New Mexico

To form an LLC in New Mexico, you must file Articles of Organization with the Secretary of State. The state requires a $50 filing fee for this document, which must be submitted through the online filing portal. During the process, you must appoint a registered agent with a physical address in the state and ensure your business name meets statutory requirements, such as including a proper designator like LLC.

Regarding ongoing compliance, New Mexico is unique in that it does not require LLCs to file annual or biennial reports with the Secretary of State. While there are no recurring annual report fees, businesses must still fulfill state tax obligations, such as registering for gross receipts tax and filing a corporate franchise tax return if the entity is taxed as a corporation. Maintaining a registered agent remains a continuous requirement for staying in good standing.