What does it cost to incorporate a company in New Mexico? Fees

Company formation costs in New Mexico: LLC filing fees

Want to know what it costs to incorporate a company in New Mexico? Here you will find a detailed overview of the most important fees for registering with the New Mexico Secretary of State:

Basic filing fees for New Mexico LLCs and other business forms

• $50: Filing the Articles of Organization for an LLC
• $100: Certificate of Authority for Foreign Entities

Additional costs for company formation in New Mexico

• $25: Name reservation for 120 days
• $50: Amendments to the company information (Articles of Amendment)
• $25: Certificate of Good Standing

Special features and advantages in New Mexico

• No annual franchise tax or annual report fee for LLCs
• Known for its business-friendly environment with little bureaucracy
• Comparatively low fees for setting up and running a business

Important note: Registered Agent Service

The incorporation costs mentioned do not include the fees for the legally required Registered Agent Service:

• Costs may vary depending on whether you act as a Registered Agent yourself (US address) or use a professional service
• Annual fees may apply for professional services

Service fees for professional support

Additional service fees apply when setting up through an agency or specialist service provider such as Digitalize Global:

• Start-up agencies: Often offer complete services. Costs vary depending on the scope of services.
• Digitalize Global: May charge additional fees for specialized digital startup services.

 The LLC in New Mexico Registration fees of $50 are very favorable compared to many other states. The actual costs of setting up a company in New Mexico may, however, vary depending on your specific requirements and the chosen foundation method.

How to carefully plan your company formation in New Mexico:

1. Take all official fees into account.
2. Calculate the costs for the Registered Agent Service.
3. Compare offers from different service providers for additional services.
4. Take advantage of the business-friendly environment in New Mexico.

With this comprehensive cost overview, you can effectively plan your company formation in New Mexico and benefit from the state's favorable conditions.

Costs of LLC Formation in New Mexico - Summary

Forming an LLC in New Mexico is a favorable option for entrepreneurs. The one-time registration fee for incorporation is only about $50. In addition, there is no annual reporting fee, which sets New Mexico apart from many other states. However, there may be an annual flat tax of $50 that must be paid to maintain the LLC.

In contrast to other states where companies have to submit annual reports and additional fees, the bureaucratic burden in New Mexico remains minimal. Ongoing administrative costs are also low, as there are no complex reporting requirements.

Overall, the mandatory annual fees for an LLC in New Mexico are $50, making it one of the most cost-effective options for entrepreneurs looking to form an LLC in the US.

States comparison, best states for LLC formation

FAQ on LLC formation in New Mexico

1. How much does it cost to form an LLC in New Mexico?
The formation fee is a one-time fee of USD 50. There is no annual reporting fee, but a flat tax of USD 50 per year may apply.

2. are there annual fees for an LLC in New Mexico?
Yes, there is an annual flat-rate tax of USD 50. However, there are no fees for filing an annual report.

3. can I be a Registered Agent myself?
Yes, you can act as the Registered Agent for your LLC yourself, as long as you have a physical address in New Mexico and can be reached during normal business hours.

4. how long does it take to form an LLC in New Mexico?
As a rule, it takes about 1 to 2 weeks to process the application, depending on the workload of the responsible office.

5. is there a sales tax on services in New Mexico?
No, there is no sales tax on services in New Mexico, which is especially advantageous for service businesses.

6. are LLCs required to file annual reports in New Mexico?
No, LLCs in New Mexico are not required to file an annual report (Public Information Report), which reduces ongoing costs and administrative burdens.