New Mexico LLC Formation
New Mexico LLCs are fairly affordable to form, with a low startup cost and unlike other states there is no annual report requirement. Instead, LLCs are seen as pass-through entities and only need to be sure to file the New Mexico Information Return for Pass Through Entities each year, which is free. New Mexico charges a gross receipts tax of 5.125% statewide, however there are some local tax districts that will charge their own gross receipt taxes in addition to it.
The New Mexico Articles of Organization are processed within 15 days according to the state filing time frames.