How to Incorporate in New MexicoInstructions on New Mexico Incorporating
What will it cost to incorporate in New Mexico?
$100 New Mexico articles of incorporation filing fee (minimum)
What are the costs involved in forming a New Mexico LLC?
New Mexico LLC articles of organization will cost $50
How long will it take to get my New Mexico Incorporation or New Mexico LLC processed?
The New Mexico Public Regulation Commission will take about 3 months to process your incorporation or LLC formation. We recommend paying for expedited processing if you want to get filed any time soon. If you pay an extra $100 they will process in about 2 days; or for an additional $150 you can get filed in 1 day.
What am I going to be looking at for ongoing fees to New Mexico?
After you file your articles of incorporation, the NMPRC will send a filed copy back to you along with an initial report. NM corporations must file the report within 30 days. New Mexico corporations then file biennial reports which are due on the 15th day of the 3rd month after your fiscal year ends. For most businesses, this is March 15th. NM corporate reports are due in even years or odd years based on whether the last digit of your corporation filing number is even or odd. You can do a name search to find your number/due date. The biennial reports cost $25.
New Mexico LLCs do not file reports with the NMPRC
What are the New Mexico business taxes?
The New Mexico Corporate net income tax rates are:
There is a minimum franchise tax due of $50.
The average New Mexico sales tax rate is 6.4%. The state has a 5% tax, but the average local tax is 1.4% making a total of 6.4%.
When we incorporate your business in New Mexico, our service includes:
All for a total of only $275 for a New Mexico LLC or $325 for a New Mexico corporation.
Northwest Registered Agent, Inc.
Santa Fe, NM 87505
Santa Fe County