Llc Cost New Mexico
Description
How to fill out New Mexico Limited Liability Company LLC Operating Agreement?
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FAQ
New Mexico State Income Tax If your New Mexico LLC is taxed as a C-corp, each member will need to pay the corporate income tax of 4.8% on sales of $500,000 and below, or 5.9% on any sales above that. Each member will file Form CIT-1.
A New Mexico LLC is very easy to set up and provides the same asset protection as LLCs formed in other states, but for a lot less money. In addition, since New Mexico does not require the LLC's members and managers to be listed anywhere, forming in New Mexico will offer your business a great deal of privacy.
The total New Mexico LLC formation costs (the cost to create the LLC by filing the Articles of Organization) is $50. This LLC cost is the same for all New Mexico LLCs.
The good news is that New Mexico is one of the few states in the country that do not require LLCs to file annual reports. Furthermore, they do not require an annual fee like most states do.
New Mexico LLC Formation Filing Fee: $50 The fee to file your New Mexico LLC's Articles of Organization is $50. You must file with the New Mexico Secretary of State through the online Business Services Division portal.