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The cost to start an LLC (limited liability company) online in New Mexico is $50. This fee is paid to the New Mexico Secretary of State when filing the LLC's Articles of Organization.
Although fees vary by state when it comes to forming an LLC and keeping it in compliance, New Mexico is considered one of the best states to form an LLC in. This is because there is no annual fee.
Online filings: In total, online filings for New Mexico LLCs take 1-3 business days. Since you can download your documents as soon as they're approved, there is no extra transit time. What is LLC approval time? This is the total turnaround time to get your LLC approved from start to finish.
Unlike most other states, New Mexico does not require LLCs to file annual reports. However, New Mexico does require LLCs to file an Income and Information Return for Pass-Through Entities (PTE). You can download a copy of the required form from the website for New Mexico Taxation and Revenue Department (TRD).
How much does it cost to form an LLC in New Mexico? The New Mexico Secretary of State charges a $50 fee to file the Articles of Organization. You can reserve your LLC name with the New Mexico SOS for $20.
Kentucky has the lowest LLC formation cost at $40 per LLC while Massachusetts is the most expensive at $500 per LLC.
An LLC operating agreement is not required in New Mexico, but is highly advisable. This is an internal document that establishes how your LLC will be run. It sets out the rights and responsibilities of the members and managers, including how the LLC will be managed.
In New Mexico, Articles of Organization must be filed online and take between 1-3 business days to process. We'll take you through the steps needed to get your LLC up and running.
Requirements for the Articles of Organization The information required in the formation document varies by state. New Mexico's requirements include: Registered agent. LLCs must list the name and address of a registered agent with a physical address (no post office boxes) in New Mexico.
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.