|New Mexico Corporation Benefits|
|Well-Defined Business Structure||New Mexico corporations have a well-established business structure and chain of command. Officers attend to the daily operations of the corporations, while the board of directors controls company-wide decisions.|
|New Mexico Corporate Tax||New Mexico does have a corporate income tax that ranges from 4.8% to 6.6%. New Mexico corporations are also subject to a $50 annual Franchise Tax. Double taxation of corporations means that a corporation must pay tax on its profits and individual shareholders in New Mexico are subject to individual state income tax on dividends. New Mexico individual tax rates range from 1.7% to 4.9%.|
|Strong Asset Protection||New Mexico law allows one or more persons or a domestic or foreign corporation to incorporate in New Mexico. One individual may be the director, shareholder and officer of the corporation. Forming a New Mexico corporation creates a legal entity separate from its incorporator, shareholders, officers, and directors. New Mexico corporations also have a long history of case law and provisions that provide extensive protections to shareholders, limiting their personal liabilities.|
|Investor Usability||Incorporating your business may make it more attractive to investors. New Mexico corporations can sell stocks and shares to raise capital. Potential company investors will likely be familiar with and feel comfortable investing in a New Mexico corporation.|
In New Mexico, corporations are formed by filing a formation document called the Articles of Incorporation with the Secretary of State, Corporations Bureau.
New Mexico Articles of Incorporation can only be filed by mail or in person.
If you don’t want to form the corporation yourself, you can hire us to form a New Mexico corporation for $99 plus state fees.
|New Mexico Incorporation Costs|
|Filing Fee||$100 minimum paid to the New Mexico Secretary of State|
|Expedite Fee||$150 for same day service
$100 for two business day service
|New Mexico Corporation Maintenance Fees|
|Initial Report||$25 initial report fee (within 30 days after incorporation)|
|Biennial Report||$25 biennial report fee (must be filed every other year by the fifteenth day of the fourth month following its tax year end, usually April 15th)|
|New Mexico Business License||No state business license required. Check with Regulation and Licensing Department regarding your business activity.|
The corporation’s initial bylaws shall be adopted by the NM corporation’s board of directors. Corporate bylaws are essential to governing a corporation. The bylaws are the rules and regulations you will look to time and time again. Your bylaws tell you how to settle shareholder disputes, how profits and losses are distributed, clarify shareholder rights, and more. We include these organizational documents, such as corporate bylaws, with every IncFast package.
Starting a New Mexico corporation is relatively easy. Just about anyone can go online and figure out how to incorporate in New Mexico. When you hire IncFast, we are also thinking about your company’s future. How will your corporation will hold up to the pressure of modern business requirements? Do you know what will happen in the event of a shareholder dispute? Corporate resolutions, bylaws, and stock certificates are necessary to do things like open a business bank account. Simply forming a corporation online isn’t enough. Most any serious business transactions will require you to prove that you are authorized to deal on behalf of the corporation. This is why resolutions and bylaws are so important. When you hire IncFast, you’ll get all the business documents you need to start and maintain your New Mexico corporation. Hiring IncFast is as easy as it is smart.
You get everything you need when you hire IncFast: