New Mexico Corporation

What is a New Mexico Corporation?

A New Mexico Corporation is (historically) the most popular form of a legal entity in the United States. Recently however, limited liability companies (LLCs) have become the prevailing choice of entity formation. Corporations provide a ‘corporate veil’ to their owners, known as stockholders (or shareholders), which shields them from the liabilities and obligations of the corporation.

Incorporation Guidelines in New Mexico (NM):

In the State of New Mexico (NM) a corporation is formed when the Articles of Incorporation have been properly completed, filed and accepted by the Secretary of State of New Mexico (NM), along with the required registration fee.

The New Mexico (NM) Articles of Incorporation must contain:

-The name of the corporation
-The New Mexico (NM) address of your corporation
-The effective date if the corporation is to become effective after the Secretary of State approves the Articles of Incorporation or if the corporation will only be in existence for a specific amount of time
-The name and address of the Registered Agent
-The name(s) and address(es) of each incorporator(s)
-The number, class and value of shares of stock the corporation is authorized to issue

If you choose Corporate Filing Solutions, we will include the above information in your Articles of Incorporation, with the name of the incorporator(s) being Corporate Filing Solutions, an employee or agent of CFS. Additionally, Filings Made Easy can provide your corporation with registered agent services in the State of New Mexico (NM) with Corporate Filing Solutions or a party affiliated with CFS as the name and address of your Registered Agent.

S Corporation:

An S Corporation pertains solely to tax matters. It is a corporation that elects to be taxed under Subchapter S of the Internal Revenue Code. The owners of the corporation report the profits and losses of S-corps on their personal tax returns. S corporations may only have one class of stock, they must be comprised only of shareholders who are United States citizens or residents, and there is a limit to 100 shareholders. The State of New Mexico (NM) recognizes S-Corps but does not require an additional annual filing.

Nonprofit Corporations:

Nonprofit corporations are created for the public’s benefit or for the mutual benefit of the founders. Nonprofit corporations may not have shareholders or pay dividends, they also may not compensate members, officers or trustees.

New Mexico Corporation Name:

In New Mexico (NM), the name of your New Mexico Corporation must be distinguishable from any other corporations name within the State. Corporate Filing Solutions will conduct a preliminary name search to determine the availability of your corporation’s desired name.

Your corporation’s name must end in one of the following (or an abbreviation): Incorporated, Corporation, Company, Limited.

If you fail to include an ending in your application Corporate Filing Solutions will add “Inc.” when preparing and filing your incorporation documents.

Articles of Incorporation Fee:

The New Mexico Articles of Incorporation fees are based upon the total number of authorized shares of stock. The fee for articles will not be less than $100.00 or more than $1000.00. The cost per 1,000 shares of stock is $1.00. A corporation is also required to submit an initial annual report 30 days after the Secretary of State’s office has approved the Articles of Incorporation. This mandatory report is has a $25 fee. The Secretary of State’s office will notify you by post card.

Biannual Report:

Corporations operating in New Mexico (NM) are required to file a biannual report by April 15th. Biannual reports are due on odd numbered years for corporations whose last number of their corporation filing number is odd. For corporations having filing numbers, which end in an even number the biannual report, is due on even calendar years.

Federal Beneficial Ownership Information Report Filing:

Starting January 1, 2024, most newly-formed corporations are required to file a Beneficial Ownership Information (BOI) report with the Financial Crimes Enforcement Network (FinCEN) following company formation. On your report, you’ll need to disclose some basic details about your company and those with the most control over your corporation’s profits and operations. There’s no fee to file, and your information does not go on the public record. Save yourself from the additional paperwork with our $9 BOI report filing service.

Registered Agent Information:

The New Mexico (NM) Secretary of State requires all corporations operating within New Mexico to have a designated registered agent at all times. The registered agent may be any individual or business with a physical New Mexico (NM) mailing address.

Corporate Filing Solutions provides affordable professional Registered Agent services in New Mexico (NM) as well as the other 49 United States and Washington, D.C. Our Registered Agent services cost $95.00 per year.

Our legal name and address in New Mexico are:

Corporate Filing Solutions, LLC
206 S. Coronado Ave.
Espanola, NM 87532

Do you Have Any Additional Questions?
Learn more by contacting us at;
(888) 237-3410