New Mexico Agency Licensing Agreement
Description
How to fill out Agency Licensing Agreement?
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FAQ
There are only four states in which you are allowed to form an LLC anonymously. These four states are Wyoming, Delaware, Nevada, and New Mexico. Another way you can form an anonymous LLC is by using a holding company. This way the owner is not listed in the state that they live in, but as a company from another state.
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.
Begin your license agreement by defining who all parties are. From there, add information about license grants, charges, licensee's obligations, intellectual property rights, limitation of liability, confidentiality, governing law, waivers, etc. End the template with an agreement form to sign.
You'll need to be licensed through the New Mexico Regulation and Licensing Department (NMRLD) to work as a general contractor. This includes general construction work, electrical, mechanical, plumbing and LP gas. There are harsh penalties if you don't follow the rules.
In New Mexico, there is no annual fee. Another cost that goes along with the formation of an LLC is the registered agent. You can choose a member of the LLC or a manager as the registered agent, but you can also choose to hire a third party.
Although New Mexico doesn't have a general business license requirement, you do have to register with the Taxation & Revenue Department and get a New Mexico Tax Identification Number. This state tax ID is required to do business in the state, and is different from your LLC's federal EIN number.
Not every New Mexico business needs a license. However, many types of businesses either can or must get one or more licenses or permits.
The New Mexico Real Estate Commission was created by state law in 1959 and charged with enforcing the Real Estate License Law and the Real Estate Commission rules. ?The real estate industry in New Mexico is one of the largest economic activities in the state.
