How to Dissolve an LLC in New Mexico (2026)
To dissolve an LLC in New Mexico, file Articles of Dissolution with the New Mexico Secretary of State, for a $25 fee, online (as of late 2024, New Mexico requires business filings to be submitted electronically and no longer accepts paper). No tax clearance is required. The distinctive part is what New Mexico doesn't have: it's one of the very few states with no annual report and no annual fee for LLCs, so a dormant New Mexico LLC isn't accruing state charges the way it would almost anywhere else.
Here's the full process and the New Mexico-specific specifics.
New Mexico LLC dissolution at a glance
| Item | Detail |
|---|---|
| Form | Articles of Dissolution (Form DLLC-DV) |
| Filing fee | $25 |
| Where to file | New Mexico Secretary of State — online only via the business e-file system (paper no longer accepted) |
| Processing time | About 10–15 business days; expedite same-day $300 / 2-day $200 |
| Tax clearance | Not required |
| Annual report | None — New Mexico LLCs have no annual report or annual fee |
| Final return | Final New Mexico and federal returns |
Step 1: Vote to dissolve and document it
Check your operating agreement for the dissolution procedure and hold the required member vote (New Mexico's default is a unanimous decision among members unless the agreement says otherwise), then record it. The Articles of Dissolution ask for the LLC's legal name and business ID, the date the Articles of Organization were filed, and what triggered the dissolution. Documenting the decision supports the filing.
Step 2: Wind up the business and settle debts
Wind up the LLC's affairs: notify creditors and clients with an interest in the company, pay or provide for the company's debts, and distribute remaining assets to members, creditors first. Provide creditors a mailing address for submitting claims. Distributing assets ahead of creditors can create personal exposure.
Step 3: Handle final taxes
New Mexico doesn't require a tax-clearance certificate to dissolve. File your final New Mexico and federal returns, marked final, and close your tax accounts (gross receipts tax, withholding) with the New Mexico Taxation and Revenue Department. Depending on which tax accounts your LLC held, closing each one is the practical tax step.
Step 4: File the Articles of Dissolution
File Form DLLC-DV, Articles of Dissolution, through the New Mexico Secretary of State's business e-file system, $25. New Mexico has moved entirely online, paper filings are no longer accepted, so you submit electronically. Normal processing runs about 10–15 business days; expedited options are available (same-day for $300, two-day for $200). Once processed, the LLC is no longer a legal entity and can't conduct business in New Mexico.
Step 5: Close accounts, licenses, and registrations
Finish by canceling local business licenses and permits, closing business bank accounts, canceling the EIN with the IRS if appropriate, and withdrawing any out-of-state registrations.
The New Mexico wrinkle: no annual report to begin with
New Mexico's defining feature is one of the rarest in the country: New Mexico LLCs have no annual report and no annual fee. In almost every other state, an LLC owes a yearly (or biennial) report or fee just to stay active, which is the main reason dissolving promptly matters, the charges pile up otherwise. New Mexico doesn't work that way. There's no recurring state report or fee for an LLC, which is part of why New Mexico is known as a low-maintenance, privacy-friendly state for LLCs.
That changes the urgency calculus. Because nothing accrues from the state, a dormant New Mexico LLC isn't racking up annual fees the way one would in, say, Nevada or Massachusetts. But formally dissolving is still the cleaner choice: it closes your tax accounts with the Taxation and Revenue Department, ends the entity definitively, and removes the risk of a dormant LLC being misused. So New Mexico uniquely lessens the financial pressure described in can you just walk away from an LLC, but the $25 online filing is still the tidy way to close. One practical note: New Mexico is online-only now, so there's no paper form to mail, and if the LLC is ever administratively revoked, you have two years to reinstate before you'd have to form a new entity.
Frequently asked questions
Does New Mexico require an annual report for LLCs?
No. New Mexico is one of the very few states where LLCs have no annual report and no annual fee, there's no recurring state filing for an LLC. That means a dormant New Mexico LLC isn't accumulating yearly charges, unlike in most states. You should still formally dissolve when you're done, to close your tax accounts and end the entity cleanly, but New Mexico removes the annual-fee pressure that drives prompt dissolution elsewhere.
How much does it cost to dissolve a New Mexico LLC?
The Articles of Dissolution cost $25, filed online with the Secretary of State. There's no tax-clearance fee and no back-annual-report cost (New Mexico LLCs have no annual report). Expedited processing is available for an extra fee ($300 same-day, $200 two-day) if you need it. For most New Mexico LLCs, the $25 filing fee is essentially the whole cost.
Can I dissolve a New Mexico LLC by paper?
No. As of late 2024, the New Mexico Secretary of State requires business filings to be submitted online through its e-file system, paper filings are no longer accepted. So you file the Articles of Dissolution electronically. Standard processing takes about 10–15 business days, with expedited options available for an additional fee if you need faster turnaround.
This page covers the New Mexico specifics; for the general framework, see our complete guide to how to dissolve an LLC, and for nearby states, Arizona and Texas. New Mexico's official filing is at the New Mexico Secretary of State, and taxes through the New Mexico Taxation and Revenue Department.