Q: What are the filing fees for an LLC in New Mexico?
A: The filing fee for an LLC in New Mexico is $50 if filed online or $100 if filed by mail or in person.
In addition to the filing fee, New Mexico requires LLCs to file an annual report and pay a $25 annual report fee.
Q: What are the tax implications of forming an LLC in New Mexico?
A: LLCs in New Mexico are subject to a state gross receipts tax, which is a tax on the total gross receipts (sales) of the LLC's business activities.
The tax rate varies depending on the type of business activity, but generally ranges from 5.125% to 8.844%.
New Mexico does not impose a state corporate income tax or personal income tax on LLC members.
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