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New Mexico LLC ORDER ONLINE
New Mexico LLC ( Limited Liability Company )
ORDER ONLINE: Use this online order form and pay by credit card.
ORDER BY FAX: You can print and fax us this order form.
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New Mexico Registered Agent
New Mexico Registered Agent / Resident Agent
Pricing $89.00 per year, special for pre-pay $40 per year
Don’t get fooled by companies claiming the lowest price and increasing it later. Our pricing is very simple. We charge $89 per year. We also have few specials. Whenever you decide to pre-pay additional years you get them for $40/year.
Why you need a Registered Agent?
New Mexico State laws require business entities to maintain a Resident Agent in the state that you form your business. The agent’s name and office address are included in the Articles of Incorporation or Articles of Organization to give public notice of where to send important documents to your business entity.
If you need Registered agent in other State than New Mexico click here.
We offer Registered Agent service in all 50 States.
State Fee for changing New Mexico Registered Agent
Change of Registered Agent/Registered office for a Corp.: $10.00; for a LLC: $20.00.
Registered Agent Requirements
Each corporation shall have and continuously maintain in New Mexico: A. a registered office which may be, but need not be, the same as its principal office; and B. a registered agent, which agent may be either an individual resident in New Mexico whose business office is identical with such registered office, or a domestic corporation, whether for profit or not for profit, or a foreign corporation, whether for profit or not for profit, authorized to transact business or conduct affairs in New Mexico, having an office identical with such registered office.
New Mexico Annual Report
Annual Reports for New Mexico Corporations & LLCs
An initial report is due within thirty (30) days after the date on which the Commission issued the corporation’s Certificate of Incorporation. If not filed by this date, you owe a late penalty of two hundred dollars ($200.00), unless the Commission granted an extension pursuant to NMSA Section 53-5-6. If the report is late and the Commission did not grant a extension, insert two hundred dollars ($200.00) in box 9b and total the fees owed. Payment of fees must accompany this report or the Commission will not accept it for filing.
A biennial report is due on or before the fifteenth day of the third month following the end of the corporation’s taxable year (see Subsection C of 12.3.2.8 NMAC for information on determining your filing year). A supplemental report is due within thirty (30) days of the change necessitating the report. If not filed by these dates, you owe a late penalty of two hundred dollars ($200.00), unless the Commission granted an extension pursuant to NMSA Section 53-5-6. If the report is late and the Commission did not grant an extension, insert two hundred dollars ($200.00) in box 9b and total the fees owed. Payment of fees must accompany this report or the Commission will not accept it for filing.
A Biennial Profit Corporate Report is required every other year depending on the last digit of the NMPRC number. If the corporation has a last digit that is even, then they file a Biennial Profit Corporate Report for the even taxable year-ends. The opposite will apply to the odd last digit NMPRC number corporations, as they will file for the odd taxable year-ends.
LLCs are exempt from filing reports.
If you need help, we can file the initial and/or biennial report for you. Our fee is only $45. To order our service, please click on the following link:
Order New Mexico Biennial Report Service
Additional Services
New Mexico Additional Services
TAX ID (Employment Identification Number - EIN) - FREE
Self-Service: Obtaining a Tax ID number doesn’t cost any money. You can apply by phone, fax or mail. You can also call toll free at (800) 829 4933 and get EIN instantly over the phone. If you apply by fax, it takes about 4-5 business days. If you apply by mail, it takes about 3-4 weeks. Please find information about Tax ID – EIN here.
Full Service: Do you need assistance with obtaining a tax ID? We can help prepare the form and obtain the tax ID for $45. Order here Tax ID.
S CORPORATION STATUS ELECTION
What is “S Corporation”?: An “S Corporation” is a corporation that elects to be taxed under Subchapter S of the Internal Revenue Code and receives IRS approval of its request for Subchapter S status. As a legal entity (an artificial person), the S corporation is separate and distinct from the corporation’s owners (the stockholders). Under Nevada incorporation law, there is no distinction between a C corporation and an S corporation. The incorporation process is the same. However, the two type of corporate entities are subject to differing federal and state tax treatment. Our cost is $45. Order S Corporation filing here.
CORPORATE KITS
Corporate kits start at only $82.50. LLC and INC. Click here to order corporate/LLC kits for any U.S. state.
FINCEN BENEFICIAL OWNERSHIP INFORMATION REPORTING
We can help you submit the filing with FinCEN for your company. Companies formed in 2024 have 90 days to file initial reports after receiving official notification of their creation. Companies existing before 2024 have a deadline of January 1, 2025, for their initial reports. Those established after 2025 will have 30 days to file initial reports after registration.
Let IncParadise efficiently and affordably handle your BOI reporting with FinCEN, allowing you to focus on running your business and avoid costly compliance mistakes.
NEW MEXICO CERTIFICATE OF GOOD STANDING
A certificate of good standing (certificate of existence) is a document issued by the Secretary of State certifying that your corporation does exist legally and that it is in good standing with the state. We can obtain one for you. The fee is $89 + state fee.
NEW MEXICO APOSTILLE
In 1981, the United States joined the 1961 Hague Convention abolishing the Requirement of Legalization for Foreign Public Documents. The Convention provides for the authentication of public (including notarized) documents to be used in countries that have joined the convention. Apostille of Articles of Incorporation or other document is issued by the Secretary of State. Price is $89 + state fee.
NEW MEXICO REINSTATEMENT OF CORPORATION/LLC
If your charter was revoked and you want reinstate the company, you have to pay all due fees and penalties and file appropriate annual reports.
Do you need somebody to handle reinstatement for you? Please contact us! We charge $89. We can find out how much money you owe for state fees.
NEW MEXICO AMENDMENTS OF ARTICLES
There are times when a business needs to change the information included in the Articles of Incorporation or Articles of Organization. To do this, you need to file an amendment with the New Mexico Secretary of State. Some reasons a business may need to file an amendment are to change the company’s name, to expand or alter the company’s business purpose, or to change the number of authorized shares or par value (for corporations only).
Do you need somebody to handle the filing of amendment for you? Please contact us! We charge $89 + state fees. Pay by PayPal (our email address is paypal@https://incparadise.net).
FOREIGN QUALIFICATION (all U.S. states)
Registration of foreign company qualifying to conduct business in other states: If your company expects to transact business outside your state of formation, your company may be required to qualify as a “foreign corporation” or “foreign LLC.” We can file the necessary paperwork to qualify your business as a foreign corporation or LLC in any of the 50 states.
Do you need somebody to handle foreign qualification for you? Please contact us!
Read more information about Foreign Qualification here
Foreign qualification fees
U.S. ADDRESS FOR PERSONAL OR BUSINESS USE AND MAIL FORWARDING
Do you need U.S. street address as your mailing address. Mail is forwarded once a week. We offer mail forwarding service based in Las Vegas, NV.
There are two options:
– $150 per year. $2.50 per mailout plus postage.
– $99 per year. $5.50 per mailout plus postage.
BUSINESS LICENSE REPORT
Business licenses are mandatory for every business in the USA to operate legally. You may require federal, state, local licenses, permits, and tax regulations for your business.
Obtaining business licenses and permits is a daunting and time-consuming process as it entirely depends on the business industry, location, etc. IncParadise makes the business license process easy for you by delivering a report that lists the required federal, state, local licenses, permits, and tax regulations. Our expert research team searches, identifies and verifies the local, state, and federal licenses and permit requirements for your business type and location. They then send you the report with a list of these business license requirements so that you can save yourself time and effort.
TOLL-FREE NUMBERS
We offer the best toll-free numbers on the market. Nationwide businesses, mid-sized and small businesses, and families can order toll-free 800 services and get a number that rings directly to your home or business. Redirect it to your fax machine or cell phone and back as you change locations. Track calls on the Internet in real time. Select an easily remembered vanity number for your business. You will get: custom routing, voice mail, inbound faxing, website account management, call recording, lead generation, vanity numbers, national toll-free database search and much more!
Advantages of Incorporating a Business in New Mexico
Advantages of Incorporating a Business in New Mexico
The “land of enchantment”, New Mexico is considered to have one of the best pro-business environments in the country. Although there are several reasons why you should register a new company in New Mexico the top most is the tax structure created to support manufacturers. According to a report by Ernst & Young, New Mexico has the lowest effective corporate income tax rate for manufacturing. There has also been a 22% reduction in corporate tax across all industries. Some of the other supporting factors for small businesses include:
- Zero inventory tax
- Competitive Incentives
- One of the lowest property tax in the nation
- Low energy costs
- Affordable real estate
Advantages of setting up an LLC Or Corporation
If you are thinking of a startup company in New Mexico then the good news is that the State of New Mexico and its communities are offering existing and future employers or businesses aggressive incentives as this will facilitate job creation as well as investment. The incentives vary from one industry to another with top industries being Advanced Manufacturing, Emerging Technologies, Logistics, Transportation & Distribution, Energy & Natural Resources, and IT & Data Centers. Of course, there are salient advantages on the type of business you form whether it is an LLC or a Corporation in New Mexico.
Advantage#1: Salient benefits of Corporation or LLC formation
Corporation
- Incentives according to industry: Whether you form a C Corporation or an S Corporation, there are several benefits available based on the type of industry you choose e.g., you can leverage the following incentive programs in the Advanced Manufacturing industry:
– Trade Support Company in a Border Zone
– Angel Investment Credit
– High Wage Jobs Tax Credit
– Consumables Gross Receipts Tax Deduction for Manufacturers
– Investment Tax Credit for Manufacturers
– Single Sales Factor
– Rural Jobs Tax Credit
– Texas/New Mexico Border Residents’ Tax Exemption - Independent Life: If you register a new business in New Mexico as an S Corporation then the most important advantage is that it will enjoy an independent life. The business entity will continue operation undisturbed even if it faced the death of one of its stockholders.
- Pass through taxation: If you register a new company in New Mexico as an S corporation then the corporation or firm will not pay any income tax. Instead, the income or loss of the corporation will be passed on to the stockholders.
LLC
- Flexibility of taxation: When you register a new business in New Mexico as an LLC, the choice of taxation can vary from that of a sole proprietorship, partnership, C Corporation or S corporation and this provides great flexibility.
- Incentives according to industry: If you are planning to form a limited liability company, there are several benefits and incentive programs that you can benefit from. These are available based on the type of industry you choose e.g., you can leverage the following incentive programs in the “Value Added Agriculture” industry:
– Rural Jobs Tax Credit
– Consumables Gross Receipts Tax Deduction for Manufacturers
– Beer & Wine Producers’ Preferential Tax Rate
– Investment Tax Credit for Manufacturers
– Opportunity Zone tax credits and other incentives
– Texas/New Mexico Border Residents’ Tax Exemption
– Single Sales Factor - Limited Liability: The owner of a New Mexico LLC will be able to enjoy limited liability protection, which means creditors can sue the LLC but not the owner or investors.
Advantage#2: Business Incentives
There are several factors that are responsible for creating a pro-business climate and the foremost among them are the various incentives and financing programs. A start-up company in New Mexico has to qualify for the incentive programs. Most of these programs are state governed although some are Federal incentive programs. Let’s take a look at a few of such incentive programs:
- High-Wage Jobs Tax Credit: This is a tax credit program that you can qualify for after you register a new company in New Mexico. You can get credit on 10 percent of the wages. The ceiling for this tax credit is $12,000.
- Manufacturers Investment Tax Credit: This is a tax credit aimed at businesses in the manufacturing industry or sector. Your business can get a maximum tax credit of 5.125 percent of the value of machinery or equipment purchased as well as any other property that is being used in business operation. This credit can also be applied against gross receipts, compensating, or withholding tax of up to 85% of the total.
- Rural Jobs Tax Credit: You can apply for this tax credit only after you register a new business in New Mexico. This credit is applied on taxes that are due on (state) gross receipts, personal income tax, or corporate income tax. It is also important to ensure your business is situated in Tier 1 or Tier 2 rural areas. This tax credit can be carried forward for a period of 3 years. Tax Credit Application
Are there any Disadvantages of Incorporating in New Mexico?
If you register a new company in New Mexico, whether domestic or foreign, the business will enjoy benefits that aid in the overall growth process. There are but a few disadvantages although they will not have any negative impact on your business in the long run. The process of incorporation takes more time and is monitored by federal, state as well as local agencies leading to paperwork that is compliant with the regulations. As for an LLC, it can be quite difficult to raise financial capital although that problem is solved by the state based grants and loan programs.
New Mexico Business License
New Mexico Business License
Now that your business is registered in the state of New Mexico, when can you begin operations? A business ideally can begin operating only after they have acquired a business license or a permit to operate or transact in the said state. At the same time, it is important to remember that not all types of businesses require a license.
New Mexico Business License Requirements
You are probably thinking how you would find out if your business requires a license or a permit or both? Who is responsible for issuing business licenses in New Mexico? These are important questions and hence, we have created a guide that will help you answer some of these questions.
Here is a step-by-step approach towards acquiring New Mexico company license:
Step#1: The Industry or Business Type
The state of New Mexico provides business licenses and permits to different types of businesses. The type of industry or the activities of a business helps in identifying the type of business license required. Different licenses are issued by different state departments. Let’s look at an example to understand this well.
Types of License based on Industry
Alcohol and Gaming – Alcohol and Gaming Division
License fee varies according to the type of establishment. For instance, a Wholesaler license for all types of liquor is $2,500 while a Wine Bottler license fee is $500. There is a separate fee for violations and penalties.
Motor Vehicle Sales Finance Companies – Financial Industries Division
The fee for domestic companies is $400 and that of foreign business entities is $500.
Food service establishment – New Mexico Environment Department (NMED)
If you start a food service establishment then you will require a permit and not a business license.
The different types of license or permit issued by NMED are:
- Retail Food
- Manufactured Food
- Temporary food establishment (TFE)
- Tribal Foods
- Home-Based Food Processor
Sample Application for Food Facility
Note: At the same time, it is important to know that there are certain businesses that may require county or city clerk issued licenses instead of state licenses.
These are some of the categories for which statewide licenses are issued. Click here to check for other NM state licenses.
Step#2: Licenses issued by County
If your business type or service offered doesn’t fall under a statewide license then you will have to check with the local county office. Let’s take a look at an example to understand this better.
If you establish a business in the City of Bloomfield, NM and the focus area of your business is Outdoor/special events then your New Mexico company license will be issued by the City Clerk office.
There is a late fee of $10 on license renewals. The license fee varies according to type of business or service, for example, the fee is $35 for a food vending vehicle (per vehicle).
It is important to note that if, the city clerk after an inspection determines that the issuance of a New Mexico business license will be in conflict with the city, state or federal laws then the chances of the license application being denied will be higher.
Step#3: License Issued
How can you get your license or permit issued? Once you have identified the type of business, industry or service being offered, you need to download the application form and submit it along with the fee to the right authority. You can search here for a state business license type. You can also contact the New Mexico Regulation and Licensing Authority for most of the state licenses. The fee and renewal date will vary according to business type.
On the other hand, if you were to start a business in the City of Roswell then the Business License Clerk in the Code Enforcement Department will be responsible for issuing of the license. The license fee is $35 for Commercial Businesses and the renewal is on the last day of the months of March, June, September, and December (of every year).