Each state has different requirements for forming a corporation. Whether you are starting a business or incorporating a business already in existence, you’ll want to understand state requirements for New Mexico incorporation.
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 the 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.
The following are New Mexico’s requirements for directors of corporations:
The document required to form a corporation in New Mexico is called the Articles of Incorporation. The information required in the formation document varies by state. New Mexico's requirements include:
Some states require additional filings or steps at the time of incorporation, such as a county level filing, publishing notice of the incorporation in a local newspaper or an initial report filing. New Mexico requires the following:
New Mexico allows professionals, such as accountants, attorneys and physicians, to form a professional corporation (PC).
After forming a corporation, you must undertake certain steps on an ongoing basis to keep your business in compliance. These steps are also important in preserving the limited liability a corporation provides its owners. This guide outlines the ongoing requirements for New Mexico corporations.
New Mexico corporations must keep the following items with their corporate records at the principal place of business or registered office:
The following are taxation requirements and ongoing fees for New Mexico corporations:
Business licenses and/or permits are required for most businesses. The BizFilings Business License Application Package can help you stay on top of these requirements.
New Mexico recognizes the federal S corporation election and does not require a state-level S corporation election.
The state in which you form your company can provide certain benefits.
Start your business with confidence. We offer various incorporation packages to get your business up and running. Starting from $99 and includes 6 months FREE Registered Agent services.