|
New Mexico Incorporation - Get a Quote (only $31 + state fees!)
New Mexico LLC Formation - Get a Quote (only $31 + state fees)
SmallBiz Incorporator Home |
New Mexico Corporation & LLC Filing Requirements
The following is provided for informational purposes only and should not replace the advice of professional counsel. Although we make every effort to keep the information presented here up to date, states continuously change their policies, forms, fees, and information. Because of this, we make no guarantees as to the accuracy of the information presented in this current revision. Please report any problems you may encounter with moved or broken links on this page by clicking here. (Make sure to include the state and the defective link names in your e-mail.) Last update: January 24, 2011
General Info
Agencies
If you have further questions regarding business filings or fees, need additional filing forms, or want to contact your state's business division, here is the agency's contact information.
Public Regulation Commission
Corporations Bureau
P.E.R.A. Building
P.O. Box 1269
Santa Fe, NM 87504-1269
1-800-947-4722 (NM Residents Only)
(505) 827-4502
FAX: (505) 827-4387
http://www.nmprc.state.nm.us/
If you have further questions regarding business taxes, need additional tax forms, or want to communicate with your state's tax division, here is the agency's contact information.
Taxation and Revenue Department
1100 South St. Francis Drive
P.O. Box 630
Santa Fe, NM 87504-0630
(505) 827-0369
FAX: (505) 827-0469
http://www.tax.newmexico.gov/Pages/TRD-Homepage.aspx
New Mexico State Statutes
To research the State Statutes for New Mexico Corporations, LLCs and Partnerships, click here.
Licensing
Business Licenses
Contact your state or local agencies regarding licensing issues.
Annual Filing Requirements
Biennial Report
|
Fee: |
The initial or biennial profit corporate report filing fee is $25. For late filings, there is a $200 penalty fee assessed. The initial or annual non-profit corporate report filing fee is $10. For late filings, there is a $10 penalty fee assessed.
|
|
Forms: |
Biennial Profit Report - Biennial Profit Corporate Report
Initial Report - First Corporate Report
Annual NP Report - Annual Non-Profit Corporate Report
Initial NP Report - First Non-Profit Corporate Report |
|
Due Dates: |
A Biennial Profit Corporation Report must be filed every two years on or before the 15th day of the 3rd month following the end of a corporation's fiscal year.
An Annual Non-Profit Corporation Report must be filed on or before the 15th day of the 5th month following the end of a corporation's fiscal year.
The first report for profit or non-profit corporations is due within 30 days of the initial incorporation date. |
Corporation Income & Franchise Tax Returns
|
Taxes: |
The income tax rate is 4.8% of net income up to $500,000; between $500,000 and $1,000,000 the rate is $24,000 plus 6.4% of the excess over $500,000; and over $1,000,000 the rate is $56,000 plus 7.6% of the excess over $1,000,000.
A franchise tax payment of $50 is due each year, including short years. S Corporations are not exempt from franchise tax.
|
|
Forms: |
Form CIT-1 - 2010 Corporate Income & Franchise Tax Return (instructions)(information cover)
Form CIT PV - NM 2010 Corporate Income Tax Payment Voucher
Form PTE - 2010 S Corp Pass-Through Entity Form (instructions)
Tax Forms - 2010 Corporate Income Tax Forms |
|
Due Date: |
Tax filing on a calendar year, the return is due on or before March 15th. Filing on a fiscal-year basis, the tax return is due on or before the 15th day of the third month following the close of the fiscal year. |
Limited Liability Company
Annual Filing Requirements
LLC Income & Franchise Tax Returns
|
Taxes: |
The income tax rate is 4.8% of net income up to $500,000; between $500,000 and $1,000,000 the rate is $24,000 plus 6.4% of the excess over $500,000; and over $1,000,000 the rate is $56,000 plus 7.6% of the excess over $1,000,000.
A franchise tax payment of $50 is due each year, including short years. LLCs that are not required or do not elect to file a Federal Corporation Income Tax Return are not required to pay the NM Franchise Tax.
|
|
Forms: |
Form CIT-1 - 2010 Corporate Income & Franchise Tax Return (if LLC elects to file Federal Corporation Income Tax Return) (instructions)(information cover)
Form CIT PV - NM 2010 Corporate Income Tax Payment Voucher
Form PTE - 2010 PTE Form (if LLC files as a Partnership) (instructions)
Tax Forms - 2010 Business Tax Forms
|
|
Due Date: |
Tax filing on a calendar year, the return is due on or before March 15th. Filing on a fiscal-year basis, the tax return is due on or before the 15th day of the third month following the close of the fiscal year. |
|