| NEW MEXICO |
| Name |
Must contain words Incorporated, Corporation, Company, Inc., Co., Corp., Limited Liability Company, Limited, Limited Company, or Ltd., L.L.C., L.C., LLC or LC. Fictitious name filing fee is $50. |
| Information about Directors and Officers |
Company must have at least one Director. One director can hold all officer positions. Required minimum of age is 18. No requirements for residence. It is required to list Directors in the Articles of Incorporation. No requirement to list Officers. |
| Requirements for address |
Home or Office address can be considered as company address. P.O. Box is not admissible. |
| Registered Agent |
Registered Agent is required if you do not live or have an office in New Mexico. Otherwise, you can be your Own Registered Agent. |
| Shares/Stock information |
You may authorize up to 100,000 shares of stock for the minimum-filing fee of $100,000). Initial filing fees may change with an increase in shares or par value. |
| Annual statement |
A biannual Profit Corporation report must be filed every two years on or before the 15th day of the 3rd month following the end of their tax year. The filing fee is $25. |
| State fees |
$100 filing fee. |
| Income tax rate |
The tax rates are 4.8% of net income up to $500,000, 6.4% from $500.000 to $1,000,000, or 7.6% of net income over $1,000,000. |
| Franchise tax |
Is due each year. The rate is $50 each tax year. |
| S Corporations |
Status is recognized by the State. Separate State election from the federal election is not required. |
| License requirements |
Most businesses must obtain a license and pay a fee if operating in the State. Check with the State to make sure your business is complying with the license requirements for your particular profession. Business license typically costs $50 and must be paid every two years. |
| Corporate records |
The stock transfer ledger must be kept in the principal corporate office. |
