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State Compliance Pack

New Mexico

Region:

New Mexico has no annual report requirement for LLCs, but most businesses still need to register for the state’s Gross Receipts Tax (GRT).

Compliance Snapshot

Filing Agency New Mexico Secretary of State ↗
Annual / Periodic Report Not Required (Due: Not applicable: New Mexico does not require LLCs to file an annual report)
Report Fee None (VERIFY ANNUALLY)
Franchise / Privilege Tax Not Required

New Mexico does not impose a franchise tax on LLCs.

Registered Agent Required by state law
Sales / Use Tax Registration Register ↗
State Income Tax New Mexico applies a Gross Receipts Tax (GRT) on most business activity in lieu of a traditional sales tax. Confirm whether your LLC needs to register and collect GRT.
Official Business Portal Visit Portal ↗

Additional Notes

No annual report, but check GRT: New Mexico is one of the few states with no LLC annual report requirement. However, most businesses must register for and collect the state’s Gross Receipts Tax (GRT), which functions similarly to a sales tax but applies more broadly.

Compliance data last verified: June 12, 2026. Always confirm current fees and deadlines with the official filing agency before filing.

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