No annual report, no biennial report, no fee. The biennial rule you may have read about belongs to corporations. Here is what New Mexico actually asks of an LLC.
New Mexico LLCs have no annual report requirement. There is no recurring report to file with the state. See details below.
What New Mexico asks of an LLC each year, in a state that requires no annual report. Source: New Mexico Secretary of State.
Annual Report at a Glance
Due Date
None required
Fee
No annual report required
Filing Method
Not applicable, there is no report to file
Late Penalty
None. There is no filing that can be late.
Sos Filing Url
https://www.sos.nm.gov/business-services/
How to File
1
Confirm there is nothing recurring to file
The Limited Liability Company Act, NMSA 1978 sections 53-19-1 to 53-19-74, contains no report section of any period. The Secretary of State's own rule is the cleanest confirmation because it lists exhaustively what a domestic LLC must file: 12.3.4.11 NMAC gives "Documents required" as the articles of organization and a statement designating registered agent and office. That is the complete list.
2
Keep a registered agent and registered office
NMSA 1978 section 53-19-5(A) requires an LLC to maintain a registered office in New Mexico and a registered agent for service of process, who must be a New Mexico resident individual or a business entity with a place of business at the registered office. This is the only continuing Secretary of State obligation, and it is the one that actually ends New Mexico LLCs.
3
File a statement of change promptly when either changes
When your registered office or agent changes, file the statement of change with the Secretary of State straight away. Do not let it sit: going 30 days without filing the statement after a change is itself a ground for administrative revocation under NMSA 1978 section 53-19-66.1. New Mexico no longer accepts paper business filings, so the statement goes through the online portal at enterprise.sos.nm.gov, which is also where the current fee is shown.
4
Register with Taxation and Revenue before you start trading
New Mexico's Taxation and Revenue Department states that anyone who engages in business in New Mexico must register with it, which issues a Business Tax Identification Number used for gross receipts tax, wage withholding and compensating tax. "CRS number" is the legacy name for the same thing. This is a tax registration, not a Secretary of State filing, and it is what most New Mexico LLC owners are actually thinking of when they ask about ongoing requirements.
5
Check the franchise tax only if you elected corporate taxation
New Mexico's $50 corporate franchise tax under NMSA 1978 section 7-2A-5.1 does not reach a normal LLC. 3.15.100.8(A) NMAC provides that an LLC not required to file a federal return as a corporation "is not subject to the franchise tax", while 3.15.100.8(B) makes one that is required to file as a corporation, and exercises its franchise in New Mexico, subject to it.
Ready to file your annual report?
Go directly to the New Mexico Secretary of State portal.
This guide is general information, not legal or tax advice, and reading it does not create an attorney-client relationship. It reports what each state publishes about filing deadlines, fees, and the consequences of missing them, with the sources this page cites. It cannot tell you what your own company owes: the date turns on when and where you formed, states change these rules between our reviews, and in several states an entity-level tax falls due in a year when no report does. Confirm your own dates with the filing office named on this page before you rely on one here, because the penalty for missing a deadline can be administrative dissolution of the company.
Frequently Asked Questions
No, and it requires no biennial report either. The Limited Liability Company Act runs from NMSA 1978 section 53-19-1 to section 53-19-74 and contains no report provision of any period.
The fee schedule in section 53-19-63 is entirely transaction-based: $50 to file the original articles of organization, $100 to register a foreign LLC, $50 to amend that foreign registration and $25 to cancel it, $20 to reserve a name, and $25 to certify documents. Nothing recurs.
The Secretary of State's rule 12.3.4.11 NMAC settles it from the other direction by listing what a domestic LLC must file, in full: the articles of organization and a statement designating registered agent and office.
So the recurring cost of a New Mexico LLC to the Secretary of State is $0, because there is no recurring filing at all.
From the corporation statute, which is a different entity type under a different article.
NMSA 1978 section 53-5-2 requires a domestic or foreign corporation to file a corporate report within 30 days of its certificate being issued "and biennially thereafter on or before the fifteenth day of the fourth month following the end of its taxable year". The fee is $25 under section 53-2-1(A)(16).
The corporate consequences are real, which is probably why the rule travels: section 53-5-7 imposes a $200 civil penalty for a late report, and 60 days after written notice of failure to file, "the corporation shall have its certificate of incorporation canceled by the secretary without further proceedings".
Nonprofit corporations and cooperative associations file annual reports, under sections 53-8-83 and 53-4-34 respectively. None of these provisions reaches an LLC.
There is also no "regulated activities" report for a New Mexico LLC. The word biennial does not appear in the LLC Act at all.
No. The New Mexico Environment Department has no role in business entity filings. LLC documents are filed with the Secretary of State under NMSA 1978 section 53-19-9 and 12.3.4.11 NMAC.
This page previously said otherwise, citing a "Financial Integrity and Transparency Act" administered by the Environment Department and requiring a "Form LLC-2" by June 1. A search of all 83 chapters of the New Mexico Statutes returns zero occurrences of that act. It does not exist, there is no Form LLC-2, and there is no June 1 deadline. That claim has been removed.
Environmental permits are a separate matter that depends on what your business physically does, and they are not an entity filing.
If your business is in a licensed occupation, the license renews with its own board on its own schedule. That is licensing, not a Secretary of State report.
Only the registered agent, and New Mexico calls it revocation rather than dissolution.
NMSA 1978 section 53-19-66.1 gives the Secretary of State exactly two grounds. The LLC "has failed for a period of thirty days to appoint and maintain a registered agent", or it "has failed for a period of thirty days, after change of its registered office or registered agent, to file... a statement of the change".
That is the complete list. No report exists to miss, and there is no June 30 deadline.
Ordinary dissolution is separate and voluntary or judicial: section 53-19-39 covers an event in the articles or operating agreement, written consent of a majority in voting power, or a judicial decree. Because New Mexico publishes its fee schedule only inside the enterprise.sos.nm.gov portal, check there for the current cost of filing articles of dissolution rather than relying on a figure quoted elsewhere.
There is no late fee in the Limited Liability Company Act, because there is no deadline to miss. Section 53-19-63's fee schedule contains no report fee and no penalty.
The Act carries exactly one civil penalty, and it has nothing to do with reports: section 53-19-53(E) charges a foreign LLC that transacts business in New Mexico without registering $200 for each year it did so.
If you have been quoted a $100 New Mexico LLC late penalty, that figure appears nowhere in the Act.
The corporation penalty is the $200 in section 53-5-7, and it attaches to the biennial corporate report, not to anything an LLC files.
NMSA 1978 section 53-19-66.2 allows an administratively revoked LLC to apply to the Secretary of State for reinstatement "within two years after the effective date of revocation".
The application must recite the LLC's name and the effective date of revocation, state that the grounds for revocation either did not exist or have been eliminated, and state that the name still satisfies section 53-19-3.
Reinstatement is retroactive: section 53-19-66.2(C) provides that "when the reinstatement is effective, it relates back to and takes effect as of the effective date of the administrative revocation".
The statute names no form number and sets no reinstatement fee, and section 53-19-63 does not list one either, so we are not going to quote a figure we cannot source. Check the Secretary of State's portal for what it charges at the time you file.
This page is general information about New Mexico's statutes and filing requirements, not legal or tax advice.
Sources
Each entry below is a document recorded in our verified New Mexico 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.
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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.
