NM · formation guide
Incorporating in New Mexico
The quiet option: anonymous LLCs with no annual report.
Who this state fits
Privacy-focused solo owners and passive holding entities with tight budgets.
Multiple companies: A low-cost anonymous parent alternative to Wyoming; pair it with operating subsidiaries in the states where you really do business.
Pros
- Lowest filing fee among the popular states at $50
- No annual report and no annual state fee for LLCs — lowest maintenance anywhere
- Anonymous ownership: no members or managers in the public record
- Attractive for a passive parent or IP-holding entity
Cons
- Thin case law and little name recognition with banks and investors
- Not investor-friendly — expect to convert before a priced round
- New Mexico gross receipts tax if you actually sell into the state
- Corporations face franchise tax and more reporting than LLCs
Filing walkthrough
- 1
Check the name
Search the Secretary of State's business search for conflicts.
- 2
Line up a registered agent
Their acceptance is part of the Articles of Organization.
- 3
File Articles of Organization online
Filed through the New Mexico Corporations and Business Services portal for $50.
- 4
Sign the operating agreement
Especially important here — the state record contains almost nothing about ownership.
- 5
Get your EIN
Then open a bank account; some banks ask for the operating agreement because ownership is not public.
- 6
Register for CRS if you sell in-state
Taxation and Revenue Department registration for gross receipts tax.
After the state approves your filing, continue with the EIN and tax walkthrough.