Updated August 10, 2026. Quick answer. Forming an LLC in New Mexico costs $50 to file, and no periodic report is required. Five-year total: At least $50 over five years — one or more components (commonly the franchise/minimum tax) is unverified, so treat this as a floor, not a total.
What it actually costs
| Item | Amount |
|---|---|
| Formation filing fee | $50 |
| Annual/biennial report | none — New Mexico requires no periodic report from LLCs |
| Franchise / minimum tax | Not verified — see notes |
| Publication requirement | No newspaper publication requirement was found. |
Five-year cost of ownership: At least $50 over five years — one or more components (commonly the franchise/minimum tax) is unverified, so treat this as a floor, not a total. Publication cost is excluded from this figure — it’s county-driven where it applies, not state-driven, so a single number would be wrong for most filers.
The trap worth knowing before you file
Access note: nmonesource.com no longer blocks outside readers outright, but its viewer page carries no statute text. The working route is the underlying document endpoint https://nmonesource.com/nmos/nmsa/en/4400/1/document.do, which serves the entire Chapter 53 as a 465-page PDF; its text extracts cleanly (1,081,483 characters). codes.findlaw.com is blocked, law.onecle.com/new-mexico/53-corporations/53-19-63.html is a dead link, and the Wayback Machine has no capture of the Justia page. Whole row is statute-tier from the offi
Once the LLC exists, an operating agreement is what actually runs it
This is free to browse and there is no obligation to buy anything — LawDepot builds a state-specific LLC operating agreement through a question-and-answer form.
Build an operating agreement at LawDepot
LawDepot pays us a commission if you buy through this link — it costs you nothing extra. We are not a law firm and this is not legal advice. Affiliate Disclosure.
Source
NMSA 1978 § 53-19-63 (filing, service and copying fees); Limited Liability Company Act, NMSA 1978 §§ 53-19-1 to 53-19-74. Read 2026-08-06 from statute. Formation-service sites were not used as a source for this figure.
If the LLC already exists somewhere else
Everything above prices forming a new New Mexico LLC. A company that already exists in another state cannot become a New Mexico one: New Mexico is one of the eight jurisdictions with no jurisdiction-change route in either direction, and there is no section to cite, because nothing in the code read permits it. The substitute is a merger — form a New Mexico LLC, then merge the older company into it, under NMSA 1978 § 53-19-62 ($100 to file). A merger produces a surviving entity rather than a continuation, so it is genuinely not the same thing as domestication, but it keeps far more alive than dissolving and re-forming does.
How to Move an LLC to Another State · LLC Domestication by State: All 51 Jurisdictions, With the Statute
What letting it lapse costs in New Mexico. The catch-up bill is only half the story — in New Mexico there is no annual report to miss anywhere in the Act, so the only revocation trigger is the registered agent. The figures, and the statute they come from, are on reinstating a New Mexico LLC.
Electing S-corp status for this LLC changes the tax picture too. New Mexico’s $50 franchise tax applies to an S-corp as a corporation; an LLC never sees it. See what New Mexico charges at the entity level.
Looking for the annual-report due date and fee instead? See New Mexico LLC annual report.
Related: New Mexico’s registered agent requirements, including who can serve and what happens if you don’t have one.
Related: New Mexico’s LLC Certificate of Good Standing cost, including who issues it and how fast you can get one.
See LLC Cost by State: The Five-Year Number, Not the Filing Fee for more on this.
See LLC Annual Report Requirements by State: All 51 Jurisdictions for more on this.