[Your Name] [Your Address] [City, State, Zip Code] [Email Address] [Phone Number] [Date] [Secretary of State's Office] [Corporations Bureau] [Address] [City, State, Zip Code] Dear Sir/Madam, Re: New Mexico Corporation Application — [Company Name] I am writing to submit the required application and supporting documents for the formation of a corporation in the state of New Mexico. We intend to establish a business entity that will operate within the legal framework of the state. Please find enclosed all the necessary paperwork and fees required to complete the application process. Our proposed corporation, [Company Name], aims to [briefly describe the company's purpose or industry], catering to clients in various sectors such as [keyword: sectors/industries you plan to serve]. With our extensive knowledge and experience in [relevant expertise], we are confident in our ability to contribute positively to the New Mexico business landscape. Types of New Mexico Sample Letters for Corporation Application: 1. New Mexico Corporation Application for Domestic Corporation: The application being submitted is for the formation of a domestic corporation under the laws of New Mexico. As specified in the enclosed paperwork, we have completed the necessary Articles of Incorporation, including the required information such as the corporation's name, principal office address, registered agent details, and the primary purpose of the corporation's existence. 2. New Mexico Corporation Application for Foreign Corporation: In the case of a foreign corporation seeking authorization to conduct business in New Mexico, the appropriate forms have been enclosed, including the Application for Certificate of Authority. We have ensured adherence to all statutory requirements, providing information such as the name of the corporation, jurisdiction of incorporation, registered office address in New Mexico, and the name and address of the registered agent. We have also enclosed the filing fees as specified by the Secretary of State's office. Furthermore, we kindly request that upon completion of the review process, the certified copies of the filed documents and the Certificate of Incorporation or Certificate of Authority (if applicable) be sent to the address provided above. Should any additional information or documentation be required, please do not hesitate to contact us at [phone number] or [email address]. We appreciate your prompt attention to this matter and look forward to receiving confirmation of our corporation's formation from the Secretary of State's Office. Thank you for your assistance. Yours sincerely, [Your Name] [Title/Position] [Company Name]
New Mexico Sample Letter for Corporation Application
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Copies of business formation documents are available online. To obtain copies of business formation documents access the New Mexico Secretary of State website by selecting the CORPORATIONS AND BUSINESS SERVICES link. If you have not created an account, select Create User Account.
New Mexico LLCs taxed as S-corp Like regular LLCs, S-corps are taxed as pass-through entities. This results in S-corps not having to pay the usual corporate income taxes. The benefit of the S-corp is that it can reduce the amount of self-employment tax (15.3%) an LLC owes.
To qualify for S corporation status, the corporation must meet the following requirements: Be a domestic corporation. Have only allowable shareholders. ... Have no more than 100 shareholders. Have only one class of stock.
The franchise tax is a flat yearly fee of $50 that is required to be paid by every corporation in New Mexico, including S-corporations.
You can apply for a New Mexico Business Tax Identification Number (NMBTIN) online using the Departments website, Taxpayer Access Point (TAP) . From the TAP homepage, under Businesses select Apply for a New Mexico Business Tax ID. Follow the steps to complete the business registration.
Choose a business name for your S corp. ... File articles of incorporation. ... Issue stock for your S corp. ... Elect a board of directors and appoint officers. ... Meet other S corp eligibility requirements. ... Obtain an employer identification number. ... Elect S corp status. ... Apply for state and local S corp business licenses.
Anyone who engages in business in New Mexico must register with the Taxation and Revenue Department. ?Engaging in business? means carrying on or causing to be carried on any activity with the purpose of direct or indirect benefit.
Follow these five steps to start a New Mexico LLC and elect New Mexico S corp designation: Name Your Business. Choose a Registered Agent. File the New Mexico Articles of Organization. Create an Operating Agreement. File Form 2553 to Elect New Mexico S Corp Tax Designation.
