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 activities throughout the year. These reports are required by law and serve as a way for businesses to maintain transparency and compliance with state regulations.

There are 5 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.

Use Mosey to automate annual reports in New Mexico.

New Mexico Initial Report for C Corporation

You are required to file an initial report with the Secretary of State within 30 days of registering your business. This report will allow you to provide additional information for the business, such as addresses, email addresses, phone numbers, and fiscal year-end dates.

  1. Create an Online Account with the Secretary of State

    Create a user account for the Secretary of State's online business portal.

  2. File the Initial Report

    Log in to your Secretary of State online account to file an initial report online within 30 days of registering your business.

New Mexico Biennial Report for C Corporation

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

  1. File Your Biennial Report

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

New Mexico Franchise Tax for C Corporation, LLC

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). Note: Nonprofits organizations are exempt from the New Mexico Franchise Tax unless the nonprofit corporation has unrelated business income subject to federal income tax.

  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.

New Mexico Annual Report for C 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.

  1. 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.

  1. 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.

  2. 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.

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.

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