The LLC annual fee is an ongoing fee paid to the state to keep your LLC in compliance and in good standing. It's usually paid every 1 or 2 years, depending on the state. This fee is required, regardless of your LLC's income or activity.2 Dec 2021
How much is an LLC in NM?
How much does it cost to form an LLC in New Mexico? The New Mexico Secretary of State charges a $50 fee to file the Articles of Organization. You can reserve your LLC name with the New Mexico SOS for $20.
Does New Mexico require an annual report for LLC?
New Mexico does not require LLCs to file an annual report. New Mexico imposes a franchise tax on LLCs if they paid federal income tax. The franchise tax is filed along with the state income tax, and is due by the 15th day of the third month following the close of the tax year.
Does New Mexico have an annual reports due?
The due date for filing the Annual Report is between January 1 and April 1 for the year following the calendar year in which the partnership filed a Statement of Qualification or when a foreign partnership became registered to do business within New Mexico.
Is there an annual fee for an LLC in New Mexico?
New Mexico's LLC is highly sought after because there are no annual reports. No annual report also means no annual fee. The Secretary's only requirement is that you maintain a registered agent in New Mexico.
Do LLCs file annual reports?
If you've incorporated as a business — As an LLC, LLP, S-Corp or C-Corp, you must file an annual report, normally with your state's Secretary of State. This applies no matter how big or small your business is. Typically, sole proprietors and partnerships do not have to file an annual report.
Are annual reports required?
Even if a company has all necessary business licenses, it still needs to file its annual reports. Annual report filing requirements continue even after forming your company. Just like tax returns and business licenses, formation and incorporation filings are different from annual report filings.
How much does it cost to get a business license in New Mexico?
Local business licenses typically cost $35 per year. New Mexico municipalities and most counties require that businesses within their jurisdiction become licensed.
How much does it cost to register an LLC in New Mexico?
The cost to start a New Mexico limited liability company (LLC) is $50. This fee is paid to the New Mexico Secretary of State when filing the LLC's Articles of Organization. Use our free Form an LLC in New Mexico guide to do it yourself.15 Dec 2021
Does New Mexico require a business license?
Not every New Mexico business needs a license. However, many types of businesses either can or must get one or more licenses or permits. Most often, you apply for these licenses and permits at your county clerk's office. However, there are also cases where licenses are issued by a different office or by a city.