New Mexico Annual Report

Annual reports filed with the Secretary of State in New Mexico are official documents that provide a comprehensive overview of a business's financial performance, operations, and management throughout the previous year. These reports are required by law and serve as a way for businesses to communicate important information to stakeholders and the public.

There are 4 different ways to file an annual report in New Mexico depending on your legal entity type and tax classification. Follow the guide below to help you file your annual report with the Secretary of State in New Mexico or use Mosey to do it.

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New Mexico Annual Report for Corporation

You must file an Annual Report with the New Mexico Secretary of State every year to maintain good standing. The annual report is due by five months and 15 days after the organization's fiscal year-end.

File Your Annual Report Online
Log in to your New Mexico Secretary of State online account to file an Annual Report and pay the filing fees.

New Mexico Annual Report for LLP

As a Limited Liability Partnership, you must file an Annual Report to maintain an active status with the New Mexico Secretary of State. You must file the Annual Report between January 1 and April 1 of each year following the calendar year in which your partnership was registered.

Create Corporations and Business Services Account
Create an Corporations and Business Services account to maintain business filings online with the New Mexico Secretary of State.
File Annual Report
Log in to your Corporations and Business Services account to file the Annual Report and pay the filing fee with the Secretary of State.

New Mexico Biennial Report for Professional Corporation, Corporation

You are required to file Biennial Reports to maintain good standing with the Secretary of State.

File Your Biennial Report
Log in to your Secretary of State online account to file a Biennial Report.

New Mexico Franchise Tax for PLLC, Professional Corporation, LLC, Corporation

If you are registered with the New Mexico Secretary of State, you are subject to an annual Franchise Tax of $50. Franchise Tax and Corporate Income Tax are filed together on Corporate Income & Franchise Tax Return (Form CIT-1).

Report and Pay Franchise Tax Online
Log in to your Taxpayer Access Point (TAP) account to file form CIT-1, Corporate Income and Franchise Tax Return. The $50 annual Corporate Franchise Tax is due at the same time.

What else do I need to know?

There may be additional things you will need to do to maintain your "good standing" in the state including having a registered agent and other kinds of taxes.

Maintaining a Registered Agent

Most states require that you have a registered agent that can receive important mail from the Secretary of State should they need to contact you. There are many commercial options available or you can use Mosey to be your registered agent and keep your information private in New Mexico.

Other Taxes

In addition to maintaining a registered agent, maintaining your good standing can include additional taxes. This can include franchise tax, sales tax, or other state taxes. You can use Mosey to identify these additional requirements to maintain good standing in New Mexico.

New Mexico's Annual Report Agencies

New Mexico Secretary of State

Benefits of Forming a Limited Liability Company (LLC)

As a business owner, selecting the appropriate structure for your venture is highly important. This choice impacts everything from your personal liability to how you pay taxes and even the way you raise capital. Among the various options — from the simplicity of a sole proprietorship to the more complex C corporation — lies the increasingly popular limited liability company (LLC). The LLC, a hybrid entity, offers a unique blend of flexibility and protection. It stands out for its ability to combine the operational ease of a sole proprietorship or general partnership with the liability protection typically associated with corporations.

What Is Paid Sick Leave: PSL Explained

Paid sick leave (PSL) is time off that allows employees to recover from short-term illnesses or attend medical appointments without losing their regular wages. Unlike unpaid leave, which is federally mandated under the Family and Medical Leave Act (FMLA), PSL is employer-funded. Generally, employees accrue this type of leave based on hours worked. For instance, you could earn one hour of PSL for every 30 hours you work, up to a set limit, such as seven days per year. This means if employees become ill, they don’t have to choose between their paycheck and getting well.

Illinois Workers' Compensation Requirements Guide

Illinois workers’ compensation hits different than other states. While many jurisdictions offer exemptions for small businesses, Illinois requires coverage for employers with just one employee, whether they’re part-time or full-time. Miss this requirement, and you’re facing $500 daily fines with a $10,000 minimum penalty. Just as importantly, the Illinois Workers’ Compensation Commission (IWCC) takes enforcement very seriously. Corporate officers face personal liability, potential criminal charges, and work-stop orders that can shut down operations entirely. Therefore, understanding the workers’ comp system’s complexities and building bulletproof compliance strategies protects both your business and your bottom line.

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