incsmart.biz
| Disclaimer: Please note that IncSmart is not a law firm or an accounting firm. If you seek legal or tax advice, we recommend that you hire an attorney or a CPA. |
FAQ: Frequently Asked Questions For New Mexico
Name Endings
1. Can I use a DBA as part of my corporation name?
No. A DBA must be filed separately in the county where the company is doing business
2. Can I use BANK as my corporation name?
If the name implies banking, trust, financial, mortgage or insurance, prior approval of the banking
superintendent or insurance commissioner is needed.
3. Can I use LTD for my Limited Liability Company name?
No. The word Limited is used for Corporations only..
Article Requirements
1. How many Directors and Officers do I need for my Corporation?
The minimum number is one. You can be listed as all four.
2. Can I have as many shares of stocks as I want?
An increase in shares may cause an increase in initial filing fees. Fees are based on $1 per share.
Minimum $100, Maximum $1000
3. What is the difference between a Manager and a Member for an LLC?
You can only list one or the other on your articles of organization. Managers are employees of the
company and members are owners. A Manager may be an owner.
4. Who is the Incorporator or Organizer?
IncSmart.biz and the filers are the Incorporators and Organizers for your new entity. It is the person
that completes and signs the articles and submits them to the Secretary of State. The Incorporator's
and Organizer's duties and title end after filing.
5. Does New Mexico LLCs list Managers or Members in it's Articles?
No, New Mexico does not require the name of the Member or Manager for an LLC or do they require
the LLC to file annual reports.
Taxes and Fees
1. Does New Mexico have annual fees and reports?
The New Mexico Public Regulations Commission Corporations Division requires that all
Corporations file a Biennial Report. Limited Liability Companies are exempt from any reporting
requirement. The report is due 2 years from the original date of filing.
2. Does a New Mexico company file state taxes?
Yes, The number for the New Mexico Taxation and Revenue Division is 505-827-0825
Compliance Requirements
1. Will New Mexico require me to have a local bank account?
New Mexico does not require a local bank account to run your business from the state.
2. Does New Mexico require me to have a local business address?
New Mexico Articles of Incorporation does not ask for an address.
New Mexico Order Forms
1. New Mexico Corporations
2. New Mexico Limited Liability Companies
3. New Mexico Doing Business As (DBA)
4. New Mexico UCC Statement
6. New Mexico Foreign Qualification
7. New Mexico Mail Forwarding Service
8. New Mexico Bookkeeping Service
9. New Mexico Amendment
1. Can I use a DBA as part of my corporation name?
No. A DBA must be filed separately in the county where the company is doing business
2. Can I use BANK as my corporation name?
If the name implies banking, trust, financial, mortgage or insurance, prior approval of the banking
superintendent or insurance commissioner is needed.
3. Can I use LTD for my Limited Liability Company name?
No. The word Limited is used for Corporations only..
Article Requirements
1. How many Directors and Officers do I need for my Corporation?
The minimum number is one. You can be listed as all four.
2. Can I have as many shares of stocks as I want?
An increase in shares may cause an increase in initial filing fees. Fees are based on $1 per share.
Minimum $100, Maximum $1000
3. What is the difference between a Manager and a Member for an LLC?
You can only list one or the other on your articles of organization. Managers are employees of the
company and members are owners. A Manager may be an owner.
4. Who is the Incorporator or Organizer?
IncSmart.biz and the filers are the Incorporators and Organizers for your new entity. It is the person
that completes and signs the articles and submits them to the Secretary of State. The Incorporator's
and Organizer's duties and title end after filing.
5. Does New Mexico LLCs list Managers or Members in it's Articles?
No, New Mexico does not require the name of the Member or Manager for an LLC or do they require
the LLC to file annual reports.
Taxes and Fees
1. Does New Mexico have annual fees and reports?
The New Mexico Public Regulations Commission Corporations Division requires that all
Corporations file a Biennial Report. Limited Liability Companies are exempt from any reporting
requirement. The report is due 2 years from the original date of filing.
2. Does a New Mexico company file state taxes?
Yes, The number for the New Mexico Taxation and Revenue Division is 505-827-0825
Compliance Requirements
1. Will New Mexico require me to have a local bank account?
New Mexico does not require a local bank account to run your business from the state.
2. Does New Mexico require me to have a local business address?
New Mexico Articles of Incorporation does not ask for an address.
New Mexico Order Forms
1. New Mexico Corporations
2. New Mexico Limited Liability Companies
3. New Mexico Doing Business As (DBA)
4. New Mexico UCC Statement
6. New Mexico Foreign Qualification
7. New Mexico Mail Forwarding Service
8. New Mexico Bookkeeping Service
9. New Mexico Amendment
| New Mexico FAQ info@incsmart.biz Open 24 Hours 702-940-9845 |
| NEW MEXICO HOME PAGE Contact Us | Careers | About Us © 2005 IncSmart Company. All rights reserved. IncSmart Home |
LLC Certificate
LLC Approval
Good Standing
Qualification