New Mexico vs Florida LLC: which U.S. state is cheaper to keep?

A New Mexico vs Florida LLC comparison is mostly about the years after formation. New Mexico (NM), a U.S. state, charges $50 to form and nothing after that: no annual report, no yearly State fee. Florida charges $125 to form and then wants an annual report, with fees, every spring. If you live outside the U.S. and want a private LLC that's cheap to keep, New Mexico is the better pick, and it's the state EXNNA forms in.

New Mexico vs Florida LLC at a glance

Florida's figures come from Florida Statutes §§ 605.0212, 605.0213 and 607.193. New Mexico's come from NMSA 1978 § 53-19-63.

Which state is cheaper to form an LLC in?

Between a New Mexico and a Florida LLC, New Mexico is cheaper from day one: its State fee is $50. Florida's statute sets $100 for the Articles of Organization (the document that creates the LLC) and $25 for the certificate designating its registered agent, so you start at $125 before any service fee.

With EXNNA, the New Mexico fee is already inside the $200 total, together with 12 months of registered agent service, the Operating Agreement and the filing itself. See what an LLC really costs for every line.

How much does each state cost per year?

This is where a New Mexico and a Florida LLC split the most. A Florida LLC files an annual report between January 1 and May 1 of every year after the one it was formed in. The report fee is $50, and Florida adds an $88.75 supplemental fee to every entity that files one, so the yearly bill is $138.75.

A domestic New Mexico LLC files no annual report and pays no annual fee to the Secretary of State. Its only standing duty with the State is to keep a registered agent and a registered office in New Mexico. More on yearly duties in LLC annual report requirements.

Which state keeps your name off the public record?

Florida's annual report must give the name, title and address of at least one person with authority to manage the company. Every year, someone's name goes on file.

New Mexico has no yearly report, and its Articles of Organization don't have to list owners or managers. With EXNNA, we sign as organizer and our registered agent is on file, so the public record shows us, not you. Here is how an anonymous LLC works.

Is a New Mexico vs Florida LLC better for a non-resident?

For most founders abroad, New Mexico. Neither state asks where you live, and in both you can work with clients, platforms and banks across the U.S. An LLC is not limited to selling in the state that formed it. What differs is upkeep and privacy: New Mexico has no report to remember, no yearly fee and no names to file.

Florida makes sense when the business really operates there, for example with an office, staff or property in the state. That is a different situation from a founder abroad who needs a U.S. company. If you are still choosing, compare New Mexico vs Texas and the cheapest state to form an LLC.

How do you form a New Mexico LLC with EXNNA?

1. Enter the company name, two backups, the number of members and an email. No ID documents are needed.
2. Sign the service agreement online.
3. Pay the total in U.S. dollars or in your local currency, where available, by card, online.
4. Follow each step in your dashboard. The State usually approves in 1–3 business days.

Your Articles and Operating Agreement are ready to download as soon as the LLC is formed. Check the name first with an LLC name search, see every option on our pricing, or form your LLC online now.

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