New Mexico Sample Letter for Corporate Operation
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How to fill out Sample Letter For Corporate Operation?
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FAQ
New Mexico does not require LLCs to file an annual report. New Mexico imposes a franchise tax on LLCs if they paid federal income tax. The franchise tax is filed along with the state income tax, and is due by the 15th day of the third month following the close of the tax year. The fee is $50.
With low start up costs, no annual report filings for LLCs, and generous privacy perks, the Land of Enchantment is a great place for businesses to succeed. Technically, all you need to start a business in New Mexico is a product or service to sell.
LLCs must list the name and address of a registered agent with a physical address (no post office boxes) in New Mexico. The registered agent must be available during normal business hours to accept important legal and tax documents for the business.
The online filings and moderate fees show a commitment to creating a friendly haven for companies: Anonymous Ownership. No Managers or Owners Listed. No Annual Fees or Filings. No Franchise Taxation. Everything is Online. No Need to Visit New Mexico. No Need to Visit The U.S. No Residency Requirements.
All Corporations, LLCs, and Partnerships must first register with the Secretary of State. You can register LLCs online, but partnerships and corporations registration forms must be completed and submitted via mail or in person. Please visit the pages specific to the type of business you would like to register.
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.
While there are no specific laws that make it more suitable for LLCs than other states, Delaware is the state of choice to incorporate because of their business-friendly corporate tax laws. There's a reason why 66.8% of all Fortune 500 companies choose Delaware as their incorporation state.
Advantages of New Mexico LLC One of the advantages of incorporating in New Mexico is that it is relatively cheap compared to other states. Forming an LLC in New Mexico costs less than $300 from start to finish. Even better, the state does not require LLCs to file an annual report and pay yearly fees.
