Whether you are starting a business or incorporating an existing one in New Mexico, you’ll want to understand state requirements for New Mexico corporations and limited liability companies (LLCs).
New Mexico Corporation Formation Requirements
Cost to incorporate. BizFilings clearly outlines our fees and the state fees to form a corporation in New Mexico. View our pricing to plainly see:
- BizFilings’ package prices. BizFilings offers three incorporation service packages from which you can choose.
- State fee for standard turn-around. Our pricing clearly shows the state fee to incorporate in New Mexico with standard turn-around.
- Expedited turn-around. You will see the BizFilings and state fee, if any, for expedited turn-around.
- Certified copy. Our pricing also clearly displays the BizFilings and state fee, if any, for issuing a Certified Copy of the Articles of Incorporation.
Corporate name. 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 Articles of Incorporation. The words “Bank,” “Insurance,” “Little League,” “Olympic,” and “Trust” cannot be used.
Director information. The following are New Mexico’s requirements for directors of corporations.
- Minimum number. Corporations must have one or more directors.
- Residence requirements. New Mexico does not have a provision specifying where directors must reside.
- Age requirements. New Mexico does not have age requirements.
- Inclusion in the Articles of Incorporation. Director names and addresses are required to be listed in the Articles of Incorporation.
Officers. Officer names and addresses are not required to be listed in the Articles of Incorporation.
Stock. Authorized shares and par value must be listed in the Articles of Incorporation. An increase in the number of shares or par value can affect initial filing fees.
Registered agent. Corporations must list the name and address of a registered agent with a physical address (no P.O. Boxes) in New Mexico. The registered agent must be available during normal business hours to accept important legal and tax documents for the business.
Professional services businesses. Professional corporations (PCs) are allowed to be formed in New Mexico for professional services businesses.