What an LLC costs in New Mexico (2026)

Forming an LLC in New Mexico costs $50. After that the state charges no yearly report fee.

Cost	Amount	When
Articles of Organization	$50	Once, to form	nmonesource.com
None	No yearly report fee	No report required	sos.nm.gov

What else an LLC owner pays

The fees above are what the state charges the LLC. The bigger cost is tax on the profit: a single-member LLC pays the same income tax and self-employment tax as a sole proprietor. At $100,000 of profit that comes to $25,588 a year in New Mexico, fees included. An S corp election can lower it: LLC vs S corp in New Mexico.

New Mexico LLCs file no annual or biennial report. Filing is online only through the SOS business portal.

Questions

How much does it cost to start an LLC in New Mexico?

$50 to file the Articles of Organization.

How much does an LLC cost per year in New Mexico?

No yearly report fee.

When is the New Mexico LLC report due?

No report required.

Does an LLC pay New Mexico income tax?

Not by itself, in most cases: a single-member LLC's profit is taxed on the owner's return. New Mexico taxes personal income in 6 brackets, from 1.5% to 5.9% (2026, single filer).

Other states