In New Mexico, the cost of forming an LLC (limited liability corporation) online is $50. When the LLC’s Articles of Organization are filed, this charge is paid to the New Mexico Secretary of State.
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How Much Does a New Mexico LLC Cost?
Fee for New Mexico LLC Online Filing: $50
The $50 charge to submit your LLC’s Articles of Organization online with the New Mexico Secretary of State is the primary expense of forming an LLC.
Fee for Registered Agent
You may be your own registered agent in New Mexico, but employing a registered agent service keeps your firm in compliance, informs you of critical filing dates, and helps you avoid late fines.
How Much Does it Cost to Form a Foreign LLC in New Mexico?
If you currently have an LLC established in another state and want to expand into New Mexico, you must register your LLC as a foreign LLC in New Mexico.
A foreign LLC in New Mexico must be registered for $100. A foreign LLC may be registered in New Mexico by submitting a Foreign Limited Liability Company Application for Registration.
Permits and Licenses for Businesses
Depending on your industry and geographic location, your company may need federal, state, and municipal permits/licenses to operate lawfully in New Mexico. This is true regardless of whether you create an LLC or another sort of company structure.
Other Fees for Filing an LLC
There are several extra costs involved with forming an LLC:
LLC Name Reservation: File an Application for Reservation of a Domestic Limited Liability Company Name and pay the $20 filing fee to reserve your name for up to 120 days prior to LLC formation.
Reservation of a Foreign Limited Liability Company Name: Foreign LLCs may reserve their names for up to 12 months prior to creation by completing an Application for Reservation of a Foreign Limited Liability Company Name and paying the $40 filing fee.
Certified Document Copies: Order certified copies of your New Mexico business paperwork from the Secretary of State for $25 or more.
Certificate of Good Standing: A New Mexico certificate of good standing may be obtained by contacting the Secretary of State and paying the $25 cost. Banks and lending institutions often demand a certificate of good standing.
