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.
Cost to incorporate in New Mexico
At BizFilings, we clearly outline our fees and the state fees to form a New Mexico corporation. View our pricing to incorporate as a
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.
You will see the BizFilings and state fee, if any, for expedited turn-around.
Our pricing also clearly displays the BizFilings and state fee, if any, for issuing a Certified Copy of the Articles of 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:
Corporations must have one or more directors.
New Mexico does not have a provision specifying where directors must reside.
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.
Requirements for the Articles of Incorporation
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:
Officer names and addresses are not required to be listed in the Articles of Incorporation.
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.
Corporations must list the name and address of a
with a physical address (no post office boxes) in New Mexico. The registered agent must be available during normal business hours to accept important legal and tax documents for the business.
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 requires corporations to file an initial report within 30 days after incorporation.
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:
Complete books and records of account
Minutes of director and shareholder meetings
A list of shareholders including their names and addresses and outlining the number and class of shares held by each
Corporate taxes and fees
The following are taxation requirements and ongoing fees for New Mexico corporations:
Biennial report and franchise tax.
New Mexico requires corporations to file a biennial (every two years) report on or before the 15th day of the third month following the end of the corporation’s fiscal year. The filing fee is $25. New Mexico also requires corporations to file a franchise tax with their corporate income tax. The franchise tax is due by the 15th day of the third month following the close of the tax year. The fee is $50.