Incorporate your business in New Mexico;
Our Incorporation information is to help you with the small
business startup process. The New Mexico Incorporation info can
help answer questions like "How do I form an LLC in New Mexico?"
or "What type of Incorporation entity should I be? An New Mexico
S-Corporation or an New Mexico C-Corporation?" or "What are the
requirements for an New Mexico Corporation?" It's easy to set up
an New Mexico Corporation with our Incorporation Software. It has
this and other Incorporation info right on the software. So
once you know, your ready to go!
Corporate Name Endings
The name must contain the word "Corporation,"
"Incorporation," "Company," "Limited," or an abbreviation thereof.
The name must not be the same as, or confusingly similar to,
a name of any domestic or foreign corporation, or a name reserved
by or registered by another corporation, unless written permission
of other corporation is obtained. The name must not imply a
purpose other than that contained in the charter.
Corporation Requirements
Director Information
Minimum Number - One or more.
Residence Requirements - No provision.
Age Requirements - None.
Directors are required to be listed in the articles
of incorporation.
Officer Information
Officers are not required to be listed in the articles
of incorporation.
Stock Information
An increase in shares may cause an increase in initial
filing fees.
Corporate Records
The stock transfer ledger must be kept in the principal
corporate office.
Tax and Fees
Annual Statements
A Biennial Profit Corporation Report must be filed
every two years on or before the 15th day of the 3rd
month following the end of a corporation's fiscal year.
The filing fee is $25. The first report is due within
30 days of the initial incorporation date of the corporation.
Income Tax Rate
The tax rates are 4.8% of net income up to $500,000;
6.4% of net income between $500,000 and $1,000,000,
and 7.6% of net income over $1,000,000.
Franchise Tax
A franchise tax payment is due each year. The rate
is $50 each tax year.
S Corporation
S Corporation status is recognized by the State of
New Mexico. A separate state election from the federal
election is not required.
License Requirements
New Mexico requires most businesses to obtain a license
and pay a fee if operating in the state. Please check
with the state to make sure your business is complying
with the license requirements for your particular profession.
