New Mexico Foreign Registration/Yearly reporting
Is there an annual report for a foreign LLC in New Mexico?
No: New Mexico sets no annual report for a foreign LLC, only a $50 amended registration when the people who manage the company change. That is what the Limited Liability Company Act sections on foreign LLCs say. A foreign corporation does file a report every two years, for $25.
Yearly reporting at a glance
- Foreign LLC annual report
- None for a foreign LLC
- Foreign LLC amendment
- $50, when management changes
- Agent or office change
- $20
- Foreign corporation report
- $25 every two years
- First corporate report
- Within 30 days after the certificate is issued
Where the rule sits
The Act's sections on foreign LLCs and its fee section set no report, no due date and no report fee for a foreign LLC, so the registration stays in place at no yearly cost until the company cancels it.
What does recur for an LLC
Three events call for a New Mexico filing. If the persons in whom management is vested change, the registration must be amended, at $50, with authenticated amended articles attached. A new registered agent or office requires a filing at $20. And leaving requires a cancellation at $25.
Keep the home record clean
The reporting that matters to a foreign LLC happens at home. The home certificate is issued only when the LLC is in good standing there, and New Mexico requires a fresh one, within 30 days, for any new registration. An LLC that lets its home standing lapse cannot register here, and one that has registered can find it hard to produce a certificate for a lender. The Delaware and Wyoming pages show what those two states charge each year.
Corporations: the corporate report
A foreign corporation that is not exempt files a corporate report within 30 days after its certificate of authority is issued, and then every two years on or before the fifteenth day of the fourth month following the end of its taxable year. The report is sworn by the chair of the board, president, vice president, secretary, principal accounting officer or authorized agent. For a corporation whose taxable year ends December 31, the fourth month after year end is April, so the biennial report falls due on April 15.
Corporations: the supplemental report
After the corporate report is on file, a change of registered office or agent, of any director or officer, or of the principal place of business calls for a supplemental report within 30 days. Each report, corporate or supplemental, costs $25. A corporation that changes its officers often will file more often than the two-year cycle suggests.
Amending when management changes
The amended registration sets forth the name of the company, the date the original application was filed, and the amendment. It is filed through the same portal, costs $50, and carries an authenticated copy of the amended articles of organization. Name the people who manage the company the way the LLC's records name them, so the amendment matches the home-state record and the original application.
Agent and office changes
Moving to a new registered agent or office takes a $20 statement. An agent that changes only its own address files a statement for $20. Registration plus one agent change is $120 in state fees.
Dates to keep for an LLC
Keep two dates on the company's calendar. The first is the home-state annual date. The second is any change in who manages the company, which calls for the amendment.
Checking what is on record
To see which filings the state holds for a company, log in to the portal and search the business by name or business ID. Opening the record lists its filing history, with the type, number and date of each filing and the changes it made.
If you stop doing business here
Because staying registered costs nothing yearly, a quiet LLC can wait. Cancelling at $25 makes sense once business has ended for good. The cancellation page has the steps.
Reporting questions
Does a foreign LLC pay a yearly fee in New Mexico?
Not under the Act sections on foreign LLCs.
What if the LLC changes managers?
File an amended registration, $50.
How often does a corporation report?
Every two years, plus supplemental reports within 30 days of certain changes.
What does the corporate report cost?
$25.
Our fee and the New Mexico fee
Start my New Mexico registration
- The New Mexico application drafted from what you tell us
- Your home-state certificate checked against the thirty-day limit before anything is filed
- A New Mexico registered agent, supplied by us or named by you
- The filed record emailed to you
- Renewal: after the first year, the agent service renews at $149 a year
$199
+ $100 New Mexico fee (LLC)
Start my New Mexico filingNew Mexico charges $100 to register a foreign LLC. A foreign corporation pays at least $200. $199 plus the state fee, including your first year of registered agent service; after that the agent service renews at $149 a year.
Sources
- New Mexico Statutes Annotated 1978, Limited Liability Company Act (Chapter 53, Article 19)
- New Mexico Statutes Annotated 1978, section 53-2-1, fees of the Secretary of State
- New Mexico Statutes Annotated 1978, section 53-5-2, corporate and supplemental reports
- New Mexico Secretary of State, business online filing user guide
Registering in New Mexico?
Choose LLC or corporation and give us the formation state.