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Yes, New Mexico does require limited liability companies (LLCs) to file an annual report. This report helps maintain your business’s good standing with the state. Ensure you note this requirement in your New Mexico Company Property Checklist to avoid potential penalties and maintain your LLC’s compliance.
Yes, most individuals and businesses must file taxes in New Mexico if they meet certain income thresholds. This includes income generated from business activities and other sources. If you are unsure about your specific obligations, refer to your New Mexico Company Property Checklist to understand your requirements better, or consult with a tax professional.