New Mexico LLC annual report and yearly fees: what is due and when

New Mexico is one of very few states with no LLC annual report, which is a large part of its appeal. That does not mean nothing is due. This guide explains what New Mexico LLC owners still need to do each year.

By Muhammad Bilal, Chartered Accountant. Reviewed by Awais Jameel, Chartered Accountant. Checked against official sources on . 2 minute read.

Short answer

No. New Mexico does not require LLCs to file an annual report, and there is no yearly state fee to keep an LLC in existence. What you must still keep up is a registered agent with a New Mexico address, amendments when key details change, and any New Mexico tax filings, such as gross receipts tax, if the business has activity there.

At a glance

Annual report
Not required
Yearly state fee
None
Registered agent
Required every year
Changes
Filed as amendments or statements of change
State taxes
Only where the business has New Mexico activity
Main risk
Letting the registered agent lapse
New Mexico LLC annual report and yearly fees: what is due and whenAnnual report: Not required; Yearly state fee: None; Registered agent: Required every year; Changes: Filed as amendments or statements of change; State taxes: Only where the business has New Mexico activity; Main risk: Letting the registered agent lapse.KEY FACTS AT A GLANCENew Mexico LLC annual report and yearly fees: whatis due and whenAnnual reportNot requiredYearly state feeNoneRegistered agentRequired every yearChangesFiled as amendments orstatements of changeState taxesOnly where the businesshas New Mexico activityMain riskLetting the registeredagent lapseChecked against official sourcesTax BakersNew Mexico LLC annual report and yearly fees: what is due and whenAnnual report: Not required; Yearly state fee: None; Registered agent: Required every year; Changes: Filed as amendments or statements of change; State taxes: Only where the business has New Mexico activity; Main risk: Letting the registered agent lapse.KEY FACTS AT A GLANCENew Mexico LLC annual report andyearly fees: what is due and whenAnnual reportNot requiredYearly state feeNoneRegistered agentRequired every yearChangesFiled as amendments or statements of changeState taxesOnly where the business has New MexicoactivityMain riskLetting the registered agent lapseChecked against official sourcesTax Bakers
Key facts at a glance, as set out in this guide.

Why is there no annual report?

New Mexico's LLC law simply does not require LLCs to file annual or biennial reports, and it charges no yearly fee for keeping an LLC active. The $50 formation fee is the only state charge in a normal year. See how to form an LLC in New Mexico.

What do you still need to do each year?

  1. Keep a registered agent

    With a physical New Mexico address, and pay their fee on time. See what a registered agent is.

  2. File changes

    A change of registered agent, name or other details in the Articles is filed with the Secretary of State.

  3. File New Mexico taxes where they apply

    Gross receipts tax returns and income tax returns if the business has activity in New Mexico.

  4. File federal returns

    Such as Form 5472 for a foreign-owned single-member LLC.

What is the main risk?

With no yearly filing, there is no yearly reminder. Owners let the registered agent lapse, the agent resigns, and the company falls out of compliance without anyone noticing. Put the agent's renewal date in your calendar. See Wyoming vs New Mexico LLC.

Which New Mexico taxes can apply?

New Mexico's gross receipts tax applies to receipts from selling goods and many services in the state, and its income taxes apply to income from New Mexico activity. An LLC formed in New Mexico but operated entirely elsewhere usually has none of either. See economic nexus.

What about federal filings?

They do not depend on the state. A foreign-owned single-member New Mexico LLC still files Form 5472 each year it has transactions with its owner.

Want your New Mexico LLC kept in order?

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Questions people ask

Does New Mexico require an LLC annual report?

No. New Mexico does not require LLCs to file annual or biennial reports.

Is there a yearly fee for a New Mexico LLC?

No yearly state fee. The main recurring cost is the registered agent.

What does a New Mexico LLC need to keep up?

A registered agent with a New Mexico address, amendments for changes, and any New Mexico and federal tax filings.

Does a New Mexico LLC pay New Mexico tax?

Only if it has activity in New Mexico that creates gross receipts or income tax obligations.

Sources

Every fee, date and rule on this page was taken from these official and primary sources.

  1. New Mexico Statutes, NMSA 1978 section 53-19-63: LLC filing fees
  2. New Mexico Secretary of State: Business Services
  3. IRS: Instructions for Form 5472 (Rev. December 2024)

Rules and fees change. If you are reading this long after September 30, 2026, confirm the figures with the source before you rely on them.

State LLC formationHow to form an LLC in New MexicoStarting a US companyWyoming vs New Mexico LLCStarting a US companyWhat is a registered agent and do you need one

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This guide is general information. It is not tax or legal advice for your situation.