Nothing to file with the New Mexico Secretary of State
New Mexico asks for no annual report from an LLC. The two things that do recur are the registered agent and the yearly costs the state does have, both covered on their own pages.
New Mexico registered agent rulesWhat a New Mexico LLC costs each yearNew Mexico LLC annual report
- Annual report
- Not required for LLCs
- Yearly state fee
- None at the New Mexico Secretary of State
- What recurs instead
- A registered agent with a New Mexico street address, and the business's own tax filings
- If the LLC lapses
- Within two years of revocation; the state fee is confirmed with the Secretary of State at the time
New Mexico LLC annual report rules at a glance
- New Mexico
- Not required
- New Mexico
- None
- New Mexico
- New Mexico Secretary of State
- New Mexico
- Required; keep it current with the New Mexico Secretary of State
- New Mexico
- Not possible; a lapsed agent is the usual cause
- New Mexico
- Within two years of revocation; the state fee is confirmed with the Secretary of State at the time
State fees verified October 2026 and set by the state, not by us. Rules read from New Mexico's statutes and the pages of the New Mexico Secretary of State.
Why there is no New Mexico LLC annual report
New Mexico's LLC statute expressly exempts LLCs from periodic reporting. The Secretary of State takes a biennial report from corporations, $25 with a $200 penalty for filing it late, but a New Mexico LLC files nothing after formation and pays no yearly fee, which together with the $50 formation fee makes New Mexico the cheapest state in which to maintain an LLC over five years.
What New Mexico requires instead
The requirements that remain are a registered agent with a New Mexico street address, updated with a statement of change when needed, and whatever the business itself owes the Taxation and Revenue Department, such as gross receipts tax registration and returns. Those are tax filings, not Secretary of State reports.
Because the state never asks, a New Mexico LLC can drift: an agent who moves or resigns is the usual way the record goes stale, and a revoked status is discovered when a bank or a buyer pulls the record.
Staying in good standing without a report
In a report state the annual report is the yearly checkpoint: it forces the owner to confirm the agent and the addresses, and the state's reminder arrives before it. New Mexico has no such checkpoint, so the record goes stale quietly. The habits that replace it are simple: keep the registered agent current and file a statement of change the week an agent or address changes; keep the operating agreement and member list up to date in the company's own records; and pull the LLC's record on the New Mexico Secretary of State business search once a year to confirm it still reads active.
Two things are easy to confuse with an annual report in New Mexico. Tax filings with the state's revenue department (income, sales, withholding, or a privilege or franchise tax where the state has one) are owed on their own schedules whatever the Secretary of State requires. And a foreign registration in another state carries that state's annual report: a New Mexico LLC registered to do business in Florida files Florida's report by May 1 even though New Mexico asks for nothing.
If the LLC lapses
An LLC revoked for a lapsed registered agent can be reinstated within two years of the revocation. The Secretary of State's fee for the reinstatement is confirmed with the state at the time, and a current agent must be named on the application.
Reinstatement rules for every state, including the ones with no report, are in our guide to reinstating a dissolved LLC; we also file reinstatements.
Standard Filings is a filing service, not a law firm. This page is general information about New Mexico's LLC rules, read from the state's own statutes, fee schedules and filing pages; it is not legal or tax advice, and the state's current notice controls if the two differ.
New Mexico LLC annual report FAQ
Does New Mexico require an LLC annual report?+
No. New Mexico requires no annual or biennial report from an LLC, and there is no yearly report fee at the New Mexico Secretary of State. New Mexico's LLC statute expressly exempts LLCs from periodic reporting. The Secretary of State takes a biennial report from corporations, $25 with a $200 penalty for filing it late, but a New Mexico LLC files nothing after formation and pays no yearly fee, which together with the $50 formation fee makes New Mexico the cheapest state in which to maintain an LLC over five years.
What does New Mexico require from an LLC instead?+
The requirements that remain are a registered agent with a New Mexico street address, updated with a statement of change when needed, and whatever the business itself owes the Taxation and Revenue Department, such as gross receipts tax registration and returns. Those are tax filings, not Secretary of State reports.
Does a New Mexico LLC pay an annual fee to the state?+
Not to the New Mexico Secretary of State: there is no annual report and no yearly report fee. The recurring costs a New Mexico LLC does have are its registered agent (nothing if an owner serves, a yearly fee if one is hired) and whatever taxes the business owes the state's revenue department, which run on their own schedules.
Can my New Mexico LLC still be dissolved?+
An LLC revoked for a lapsed registered agent can be reinstated within two years of the revocation. The Secretary of State's fee for the reinstatement is confirmed with the state at the time, and a current agent must be named on the application.
Do New Mexico corporations file an annual report?+
New Mexico's LLC statute expressly exempts LLCs from periodic reporting. The Secretary of State takes a biennial report from corporations, $25 with a $200 penalty for filing it late, but a New Mexico LLC files nothing after formation and pays no yearly fee, which together with the $50 formation fee makes New Mexico the cheapest state in which to maintain an LLC over five years.
Do I still need a registered agent in New Mexico?+
Yes. Every New Mexico LLC keeps a registered agent with a street address in the state on its record, and a lapse there is the usual way a New Mexico LLC loses good standing. The agent can be an owner who lives in New Mexico or a commercial agent.
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