Types of Companies
Incorporate in New Mexico
Corporate Name Endings
* The name must contain the separate word "corporation," "incorporation," "company," "limited" or abbreviation thereof. The name must not be the same as or confusingly similar to a name of any domestic or foreign corporation or the name reserved by or registered by another corporation, unless written permission of other corporation is obtained. The name must not imply purpose other than that contained in charter.
Articles of Incorporation RequirementsDirector Information
- Minimum Number - One or more.
- Residence Requirements. - No provision.
- Age Requirements - None.
- Directors are not required to be listed in the articles of incorporation.
- The officers are not required to be listed in the articles of incorporation.
- An increase in the shares may cause an increase in the initial filing fee.
Yearly RequirementsAnnual Statements
- Must be filed biannually on or before the 15th day of the 3d month following the end of their tax year. Filing fee, $25.
- 4.8% of net income up to $500,000; over $500,000 but not over $1,000,000, $24,000 plus 6.4% of excess over $500,000; over $1,000,000, $56,000 plus 7.6% of excess over $1,000,000.
- Tax is imposed on every domestic corporation and every foreign corporation employed or engaged in the transaction of business in, into or from New Mexico or deriving income from property or employment in New Mexico, and on every domestic or foreign corporation having or exercising its corporate franchise in New Mexico, whether active or not. The rate is $50 each tax year.
For more information on taxes, visit www.state.nm.us/tax
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