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Consider the following steps to finish your New Mexico Corporation Dissolution Without Tax:
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Notify the Taxation and Revenue Department of your close-of-business date by logging in to your administrator account online profile in the TAP system. Click ?more account options? under the BTIN you wish to close. Under the ?Manage my account? cube, click ?close account?.
To dissolve your New Mexico corporation you must file both the Statement of Intent to Dissolve and the Articles of Dissolution. Each one requires a $50 filing fee. Payment must be made by check or money order. You may expedite processing of your dissolution by the PRC.
Failure to dissolve your business can also leave you open to forms of business fraud, such as business identity theft. Step 1: Get approval of the owners of the corporation or LLC. ... Step 2: File the Certificate of Dissolution with the state. ... Step 3: File federal, state, and local tax forms. ... Step 4: Wind up affairs.
If you're shutting your business down completely, you must file Articles of Dissolution to terminate your company's existence. If you discontinue business in a state where you had foreign qualified, you must file Articles of Withdrawal to avoid fines, penalties, and a potential loss of liability protection.
Taxes and Dissolution Most states require that corporations either pay their outstanding debts or make arrangements to do so prior to being granted a voluntary dissolution. Even if the corporation is involuntarily dissolved or dissolved by court order, however, it is still responsible for its taxes.