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New Mexico does not require LLCs to file an annual report. New Mexico imposes a franchise tax on LLCs if they paid federal income tax. The franchise tax is filed along with the state income tax, and is due by the 15th day of the third month following the close of the tax year. The fee is $50.
Capital contributions are the money or other assets members give to the LLC in exchange for ownership interest. Members fund the LLC with initial capital contributions?these are usually recorded in the operating agreement. Additional capital contributions can be made at any time later on.
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.
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.
Advantages of New Mexico LLC Even better, the state does not require LLCs to file an annual report and pay yearly fees. New Mexico also has privacy policies that keep the personal information of business owners from the public through anonymous LLCs.
As per the New Mexico LLC Act, an Operating Agreement isn't required for an LLC in New Mexico. But while it's not required in New Mexico to conduct business, we strongly recommend having an Operating Agreement for your LLC.
New Mexico does not require LLCs to file an annual report. New Mexico imposes a franchise tax on LLCs if they paid federal income tax. The franchise tax is filed along with the state income tax, and is due by the 15th day of the third month following the close of the tax year. The fee is $50.
Starting an LLC in New Mexico will include the following steps: #1: Name Your New Mexico LLC. #2: Designate a Registered Agent. #3: File Your Articles of Organization. #4: Create an Operating Agreement. #5: Request the Necessary Tax Identification Numbers. #6: Fulfill Annual Obligations.