Does New Mexico charge a late fee for LLC annual reports?

No, because there is no annual report. New Mexico's Limited Liability Company Act contains no report provision, so there is no deadline and nothing to be late for. The Act lists every fee the Secretary of State collects from an LLC and it is entirely transaction-based: $50 for the articles of organization, $20 for a statement of change of registered office or agent, $25 for articles of dissolution, $100 for a foreign LLC registration. There is no report fee and no late fee. The $200 penalty that exists in the Act is charged to a foreign LLC that transacts business in New Mexico without registering, for each year it did so. It is not a report penalty. The $200 penalty people find when searching is usually the corporation one, which attaches to the biennial corporate report.

Can I reinstate a revoked New Mexico LLC?

Yes, within two years. New Mexico law allows an administratively revoked LLC to apply "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 ground or grounds either did not exist or have been eliminated, and state that the name still meets the state's naming rules. Reinstatement is retroactive, relating back to the effective date of the revocation, so the LLC's history closes up rather than carrying a hole. We found no reinstatement fee and no form named in the statute. We are not going to publish a dollar figure we cannot source to the statute or an official schedule; check the Secretary of State's portal when you file.

Does revocation cost me my liability protection?

The Act does not say that it does, and the retroactive reinstatement rule cuts against the idea. The Act provides that reinstatement "relates back to and takes effect as of the effective date of the administrative revocation", which is how the Act closes the gap rather than leaving a period during which the entity is treated as never having existed. What genuinely threatens an LLC's liability shield in any state is the ordinary judicial doctrine: commingling personal and business funds, ignoring the entity's separateness, or using it as an alter ego. No filing prevents that, and no missed filing causes it. If your LLC has been revoked and you are outside the two-year window, that is worth taking to a New Mexico attorney rather than treating as a filing problem.

What does a New Mexico LLC actually have to keep up with?

With the Secretary of State, one thing: a registered office and registered agent, filed on again only when either changes, at $20. Everything else recurring is tax. Taxation and Revenue requires anyone engaging in business in New Mexico to register before doing so, which issues a Business Tax Identification Number used for gross receipts tax, wage withholding and compensating tax. Your filing frequency is assigned by the department rather than fixed by statute. The $50 corporate franchise tax generally does not reach an LLC. A New Mexico tax rule provides that an LLC not required to file a federal return as a corporation is not subject to it, while making one that is required to file as a corporation subject to it. If your business is in a licensed occupation, that license renews with its own board on its own schedule.

New Mexico LLC Late Fees: There Is Nothing to Be Late On

No annual report means no deadline and no late fee. What actually ends a New Mexico LLC is losing its registered agent, and the statute gives you 30 days plus a two-year window to put it right.

By Edmond Hui · Last updated: October 2026

New Mexico LLCs have no annual report deadline, so there is no annual report late fee. See details below.

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Late Fee Facts at a Glance

Annual report due

None required

Base fee

$0. New Mexico's LLC fee statute lists every LLC fee and includes no report fee.

Late penalty

None. There is no filing that can be late.

Grace period

Not applicable

Dissolution timeline

New Mexico revokes rather than dissolves, and not for failure to file a periodic report, because none exists. The common trigger is failure to maintain a registered agent

Step diagram for returning an LLC to good standing in New Mexico, which requires no annual report. — New Mexico requires no LLC annual report. What it still asks of an LLC, and how to fix a lapse. Source: New Mexico Secretary of State.

What Happens If You Miss the Deadline

Stage 1

Missing a report deadline

Nothing, because none exists. The Limited Liability Company Act contains no report provision of any period, and a New Mexico rule lists a domestic LLC's required documents in full as the articles of organization and a statement designating registered agent and office.

Fix:There is nothing to fix.

Stage 2

Going 30 days without a registered agent

This is the real trigger. New Mexico law permits the Secretary of State to revoke an LLC that "has failed for a period of thirty days to appoint and maintain a registered agent", or that has failed for 30 days after a change of registered office or agent to file the statement of change.

Fix:Yes. File the statement of change, which costs $20.

Stage 3

After administrative revocation

The LLC is revoked rather than dissolved. New Mexico uses revocation as its term of art here, and it is the Secretary of State's act rather than a court's.

Fix:Yes, for two years. New Mexico law allows an application for reinstatement "within two years after the effective date of revocation", and reinstatement "relates back to and takes effect as of the effective date of the administrative revocation".

Stage 4

Transacting business as an unregistered foreign LLC

The Act's only civil penalty, and it has nothing to do with reports. The Act charges a foreign LLC that transacts business in New Mexico without registering $200 for each year it did so.

Fix:Yes, by registering and paying the accrued penalty. Foreign registration costs $100.

How to Fix It: Step-by-Step

Check whether the problem is the registered agent

It usually is, because that is the only thing the Secretary of State can revoke an LLC over. Confirm the agent named in the state's records still exists, still consents, and still has the New Mexico address on file. New Mexico law requires the agent to be a New Mexico resident individual or a business entity with a place of business at the registered office.

File a statement of change

New Mexico law sets the fee at $20 for a statement of change of registered office or registered agent, or both. There is no penalty to clear first, because none accrues.

If the LLC was revoked, apply for reinstatement within two years

New Mexico law requires the application to recite the LLC's name and the effective date of revocation, state that the grounds either did not exist or have been eliminated, and state that the name still meets the state's naming rules. The statute names no form and sets no fee, and the LLC fee schedule does not list one, so check the Secretary of State's portal for the current charge rather than relying on a figure quoted elsewhere.

Separate out anything that is actually a tax matter

Most things genuinely overdue for a New Mexico LLC belong to Taxation and Revenue rather than the Secretary of State. Registration there is required of anyone engaging in business in New Mexico and produces a Business Tax Identification Number, the successor name to the CRS number, used for gross receipts tax, wage withholding and compensating tax. Filing frequency is assigned by the department.

Reinstatement After Dissolution

Reinstatement Possible?: Yes, within two years
How Long Allowed: Two years from the effective date of revocation, under New Mexico law.
Reinstatement Fee: Not set by statute. The LLC Act's fee schedule lists no reinstatement fee and its reinstatement rule requires none, so no figure is published here. Any $100 reinstatement fee you have seen quoted for New Mexico is not in the Act.
What You Lose During Dissolution: Less than a revocation notice suggests, provided you act inside the two years. New Mexico law makes reinstatement retroactive: it "relates back to and takes effect as of the effective date of the administrative revocation", so the gap closes rather than leaving a period of exposure behind it.

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 missing a deadline can cost the company its good standing or, in many states, its existence.

Read this guide for another state:

Frequently Asked Questions

: No, because there is no annual report. New Mexico's Limited Liability Company Act contains no report provision, so there is no deadline and nothing to be late for. The Act lists every fee the Secretary of State collects from an LLC and it is entirely transaction-based: $50 for the articles of organization, $20 for a statement of change of registered office or agent, $25 for articles of dissolution, $100 for a foreign LLC registration. There is no report fee and no late fee. The $200 penalty that exists in the Act is charged to a foreign LLC that transacts business in New Mexico without registering, for each year it did so. It is not a report penalty. The $200 penalty people find when searching is usually the corporation one, which attaches to the biennial corporate report.
: New Mexico revokes rather than dissolves, and only for registered-agent failures. New Mexico law gives two grounds and no others: failing for 30 days to appoint and maintain a registered agent, or failing for 30 days after a change of registered office or agent to file the statement of change. No report exists to miss, and there is no June 30 deadline. Judicial and voluntary dissolution are separate routes, triggered by the operating agreement, a majority in voting power, or a court, not by paperwork.
: Yes, within two years. New Mexico law allows an administratively revoked LLC to apply "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 ground or grounds either did not exist or have been eliminated, and state that the name still meets the state's naming rules. Reinstatement is retroactive, relating back to the effective date of the revocation, so the LLC's history closes up rather than carrying a hole. We found no reinstatement fee and no form named in the statute. We are not going to publish a dollar figure we cannot source to the statute or an official schedule; check the Secretary of State's portal when you file.
: The Act does not say that it does, and the retroactive reinstatement rule cuts against the idea. The Act provides that reinstatement "relates back to and takes effect as of the effective date of the administrative revocation", which is how the Act closes the gap rather than leaving a period during which the entity is treated as never having existed. What genuinely threatens an LLC's liability shield in any state is the ordinary judicial doctrine: commingling personal and business funds, ignoring the entity's separateness, or using it as an alter ego. No filing prevents that, and no missed filing causes it. If your LLC has been revoked and you are outside the two-year window, that is worth taking to a New Mexico attorney rather than treating as a filing problem.
: With the Secretary of State, one thing: a registered office and registered agent, filed on again only when either changes, at $20. Everything else recurring is tax. Taxation and Revenue requires anyone engaging in business in New Mexico to register before doing so, which issues a Business Tax Identification Number used for gross receipts tax, wage withholding and compensating tax. Your filing frequency is assigned by the department rather than fixed by statute. The $50 corporate franchise tax generally does not reach an LLC. A New Mexico tax rule provides that an LLC not required to file a federal return as a corporation is not subject to it, while making one that is required to file as a corporation subject to it. If your business is in a licensed occupation, that license renews with its own board on its own schedule.

Sources

28 documents

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. 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 Mexico statute: NMSA 1978 section 53-19-63 (LLC filing fees)
New Mexico statute: NMSA 1978 Section 53-19-66.1 (administrative revocation)
New Mexico statute: NMSA 1978 section 53-19-66.1 (administrative revocation)
New Mexico statute: section 53-19-63(I) (statement of change fee)
New Mexico statute: Section 53-19-66.2 (reinstatement)
New Mexico statute: Section 53-19-53(E) (unregistered foreign LLC penalty)
New Mexico statute: section 53-19-63 (LLC filing fees)
New Mexico statute: Section 53-19-5(A) (registered agent)
New Mexico statute: Section 53-19-63(I) (statement of change fee)
New Mexico statute: Section 53-19-66.2 (reinstatement application)
New Mexico statute: section 53-19-3 (LLC name requirements)
New Mexico statute: NMSA 1978 section 53-19-66.2(A) (two-year reinstatement window)
New Mexico statute: Section 53-19-63 (LLC filing fees)
New Mexico statute: section 53-19-66.2 (reinstatement)
New Mexico statute: Section 53-19-66.2(C) (reinstatement is retroactive)
New Mexico statute: NMSA 1978 sections 53-19-1 to 53-19-74 (New Mexico LLC Act)
New Mexico statute: section 53-19-53(E) (unregistered foreign LLC penalty)
New Mexico statute: section 53-5-7 (corporate report penalty)
New Mexico statute: section 53-5-2 (biennial corporate report)
New Mexico statute: sections 53-19-39 and 53-19-40 (dissolution)
New Mexico statute: section 53-19-66.2(C) (reinstatement is retroactive)
New Mexico statute: section 53-19-5(A) (registered office and agent)
New Mexico statute: section 7-2A-5.1 (corporate franchise tax)
New Mexico regulation: 3.15.100.8(A) NMAC (LLCs not subject to franchise tax)
New Mexico regulation: 3.15.100.8(B) (LLCs filing as corporations)
New Mexico rule: 12.3.4.11 NMAC (required LLC filings)
sos.nm.gov/business-services/New Mexico Secretary of State: business entity filings
nmonesource.com/nmos/nmsa/en/4400/1/document.doNew Mexico statute: annual report exemption

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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.

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