New Mexico

A NM corporation must continuously maintain a registered office and a registered agent who is either an individual resident of New Mexico whose business office is identical with the registered office, or a domestic corporation or authorized foreign corporation with a business office identical with the registered office. The LLC Act is slightly broader: an individual NM resident, or a domestic corporation, LLC, or partnership with a NM place of business identical to the registered office, or an authorized foreign corporation, LLC, or partnership with such a place of business (NMSA 53-19-5(A)(2)).

Consent required: yes.

• Administrative DissolutionRevocation / administrative dissolutionThe state involuntarily ending an entity's authority to do business - for missed annual reports, a lapsed registered agent, or unpaid fees.Read the full entry →. A corporation that fails for 30 days to appoint and maintain a registered agent (or to file a change statement within 30 days) is notified of delinquency; if not corrected within 60 days of the letter, the secretary of state issues a certificate of revocation. Reinstatement is available only within two years of revocation.
• Other. The reinstatement window is limited: an administratively revoked corporation (or LLC, NMSA 53-19-66.2(A)) may apply for reinstatement only within two years after the effective date of revocation; reinstatement then relates back as if revocation never occurred.
• Administrative Dissolution. An LLC may be administratively revoked for failing for 30 days to appoint and maintain a registered agent, or failing for 30 days after a change to file the change statement; reinstatement within two years (53-19-66.2).
• Revocation Foreign. Failure to appoint and maintain a registered agent is an express ground for revoking a foreign corporation's certificate of authorityCertificate of authorityPermission for an entity formed in one state to do business in another - the 'foreign' registration.Read the full entry → (after not less than 60 days' mailed notice and failure to cure); on revocation, authority to transact business ceases, with a two-year reinstatement window (53-17-18(C)). The foreign LLC analog operates through registration cancellation/penalty provisions.
• No Court Access. A foreign LLC transacting business without registration cannot maintain an action in NM courts until registered, and is liable for back fees plus a civil penalty of up to $200 per year; the corporate analog is 53-17-20(A). Unregistered foreign LLCs also automatically appoint the secretary of state as agent for service (53-19-53(C)).

Filing office

None - New Mexico has no DBA/trade nameDBA / fictitious nameA name a business operates under that is not its legal name - 'doing business as.' Also: assumed name, trade name, fictitious business name.Read the full entry → registration at state or county level

State fee

n/a

Term

n/a

Renewal

n/a

Publication

Not required. n/a

Online filing

Not available

The regime

New Mexico has no general DBA / assumed-name / fictitious-business-name registration statute - no state filing and no county filing is required or provided for sole proprietors or general partnerships operating under an assumed name (corpus regime check, 2026-08-01; the NMSA partnership chapter contains no assumed-name article). What New Mexico does offer is (1) entity-name provisions for registered entities, including a fictitious-name mechanism for foreign corporations whose names are unavailable (NMSA 1978, 53-17-3), and (2) voluntary trademark/service-mark registration with the secretary of state under the Trademark Act, which defines but does not register 'trade names'.

Assumed names for registered entities

New Mexico's assumed-name law is entity-side only. A domestic corporate name must contain a corporate indicator and must not be the same as or confusingly similar to existing or reserved names (NMSA 1978, 53-11-7(A)). A foreign corporation cannot receive a certificate of authority if its name - or, since the 2021 amendment, the name under which it proposes to transact business in New Mexico - conflicts, unless it files a board resolution adopting a non-confusing fictitious name, obtains the other holder's written consent with a distinguishing addition, or presents a court decree establishing its prior right (NMSA 1978, 53-17-3).

Official source

www.sos.nm.gov/business-services↗ (opens the official source)

What it is called

Corporate Franchise TaxFranchise taxA recurring tax on the privilege of existing as an entity in a state - not a tax on franchising a business.Read the full entry → (Corporate Income and Franchise Tax Act, NMSA 1978 ch. 7 art. 2A)

Administering agency

New Mexico Taxation and Revenue Department (TRD); SOS handles no franchise tax

Corporation minimum

$50

How it is computed

Corporate franchise tax = flat $50.00 per taxable year or any fraction thereof (NMSA 7-2A-5.1) - no base, brackets, or cap; min = max = $50. Imposed by NMSA 7-2A-3(B) on every domestic corporation and every foreign corporation doing business in/into/from NM, deriving income from NM property or employment, OR merely having/exercising its corporate franchise in NM whether active or not (registering with the SOS or appointing an NM registered agent suffices - FYI-350). Includes S corps; due even when P.L. 86-272 bars income tax; each member of a combined/consolidated group owes its own $50 (NMAC 3.15.100.9). LLCs: NOT subject if default-taxed (partnership/disregarded) - NMAC 3.15.100.8(A); an LLC taxed as a corporation federally that exercises its franchise in NM IS subject to the $50 (3.15.100.8(B); NMSA 7-2A-2(G)). Exempt (NMSA 7-2A-4): premium-tax-paying insurers/HMOs, federal-exempt employee-benefit trusts, 501(c) nonprofits without UBI. Due with the corporate income/franchise return (CIT-1 or S-Corp) on the FEDERAL return due date (7-2A-9(A),(B)); approved e-filers get to the last day of that month (7-2A-9(C)). No other franchise-like levy: no annual state business license; NM Gross Receipts Tax is a transaction/sales-type tax with no fixed annual minimum. Default-taxed NM LLC recurring state cost = $0 (no annual report either).