NM Santa Fe, New Mexico

New Mexico LLC Guides for Care & Wellness Businesses

Thinking of starting a care or wellness business in New Mexico? Below you'll find the LLC formation details for New Mexico alongside a complete guide for each service type.

New Mexico LLC at a Glance

Filing Fee
$50
Processing Time (estimate)
5–7 business days (online)
Annual Fee
No annual fee
State Income Tax
Yes
Annual Report
No annual report required
Filing Agency
New Mexico Secretary of State

Note: New Mexico LLCs file no annual report and pay no annual fee to the Secretary of State, which makes it one of the cheapest states to maintain. Note this exemption is specific to LLCs — New Mexico corporations do have ongoing report obligations.

Checked against New Mexico Secretary of State guidance on . Sources: New Mexico Secretary of State — Business Services; New Mexico Business Portal — Forms.

Session.care builds appointment-booking software. This is general information, not legal, tax, or professional-licensing advice, and fees and deadlines change. Speak to a qualified New Mexico attorney or accountant before you file.

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