Timing
Processing times and expedite options
Every business filing goes through the Secretary of State's online system. The state does not publish a standard turnaround we could confirm, so we confirm timing in your quote.
Start an LLC in New Mexico · All 50 states
How to start a New Mexico LLC
New Mexico is the quiet privacy state: short articles, no owner names and no LLC annual report. Here is the process, what it costs to keep, and why most owners still form at home.
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Lobi Guarantee. If we get something wrong, we fix it at our cost.By the Lobi Space compliance team. Current as of October 2026. Lobi Space is not a law firm and does not give legal advice; we prepare and file documents at your direction.
Step by step
How to start an LLC in New Mexico in 5 steps
Five steps from name to EIN. We handle the filing steps for you at your direction, and you keep the decisions.
- 01
Pick a name and check it
The name must meet New Mexico's LLC naming rules (NMSA 1978 § 53-19-3) and be available on the Secretary of State's records.
- 02
Appoint a New Mexico registered agent
The articles give the street address of the registered office and the name of the registered agent at that address.
- 03
File the Articles of Organization online
All business filings with the Secretary of State are online. The articles state the name, registered office and agent, the principal place of business if different, and whether the LLC is manager managed.
- 04
Sign an operating agreement and get an EIN
The operating agreement stays private. The IRS issues your EIN for free.
- 05
Register where you operate
New Mexico has no LLC annual report, but if the LLC does business in another state, it registers and reports there.
Want the general version first? Read how to set up an LLC and what every formation add-on actually is.
Costs
What a New Mexico LLC costs
State fees only: what you pay once, what repeats and what is optional. You also need a registered agent in New Mexico. Ours is $95 first year per entity (limited time, regular $125), then $125 a year, through our national partner.
Compare our service fees on formation pricing.
| Item | State cost | How often |
|---|---|---|
| Articles of Organization | State fee confirmed in your quote | One time |
| Card payments | Convenience fee on credit and debit cards | If you pay by card |
| Annual report | None for LLCs | Never |
| Franchise tax | $50 a year, only if the LLC is taxed as a corporation | Every year, if it applies |
Privacy
Is a New Mexico LLC anonymous?
Private on the state recordOn the state record, yes. The articles must state the LLC's name, its registered office and agent, its principal place of business if different, and whether a manager runs it (NMSA 1978 § 53-19-8). No member or manager names are required.
New Mexico's LLC Act has no annual report requirement for LLCs, so no yearly filing exposes anyone later either. Your bank, the IRS and the courts can still identify the owners.
Federal reporting is not the issue it was: FinCEN's final rule of August 2026 removed beneficial ownership reporting for US companies and US persons. Read what changed in Anonymous LLC in 2026.
Names
New Mexico LLC name rules
- Must satisfy NMSA 1978 § 53-19-3, including an LLC designator.
- Must be available on the Secretary of State's records.
Registered agent
New Mexico registered agent rules
- Every New Mexico LLC must keep a registered office with a street address and a registered agent at that address (NMSA 1978 §§ 53-19-5 and 53-19-8).
Ours is $95 first year per entity (limited time, regular $125), then $125 a year.
Is it right for you
Why founders pick New Mexico, and who should not
Why founders pick New Mexico
- No member or manager names on the articles.
- No annual report for LLCs, so there is no yearly state filing to keep the LLC active.
- A real option for a holding company or real estate LLC that does business only in New Mexico.
Who should not pick New Mexico
- A startup raising venture capital. Investors usually ask for a Delaware C corporation.
- A business that operates in Illinois or another state. You register there anyway, and that state's filings follow its own disclosure rules.
Corporations
Forming a New Mexico corporation instead
New Mexico corporations, and LLCs taxed as corporations, pay corporate income tax on New Mexico income and a $50 a year franchise tax, according to the New Mexico Taxation and Revenue Department.
We file corporations too. The Launch package includes bylaws for a corporation.
Taxes and publication
New Mexico income tax and publication
Companies taxed as corporations pay New Mexico corporate income tax on New Mexico income and a $50 a year franchise tax. An LLC taxed as a partnership passes its income through to its owners.
Publication: New Mexico has no newspaper publication requirement for LLCs.
Operating in Illinois
Foreign qualification: register where you operate
Forming in New Mexico does not take your company out of Illinois. If your New Mexico company has an office, staff or regular operations in Illinois, it generally has to register in Illinois as a foreign company before it does business here. For an LLC that is the Application for Admission to Transact Business, and the Illinois fee is $150, the same as forming a new Illinois LLC.
After that you pay both states every year: New Mexico's own annual costs plus the Illinois annual report, $75 for an LLC. You also need an Illinois registered agent with a street address here. That is the double cost most Illinois founders do not see coming, and it is why a business that only operates in Illinois is usually better off with an Illinois LLC.
If you do form in New Mexico and operate here, we can be your Illinois registered agent from our staffed office in Chicago.
Your New Mexico LLC, filed for you
We check the name and file as soon as your details are complete. You get the documents and a team that answers the phone.
One package
File your New Mexico LLC with Lobi
One Launch package. Simple, like it should be. The New Mexico state fee is passed through at cost and shown before you pay.
Launch package
Limited time · Save $100
$195$295one fee
State fees vary by state. Our fee doesn't change.
Start my New Mexico LLCLobi Guarantee. If we get something wrong, we fix it at our cost.Not sure what you need? Build Your Plan- Registered agent renews at $125 a year
- No SSN or ITIN? The EIN is $100 more
- LLC or corporation, same price
Included
- State filing for your LLC or corporation
- EIN, your federal tax ID
- Operating agreement or bylaws
- 1 year of registered agent service
- Compliance tracking and annual report reminders
- State notice monitoring, scanned the same day
- Your portal to view every document
- Customer service from a real team
- Free fillable business document hub
Add what you need
Optional. Add one at checkout or any time after.
Business mailbox
Illinois only$30/mo + $95 setup
A real street address for your business mail.
- Mail scanned to your portal
- Keeps your home address off your business mail
- Our staffed Chicago office, with a PMB and pickup
Only in Illinois for now. Not offered in New Mexico yet.
See mailbox plans →Virtual office
Illinois onlyFrom $50/mo + $95 setup
A Chicago business address you can register your company with, plus a place to meet.
- Signed agreement for your business address
- Mail handling and your name on the building directory
- Meeting rooms and member access on Pro and Premium
- Starter $50/mo
- Address agreement and directory listing
- Pro $75/mo
- Adds meeting room time and unlimited scans
- Premium $150/mo
- Adds package receiving and more room hours
Only in Illinois for now. Not offered in New Mexico yet.
Virtual office in Chicago →Your registered agent in New Mexico is our national partner. Notices land in your portal the same day.See the Launch package
All 50 states
Form in your state
Same packages, same team, any state. These are the guides founders ask us about most, with the state fee to file and the yearly cost to keep the company active.
We are not attorneys
Lobi Space is not a law firm, and no one on our staff, including our notary public, is an attorney licensed to practice law in Illinois. We prepare and file formation documents only at your direction, using the information you give us. We cannot give legal or tax advice, tell you which entity type to choose, or review your situation the way a lawyer would. For those decisions, talk to an Illinois attorney or a CPA.
Notice from our notary public (Illinois law, 5 ILCS 312/3-103)
I AM NOT AN ATTORNEY LICENSED TO PRACTICE LAW IN ILLINOIS. I AM NOT ALLOWED TO DRAFT LEGAL DOCUMENTS OR RECORDS, NOR MAY I GIVE LEGAL ADVICE ON ANY MATTER, INCLUDING, BUT NOT LIMITED TO, MATTERS OF IMMIGRATION, OR ACCEPT OR CHARGE FEES FOR THE PERFORMANCE OF THOSE ACTIVITIES.
Sources: New Mexico Secretary of State, checked October 2026. Written by the Lobi Space compliance team, current as of October 2026. State fees and rules change; we confirm the current fee before we file. This page is general information, not legal advice.
- New Mexico Secretary of State, statutes governing business (LLC Act, NMSA 1978 §§ 53-19-1 to 53-19-74)
- NMSA 1978 § 53-19-8, articles of organization
- New Mexico Secretary of State, business services
- New Mexico Secretary of State, business online filing help
- New Mexico Taxation and Revenue Department, corporate income and franchise tax
- Illinois LLC Act fees, 805 ILCS 180/50-10
Your New Mexico company can exist by next week.
$195 (regular $295, limited time), plus the New Mexico state fee. Filing, EIN, operating agreement, a year of registered agent, compliance tracking and your document portal, all in the Launch package. We file as soon as your details are complete.