Title: New Mexico Withdrawal of Assumed Name for Corporation: A Comprehensive Guide Introduction: In New Mexico, corporations that wish to discontinue conducting business under an assumed name are required to file a Withdrawal of Assumed Name. This legal process ensures that the corporation's name is no longer associated with any ongoing or future business activities. This article will provide you with a detailed description of what the New Mexico Withdrawal of Assumed Name for Corporations entails, including its types and the necessary steps for completion. 1. Voluntary Withdrawal of Assumed Name: When a corporation voluntarily chooses to withdraw its assumed name, it begins the process outlined by the New Mexico Secretary of State. By submitting the required forms, the corporation effectively notifies the state authorities of their intention to cease using the assumed name. 2. Involuntary Withdrawal of Assumed Name: In some cases, the New Mexico Secretary of State can initiate an involuntary withdrawal of an assumed name for a corporation. This may occur if the corporation violates certain provisions set forth by state laws or regulations. The Secretary of State will issue a notice to the corporation before initiating the withdrawal process. Steps for Withdrawing an Assumed Name for a Corporation in New Mexico: Step 1: Conduct a Business Entity Search: Perform a thorough search on the New Mexico Secretary of State's website to ensure the availability of your desired name for withdrawal. Step 2: Obtain the Necessary Forms: Download the "Withdrawal of Assumed Name" form from the New Mexico Secretary of State's website or acquire a physical copy from their office. Step 3: Complete the Withdrawal of Assumed Name Form: Carefully fill out the form with accurate information, including details such as the corporation's name, associated assumed name(s), address, and the reason for withdrawal. Step 4: Attach Supporting Documentation: If necessary, include any additional documentation required by the New Mexico Secretary of State. This may include certificates of good standing, consents, or other relevant paperwork. Step 5: Submit the Forms: Mail or hand-deliver the completed "Withdrawal of Assumed Name" form, along with any supporting documentation and the required filing fee, to the New Mexico Secretary of State's office. Step 6: Await Confirmation: The New Mexico Secretary of State will review the submitted forms and associated documents. Upon successful processing, the corporation will receive a confirmation stating that the assumed name has been officially withdrawn. Conclusion: The Withdrawal of Assumed Name for Corporations is a crucial step for businesses in New Mexico when they no longer wish to be associated with a previously adopted assumed name. Whether it is a voluntary withdrawal or an involuntary one, following the necessary steps ensures compliance with state regulations and effectively ends the use of an assumed name. Remember to consult the New Mexico Secretary of State's official website or seek legal advice for precise instructions tailored to your specific circumstance.
New Mexico Withdrawal of Assumed Name for Corporation
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New Mexico Dissolution FAQs LLCs that want to dissolve have to pay $25 for the filing fee. For same-day processing, you can pay an additional $300. Two-day processing requires an additional $200.
If your corporation has gross receipts, compensating or withholding tax to report, you are also required to obtain a Business Tax Identification Number (BTIN).
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.
You may also close your account by completing and submitting form ACD-31015 BusinessTax Registration. Instructions are included with the form. Be sure all your taxes are paid by the due dates associated with your tax account.
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?.
Follow these steps to closing your business: Decide to close. ... File dissolution documents. ... Cancel registrations, permits, licenses, and business names. ... Comply with employment and labor laws. ... Resolve financial obligations. ... Maintain records.
General Business License licensure is not required on the State level in New Mexico. New Mexico does not have a general business license at the state level, but local licenses are often required.
Dissolving an LLC in New Mexico requires following the steps listed below: Review Your LLC's Operating Agreement. ... Vote to Dissolve an LLC. ... File Articles of Dissolution. ... Notify Tax Agencies and Pay Remaining Taxes. ... Inform Creditors and Settle Existing Debt. ... Wind Up Other Business Affairs. ... Distribute Remaining Assets.
