New Mexico Business Guide
How to Start a Business in New Mexico
Forming an LLC in New Mexico costs $50 in filing fees and typically takes 5-7 days. This guide walks you through every step.
LLC Filing Fee
$50
Processing Time
5-7 days
Registered Agent Required
No
Business License
Required
Step-by-Step Formation Process
1. Choose a Business Name
Choose a unique name that complies with New Mexico naming requirements. Check name availability on the New Mexico Secretary of State website. New Mexico Secretary of State website.
2. File Articles of Organization
File your LLC's Articles of Organization with the New Mexico Secretary of State. The filing fee is $50 and processing takes 5-7 days.
3. Obtain an EIN
Get an Employer Identification Number (EIN) from the IRS for tax purposes. This is free and can be done online.
4. Register for State Taxes
Register with the New Mexico Department of Revenue for state tax purposes. You may need a sales tax permit if selling products.
0
Secure Your Brand
After forming your New Mexico LLC, check that your business name is available as a domain name and across social media platforms.
New Mexico Business Formation FAQ
How much does it cost to start an LLC in New Mexico?▼
The filing fee is $50, plus any registered agent fees. Processing takes approximately 5-7 days.
Do I need a registered agent in New Mexico?▼
No, New Mexico does not require a registered agent, though one is recommended.
Do I need a business license in New Mexico?▼
Yes, most businesses in New Mexico need a business license. Requirements vary by city and county.