|
|
|
|
|
| |
|
|
New Mexico
Corporate Name Endings
- 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, a 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 charter.
Corporation Requirements
- Director Information
- Minimum Number - One or more.
- Residence Requirements - No provision.
- Age Requirements - None.
- Directors are
required to be listed in the articles of incorporation.
- Officer Information
- Officers are
not required to be listed in the articles of incorporation.
- Stock Information
- An increase
in shares may cause an increase in initial filing fees.
- Corporate Records
- The stock transfer
ledger must be kept in the principal corporate office.
Taxes and Fees
- Annual Statements
- 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. The filing fee is $25. The first report is due within
30 days of the initial incorporation date of the corporation.
- Income Tax Rate
- The tax rates
are 4.8% of net income up to $500,000; 6.4% of net income between
$500,000 and $1,000,000, and 7.6% of net income over $1,000,000.
- Franchise Tax
- A franchise
tax payment is due each year. The rate is $50 each tax year.
- S Corporation
- S Corporation
status is recognized by the State of New Mexico. A separate state
election from the federal election is not required.
- License Requirements
- New Mexico
requires most businesses to obtain a license and pay a fee if operating
in the state. Please check with the state to make sure your business
is complying with the license requirements for your particular profession.
For more information on taxes, visit
http://www.state.nm.us/tax.
|
|
