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New Mexico Corporation & LLC Filing Requirements

The following is provided for informational purposes only and should not replace the advice of professional counsel. Although we make every effort to keep the information presented here up to date, states continuously change their policies, forms, fees, and information. Because of this, we make no guarantees as to the accuracy of the information presented in this current revision. Please report any problems you may encounter with moved or broken links on this page by clicking here. (Make sure to include the state and the defective link names in your e-mail.) Last update: July 2, 2010

 

General Info

Agencies

If you have further questions regarding business filings or fees, need additional filing forms, or want to contact your state's business division, here is the agency's contact information.

 

Public Regulation Commission

Corporations Bureau

P.E.R.A. Building
P.O. Box 1269
Santa Fe, NM  87504-1269
1-800-947-4722 (NM Residents Only)
(505) 827-4502
FAX: (505) 827-4387

http://www.nmprc.state.nm.us/

 

If you have further questions regarding business taxes, need additional tax forms, or want to communicate with your state's tax division, here is the agency's contact information.

 

Taxation and Revenue Department
1100 South St. Francis Drive
P.O. Box 630
Santa Fe, NM  87504-0630
(505) 827-0369

FAX: (505) 827-0469

http://www.tax.state.nm.us/

New Mexico State Statutes

To research the State Statutes for New Mexico Corporations, LLCs and Partnerships, click here.

 

Licensing

 

Business Licenses

Contact your state or local agencies regarding licensing issues.

 

Corporations 

 

Annual Filing Requirements

 

Biennial Report

Fee:

The initial or biennial profit corporate report filing fee is $25. For late filings, there is a $200 penalty fee assessed. The initial or annual non-profit corporate report filing fee is $10. For late filings, there is a $10 penalty fee assessed.

 

Forms:

Biennial Profit Report - Biennial Profit Corporate Report
Initial Report - First Corporate Report

Annual NP Report - Annual Non-Profit Corporate Report

Initial NP Report - First Non-Profit Corporate Report

 

Due Dates:

 

A Biennial Profit Corporation Report must be filed every two years on or before the 15th day of the 3rd month following the end of a corporation's fiscal year.

 

An Annual Non-Profit Corporation Report must be filed on or before the 15th day of the 5th month following the end of a corporation's fiscal year.

 

The first report for profit or non-profit corporations is due within 30 days of the initial incorporation date.

 

Corporation Income & Franchise Tax Returns

Taxes:

The income tax rate is 4.8% of net income up to $500,000; between $500,000 and $1,000,000 the rate is $24,000 plus 6.4% of the excess over $500,000; and over $1,000,000 the rate is $56,000 plus 7.6% of the excess over $1,000,000.

 

A franchise tax payment of $50 is due each year, including short years. S Corporations are not exempt from franchise tax.

 

Forms:

Form CIT-1 - 2009 Corporate Income & Franchise Tax Return (instructions)(information cover)

Form CIT PV - NM 2009 Corporate Income Tax Payment Voucher

Form PTE - 2009 S Corp Pass-Through Entity Form (instructions)(information cover)
Tax Forms - 2009 Corporate Income Tax Forms

 

Due Date:

 

Tax filing on a calendar year, the return is due on or before March 15th. Filing on a fiscal-year basis, the tax return is due on or before the 15th day of the third month following the close of the fiscal year.

 

 

Limited Liability Company

 

Annual Filing Requirements

  

LLC Income & Franchise Tax Returns

Taxes:

The income tax rate is 4.8% of net income up to $500,000; between $500,000 and $1,000,000 the rate is $24,000 plus 6.4% of the excess over $500,000; and over $1,000,000 the rate is $56,000 plus 7.6% of the excess over $1,000,000.

 

A franchise tax payment of $50 is due each year, including short years. LLCs that are not required or do not elect to file a Federal Corporation Income Tax Return are not required to pay the NM Franchise Tax.

 

Forms:

Form CIT-1 - 2009 Corporate Income & Franchise Tax Return (if LLC elects to file Federal Corporation Income Tax Return) (instructions)(information cover)

Form CIT PV - NM 2009 Corporate Income Tax Payment Voucher

Form PTE - 2009 PTE Form (if LLC files as a Partnership) (instructions) (information cover)
Tax Forms - 2009 Business Tax Forms

 

Due Date:

Tax filing on a calendar year, the return is due on or before March 15th. Filing on a fiscal-year basis, the tax return is due on or before the 15th day of the third month following the close of the fiscal year.