How to Shut Down a Business in New Mexico
Complete guide to dissolving your business entity with the New Mexico Secretary of State.
Quick Answer
To dissolve a business in New Mexico, file Domestic Limited Liability Company Articles of Dissolution with the New Mexico Secretary of State. The LLC filing fee is $25 and corporation fee is $50. New Mexico requires tax clearance from the New Mexico Taxation and Revenue Department before dissolution. Standard processing takes 10-15 business days.
Quick Facts
| Filing Agency | New Mexico Secretary of State |
| Website | https://www.sos.nm.gov/business-services/ |
| LLC Dissolution Fee | $25 |
| Corporation Dissolution Fee | $50 |
| Tax Clearance Required | Yes |
| Processing Time | 10-15 business days |
| Online Filing | Yes |
| Phone | (505) 827-3600 |
LLC Dissolution in New Mexico
Steps to Dissolve an LLC
- 1 Vote to dissolve according to your operating agreement
- 2 Settle all debts and obligations and wind up business affairs
- 3 File final tax returns with the NM Taxation and Revenue Department
- 4 Request a Corporate Certificate of No Tax Due from the Taxation and Revenue Department
- 5 File Articles of Dissolution with the Secretary of State ($25 fee)
- 6 Cancel any licenses, permits, and DBAs
- 7 Close your business tax accounts via the Taxpayer Access Point (TAP)
Corporation Dissolution in New Mexico
Steps to Dissolve a Corporation
- 1 Board of directors adopts a resolution to dissolve
- 2 Shareholders approve the dissolution by majority vote
- 3 File a Statement of Intent to Dissolve with the Secretary of State
- 4 Notify all known creditors and claimants
- 5 Settle all debts, obligations, and distribute remaining assets
- 6 File final tax returns with the NM Taxation and Revenue Department
- 7 Obtain a Corporate Certificate of No Tax Due
- 8 File Articles of Dissolution with the Secretary of State ($50 fee)
Tax Requirements
Tax Agency: New Mexico Taxation and Revenue Department
https://www.tax.newmexico.gov/
Phone: (866) 285-2996
You must request a Corporate Certificate of No Tax Due from the Taxation and Revenue Department before dissolving. Close your business tax accounts through the Taxpayer Access Point (TAP) at tap.state.nm.us. File form ACD-31015 to close your business tax registration.
Additional Requirements
Contact Information
Agency: New Mexico Secretary of State
Address: 325 Don Gaspar, Suite 300, Santa Fe, NM 87501
Phone: (505) 827-3600
Email: Business.Services@sos.nm.gov
Website: https://www.sos.nm.gov/business-services/
Online Portal: https://enterprise.sos.nm.gov/
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This guide is for informational purposes only and does not constitute legal advice. Information is sourced from official state websites and was last verified in 2026. Always confirm current requirements directly with the New Mexico Secretary of State. Consult an attorney for advice specific to your situation.