New Mexico LLCs don’t have to file an Annual Report

In most states, your LLC is legally required to file an annual report with the state. Failure to do so can lead to fines and even the closure of your business, so it’s crucial that you stay up-to-date. 

But New Mexico has no annual report filing requirement. The only requirement for LLC’s is to maintain a registered agent and keep your business information up to date.

What Is an Annual Report?

In most states, your LLC must file an annual report, also known as a statement of information, with your state to keep your company in good standing. In New Mexico however, all that is required to remain in good standing is keeping your business records up to date.

Who Needs to File an Annual Report?

New Mexico LLCs do not need to file an annual report.

Conclusion

Filing an annual report is not a requirement for LLCs in New Mexico, but it’s crucial that you take the time to update the state with any changes to your registered agent or company information. This will ensure your company is allowed to operate uninterrupted and with no legal penalties.