 Kentucky $180

Read our methodology - how this data is sourced, computed, and verified. Report a data error on this page.

Sources used on this page
  • New Mexico Secretary of State - LLC filing fee, annual-report requirement, and processing time. portal.sos.state.nm.us
  • Federation of Tax Administrators - cross-check of state fee and tax figures. taxadmin.org
LLC fees and requirements sourced from the New Mexico Secretary of State. See our methodology for details.

Verify with the New Mexico Secretary of State →