Form an LLC in New Mexico 2026 | $299 Total | USLLCGlobal
Form in New Mexico if you wish · Most founders pick a ready-made Wyoming LLC — the EIN already exists · Transfer within 24 hours
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Form an LLC in New Mexico — or skip the wait entirely

New Mexico is the cheapest, most private state to register an LLC: a $50 filing fee, $0/year, and no public owner list. You absolutely can form one here. But if you need to bank and take payments now, most founders are better served by a ready-made Wyoming LLC that already has its EIN and transfers into your name within 24 hours.

Browse ready-made companies → New Mexico vs ready-made
$50 state fee · $0 annual fees · 1–2 day processing · strongest privacy

Last updated: June 2026 · By USLLCGlobal Team

Map of the United States — New Mexico LLC formation
✓ $50 filing fee ✓ $0/year — no annual report ✓ Strongest privacy of any state ✓ 1–2 day standard processing ✓ No franchise tax
The best-kept secret in LLC formation

Why founders look at New Mexico

New Mexico is the state that most formation guides ignore. That's a mistake. For budget-conscious founders who want the lowest possible ongoing costs and maximum privacy, New Mexico is arguably the best state in the US to form an LLC.

The numbers speak for themselves: a $50 filing fee (one of the lowest in the country), zero annual fees, zero annual report requirements, and privacy protections that rival or exceed Wyoming. Over five years, a New Mexico LLC costs $50 in state fees. A Wyoming LLC costs $400. A Delaware LLC costs $1,590. New Mexico saves you $350–$1,540 over that period.

The trade-off is name recognition. Banks, payment processors and business partners are more familiar with Wyoming and Delaware. In practice this rarely causes issues — neobanks like Mercury and Relay accept New Mexico LLCs without extra scrutiny — but it's worth knowing.

New Mexico was one of the first states to adopt LLC legislation (1993) and has stayed consistently business-friendly. The Secretary of State office is efficient, processing is fast (1–2 business days), and there's no history of sudden fee hikes.

The honest version: forming in New Mexico still means filing Articles, waiting for approval, then applying to the IRS for an EIN — realistically two to four weeks before a bank or Stripe will fully onboard you. If speed matters more than the state on the certificate, a ready-made Wyoming LLC that already has its EIN gets you trading the same day. Compare both below.
Two routes, side by side

Form in New Mexico yourself vs. buy ready-made Wyoming

Both are legitimate. The right one depends on whether you value the lowest possible state cost — or being able to bank and trade today.

 Form a New Mexico LLC yourselfBuy ready-made Wyoming (USLLCGlobal)
State filing cost$50 — lowest in the USIncluded in price
Annual state cost$0/year — no annual reportLow Wyoming annual fee
Company existsAfter state approval (1–2 days)Already registered
EIN issuedApply after formation; 1 day–several weeks (non-residents 4–8 weeks)Already issued
Ready to bank & take payments2–4 weeks typicalWithin 24 hours
Paperwork on youArticles, EIN application, operating agreementNone — handed over signed
Owner privacyStrongest — no public member/manager listWyoming — no public owner list
State income tax1.7–5.9% on NM-sourced income onlyNone — Wyoming has no state income tax
If something goes wrongYou chase the state & IRSMoney-back guarantee

Bottom line: if your priority is the absolute cheapest entity to hold and you can wait a few weeks, New Mexico wins on raw cost. If your priority is to bank, connect Stripe and invoice now, a ready-made Wyoming LLC with its EIN already issued removes the wait. We can also register a brand-new LLC for you — in New Mexico if you specifically want it — for $549; just ask.

Need to start trading today?

Browse companies that already exist and already have their EIN. Pick one, verify, and it's yours within 24 hours.

Browse available companies → Register a new one for $549
Real numbers

New Mexico LLC costs and fees

All fees below are sourced from the New Mexico Secretary of State website.

FeeAmountWhen due
Articles of Organization$50One-time (at formation)
Annual report$0No annual report required
Annual fee$0No annual fee
Registered agent$100–150/year (third party)Ongoing
State income tax1.7% – 5.9%Only on NM-sourced income
Gross receipts tax (sales tax)5.0% + localOnly on NM transactions
Amendment$50When needed
Certificate of Good Standing$25When needed
The ultimate low-cost LLC. New Mexico is the only popular formation state with genuinely $0 ongoing state costs — no annual report, no annual fee, no franchise tax. Your only recurring costs are your registered agent ($100–150/year) and federal compliance (Form 5472 filing). Total annual cost: roughly $600–800, vs $660–860 for Wyoming or $900–1,100 for Delaware.
If you form it yourself

Step-by-step: how to form a New Mexico LLC

1
Choose your LLC nameMust be distinguishable and include "LLC", "L.L.C." or "Limited Liability Company". Search the NM Business Search. Name reservation: 120 days for $20.
2
Appoint a registered agentEvery NM LLC needs a registered agent with a physical New Mexico street address to receive legal and government documents. We include one year of service.
3
File Articles of OrganizationFile online or by mail with the NM Secretary of State: name, duration, registered agent, principal office, organizer, management structure, plus the $50 fee. Member/manager names are not required.
4
Create an Operating AgreementNot legally required in NM, but you need one for banking, tax and legal protection. It defines ownership, management, profit distribution and dissolution.
5
Obtain an EINApply via IRS Form SS-4. US residents apply online for immediate issuance; non-residents apply by fax or mail (4–8 weeks). This is the step that holds up banking.
6
Open a US bank accountNM LLCs are accepted by Mercury, Relay and Wise Business. Traditional banks also accept them, though in-person visits may be required.
Prefer to skip steps 3–5 entirely? A ready-made Wyoming LLC already has its Articles approved and its EIN issued — you go straight to step 6 and open banking today. See how ready-made works →
Lightest in the country

Annual compliance requirements

New Mexico has the lightest annual compliance burden of any US state for LLCs:

  • Annual report: Not required. New Mexico does not require LLCs to file annual reports.
  • Annual fee: Not required. There is no annual state fee of any kind.
  • Federal tax filing: Form 5472 with pro forma Form 1120 for foreign-owned LLCs. Due April 15. $25,000 penalty for non-filing.
  • Registered agent: Maintain a registered agent with a physical New Mexico address.
  • FinCEN BOI Report: Beneficial Ownership Information report required under the Corporate Transparency Act.

That's it. No state tax return (unless you have NM-sourced income), no annual report, no franchise tax. New Mexico is the simplest state for ongoing LLC compliance.

What you actually owe

New Mexico taxes for LLCs

Tax typeRateNotes
Personal income tax1.7% – 5.9%Only on NM-sourced income
Corporate income tax4.8% – 5.9%Only on NM-sourced income
Franchise tax$0No franchise tax
Gross receipts tax5.0% + localReplaces sales tax; only on NM transactions
Annual LLC fee$0No annual fee

For non-residents with no New Mexico-sourced income, the effective state tax burden is $0 per year. New Mexico does have income tax, but it only applies to income earned within the state. If you operate entirely outside New Mexico, you owe nothing to the state after the initial $50 filing fee.

The headline feature

Privacy protections

New Mexico provides arguably the strongest LLC privacy of any US state:

  • No member disclosure: member names are not required in any public filing.
  • No manager disclosure: manager names are not required in public filings.
  • No annual report: since there's no annual report, there's no recurring opportunity for ownership information to become public record.
  • Nominee organizer: the organizer listed on the Articles can be a third party, keeping the actual owner out of state records.
  • No public database updates: without annual reporting, the state database doesn't accumulate information about the LLC over time.

The combination of no public member/manager disclosure and no annual reporting makes New Mexico the most private state for LLC formation. Even Wyoming requires a $60 annual report, which creates at least one annual touch point with the state.

Among the fastest

Processing times

Processing optionTimeAdditional fee
Standard processing1–2 business days$0
Expedited processingSame day$50

New Mexico's standard processing is among the fastest in the US. Most filings are processed within 1–2 business days without any expedited fees. Remember, though: fast formation doesn't mean fast EIN — that's the part a ready-made company removes.

The balanced view

Pros and cons of a New Mexico LLC

✓
AdvantagesLowest ongoing cost ($0/year in state fees) · no annual report · strongest privacy (no public member/manager disclosure) · low $50 filing fee · fast 1–2 day processing · no franchise tax · perpetual duration by default · simple, efficient SoS office.
!
DisadvantagesLess name recognition than Wyoming or Delaware · state income tax (1.7–5.9%) on NM-sourced income · gross receipts tax on NM transactions · no Court of Chancery equivalent · fewer legal precedents for complex disputes · no charging-order protection for single-member LLCs.
If you want us to file it

Our pricing: New Mexico LLC formation

FilerTotalBreakdown
Domestic filers (US residents)$299$249 service fee + $50 state filing fee
International filers (non-US residents)$399$349 service fee + $50 state filing fee

Every formation package includes:

  • Articles of Organization filing with the New Mexico Secretary of State
  • One year of registered agent service in New Mexico
  • Custom Operating Agreement
  • EIN application
  • Banking introduction letter
  • Digital document delivery within 24 hours of state approval
  • Compliance calendar with all filing deadlines
  • Dedicated support via our contact team
Or register a brand-new LLC for $549. Want a fresh company in your exact chosen name — in New Mexico, Wyoming or another state? We'll register it for you for $549. Tell us the name and we'll set it up. Need to bank today instead? A ready-made Wyoming LLC with its EIN already issued is the faster path — browse the inventory.

Comparing states? See our Wyoming LLC and Delaware LLC pages, or the full United States overview.

Available now

Lowest-cost state, or fastest start — your call

Form in New Mexico for the cheapest entity in America, or take a ready-made Wyoming LLC that already has its EIN and start trading today.

Browse available companies → Form in New Mexico for $549

Questions about New Mexico LLCs

How much does it cost to form an LLC in New Mexico?
The New Mexico Secretary of State charges a $50 filing fee. There is no annual report fee and no annual compliance cost at the state level. Through USLLCGlobal, total cost is $299 for domestic filers ($249 + $50) or $399 for international filers ($349 + $50).
Does New Mexico have annual LLC fees?
No. New Mexico is one of the only US states with no annual report requirement and no annual fee for LLCs. Once your LLC is formed, there is no recurring state cost. Your only ongoing expenses are your registered agent and federal compliance.
Is New Mexico good for LLC privacy?
Yes. New Mexico provides arguably the strongest privacy of any US state. LLC members and managers are not listed in the Articles of Organization. There is no annual report, so there is no recurring opportunity for member information to become public.
Does New Mexico have state income tax?
Yes. New Mexico has a personal income tax of 1.7% to 5.9% and a corporate income tax of 4.8% to 5.9%. However, these only apply to New Mexico-sourced income. Non-residents operating outside New Mexico owe no state income tax.
How long does New Mexico LLC formation take?
Standard processing takes 1–2 business days, making New Mexico one of the fastest states for LLC formation in the US. Note that getting the EIN afterwards can take longer — a ready-made Wyoming LLC already has its EIN, so it's bank-ready within 24 hours.
Why choose New Mexico over Wyoming?
New Mexico is cheaper: $50 filing fee vs $100, and $0/year vs $60/year. It also offers stronger privacy with no annual reporting. The trade-off is less name recognition than Wyoming with banks and partners. If you want to bank and trade immediately, a ready-made Wyoming LLC with an existing EIN is the faster route.
Can a non-US resident form a New Mexico LLC?
Yes. New Mexico has no citizenship or residency requirements for LLC formation. You need a passport and a registered agent with a physical New Mexico address, which USLLCGlobal provides.
Does New Mexico have sales tax?
New Mexico has a gross receipts tax (GRT) instead of a traditional sales tax. The state rate is 5.0% plus local additions. This only applies to transactions occurring within New Mexico.
Explore more

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Wyoming LLCNo state income tax, strong privacy — our ready-made default→ Delaware LLCWhen investors or a future C-corp matter→ California LLC$419 total · $70 state fee→ Florida LLC$474 total · $125 state fee→ United States overviewReady-made US LLCs with EIN, explained→ All 50 statesCompare LLC formation everywhere→