New Hampshire LLC vs New Mexico LLC (2026)
Written for owners based in New Hampshire.
Verdict: for most owners, form where the business is based
New Mexico requires no annual or biennial report of an LLC, so the state's whole charge is the $50 Articles of Organization, against $100 to form and $100 a year in New Hampshire. Its $50 Corporate Franchise Tax reaches only an LLC that elects corporate tax treatment; a default pass-through never pays it. New Mexico keeps members off the public record, and it no longer publishes a fee schedule, so amounts are verifiable only in statute or inside the portal. Amounts aside, a New Mexico LLC still needs a $100 registration to operate from New Hampshire.
Based in New Mexico? Read New Mexico LLC vs New Hampshire LLC →
Compare New Hampshire LLC vs New Mexico LLC on filing fees, taxes, privacy laws, and annual costs. Find out which state is actually better for your business.
By Edmond Hui · Last updated: October 5, 2026
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| Factor | New Hampshire | New Mexico |
|---|---|---|
| Filing Fee | $100 | $50 |
| Processing Time | Within 30 days (paper) | Not published by the state |
| Annual Report Fee | $100 | None |
| Annual Report Due | April 1 | None required |
| State Income Tax | No | Yes |
| Anonymous LLC | No | Yes |
| Publication Requirement | No | No |
| Foreign LLC Cost (if forming out-of-state) | N/A, you're in your home state | $100 + registered agent ~$150/yr |
Full fee breakdown for either state: New Hampshire LLC cost and New Mexico LLC cost. Owner privacy options for either state: New Hampshire anonymous LLC guide and New Mexico anonymous LLC guide.
Business Climate: New Hampshire vs New Mexico
| Factor | New Hampshire | New Mexico |
|---|---|---|
| 5-year business survival rate | 47.7% (#40 of 51) | 46.3% (#46 of 51) |
| Business application growth (2026 YTD (Jan to Jul) vs 2025 YTD (same months)) | +26.1% YoY (#42 of 51 by volume) | +12.6% YoY (#37 of 51 by volume) |
Sources: U.S. Bureau of Labor Statistics, Business Employment Dynamics · U.S. Census Bureau, Business Formation Statistics (BFS)
Compare LLC Costs: New Hampshire vs New Mexico
New Hampshire
New Mexico
A figure shown as "from" is the least the state can charge, not a price. Tennessee's report is $300 for up to six members and $50 for each member above six, its franchise tax is the greater of $100 or 0.25% of Tennessee net worth, Wyoming's report is the greater of $60 or $.0002 per dollar of in-state assets, Kentucky's entity tax is $175 up to $3 million of gross receipts and graduated above it, and New York's annual filing fee is graduated on New York source gross income. A total that contains one of those is shown as "from" for the same reason. Costs include every mandatory state charge: the filing fee, the report fee (annualised where a state files biennially), any state entity-level tax shown in its own row above, a one-time publication cost where the state publishes a rate for it, and any one-time registration charge a state requires before the LLC may trade. Two exclusions follow from that wording. Arizona and Nebraska require publication and publish no rate, so no newspaper cost is carried for either and their totals are not the whole cost. Alaska's $50 annual state business licence is a separate charge from the Secretary of State fees and is not carried here either. Annualising makes the 1, 3 and 5 year rows a cost of ownership rather than a payment schedule: a biennial state charges its whole report fee in the years it falls due and nothing in between. Entity-level taxes that only apply after a corporate election, or above an owner or income threshold, are excluded and flagged on the state's own cost page. New York's publication cost is carried at a $250 floor, roughly $200 of newspaper cost in a low-cost county plus the $50 Certificate of Publication fee. No county-clerk-designated New York City newspaper publishes a rate card, so the four-figure NYC estimates in wide circulation cannot be traced to a primary source and are not asserted here; budget for materially more than the floor if you file in a NYC county. Every fee was verified against the state's own fee schedule, statute, or revenue authority on 29 July 2026. Excludes registered agent and legal fees. For informational purposes only, not legal or tax advice.
Filing Fees & Formation Costs
New Hampshire charges $100 to form an LLC, while New Mexico charges $50. New Mexico is $50 cheaper upfront. The cost that usually gets overlooked: if you form in New Mexico but operate in New Hampshire, you must also register as a foreign LLC in New Hampshire (a $100 filing) and maintain a registered agent in New Mexico (typically around $150 per year). That puts the realistic first-year cost of the New Mexico route at roughly $300, versus $100 for simply forming in New Hampshire. Only one side of this comparison is knowable: New Hampshire publishes a standard turnaround (within 30 days, paper), while New Mexico publishes no standard processing time, so the two can't be ranked against each other on speed.
Taxes: New Hampshire vs New Mexico
New Hampshire has no personal income tax, while New Mexico taxes individual income. Since pass-through LLC profits are taxed where you live and operate, a New Hampshire-based owner keeps New Hampshire's no-income-tax benefit either way. Forming in New Mexico adds no tax advantage. Business Profits Tax of 7.5% applies to LLCs with gross business income over $109,000 (threshold for periods beginning on/after 1/1/2025), and Business Enterprise Tax of 0.55% applies over $298,000 of gross receipts or enterprise value tax base. Both beyond the $100 annual report fee.
Privacy & Asset Protection
New Mexico allows anonymous LLC formation. Member and manager names don't appear on routine public filings. New Mexico's Articles of Organization require only the organizer and registered agent, and LLCs file no annual report, so members and managers stay off public filings. New Hampshire doesn't offer that same privacy. The Certificate of Formation doesn't require member/manager names, but under New Hampshire law the annual report must list the names and business addresses of the LLC's managers or, if there are no managers, at least one member, so ownership/management can't stay off all routine public filings. Both states provide charging-order protection for LLC members, and for most small businesses the practical difference in asset protection between the two is minimal. One important caveat: if you register your New Mexico LLC as a foreign LLC in New Hampshire, that New Hampshire registration is itself a public record, which can undercut much of the privacy benefit for a business that operates in New Hampshire.
Annual Maintenance Costs
New Hampshire LLCs file an annual report ($100, due April 1), and New Mexico LLCs file no annual report at all. If you form in New Mexico while operating in New Hampshire, you maintain filings in both states, New Mexico asks for no report, but New Hampshire still wants its equivalent for your foreign registration, and pay a New Mexico registered agent roughly $150 per year. Counting report fees, the agent and any entity-level tax, that brings the New Mexico route to roughly $250 a year, versus about $100 to keep a domestic New Hampshire LLC in good standing. The tax inside those totals: Business Profits Tax of 7.5% applies to LLCs with gross business income over $109,000 (threshold for periods beginning on/after 1/1/2025), and Business Enterprise Tax of 0.55% applies over $298,000 of gross receipts or enterprise value tax base. Both beyond the $100 annual report fee.
When New Mexico Actually Makes Sense
Forming in New Mexico makes sense in a few specific situations: you need anonymous ownership. New Hampshire puts owner or manager information on public filings and New Mexico doesn't (usually via a holding company, since operating in New Hampshire still requires a public foreign registration there), your business genuinely operates in New Mexico, with a real office, employees, or property there, or you're relocating to New Mexico in the near future and accept taking on New Mexico's personal income tax, which New Hampshire doesn't levy. For a typical small business based in New Hampshire, none of these usually apply. Registering a New Mexico LLC to do business back home means $100 in New Hampshire foreign-registration fees, on top of New Mexico's $50 formation fee, while New Hampshire's own annual report runs $100 a year and is due April 1. When in doubt, form where you actually do business.
Frequently Asked Questions
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Start your LLC with ZenBusiness →Affiliate link. We may earn a commission at no cost to you. MyStateLLC is not a law firm and does not provide legal advice.
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Sources
Each entry below is a document recorded in our verified sources, and each entry says what the document is. Some statutory text is read from an accurate mirror rather than from the state's own host, and those say so. Where we hold the citation but no stable public link, the citation is printed on its own rather than pointed at a guessed address.
- New Hampshire statute: RSA 304-C:31 (certificate of formation)
- New Hampshire statute: RSA 304-C:194 (annual report contents)
- sos.nh.gov/corporations-0New Hampshire Secretary of State: business entity filings
- gc.nh.gov/rsa/html/XXVIII/304-C/304-C-191.htmNew Hampshire LLC filing fees
- sos.nm.gov/business-services/New Mexico Secretary of State: business entity filings
Edmond Hui · Founder, MyStateLLC
Edmond Hui is a software engineer and serial entrepreneur based in New York who has founded multiple online businesses across e-commerce, media, and information publishing. Before transitioning into tech, he spent years as a commercial real estate professional closing deals totaling over 100,000 square feet, giving him firsthand experience with business formation and entity structuring. He built MyStateLLC to provide the free, state-specific LLC guidance he wished existed when forming his own companies.