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New Mexico Service Site Report
Category:
State:
Multi-State
Control #:
US-204-AZ
Format:
Word;
PDF;
Rich Text
Instant download
Description
How to fill out Service Site Report?
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FAQ
Annual reports became a regulatory requirement for public companies following the stock market crash of 1929 when lawmakers mandated standardized corporate financial reporting.
Some states require you to file a report every year, while others have a biennial (every other year) filing or even a decennial (every 10 years) filing. The report may be due on the anniversary of the date your business entity was formed, or your state may have a single due date for all reports.
Annual Report Unlike most other states, New Mexico does not require LLCs to file annual reports. However, New Mexico does require LLCs to file an Income and Information Return for Pass-Through Entities (PTE).
How to File Your Annual Report. If you do need to file an annual report for your LLC or corporation, you can normally do so online, through your state's website. In addition to filing your annual report, you will also need to pay a fee These fees do vary from state to state and could range between $50 and $400.
New Mexico does not require LLCs to file an annual report. New Mexico imposes a franchise tax on LLCs if they paid federal income tax. The franchise tax is filed along with the state income tax, and is due by the 15th day of the third month following the close of the tax year. The fee is $50.
To apply for a CRS ID number or for more information on the topic, visit NM's website at . The CRS ID may be entered under the State ID number in Setup > Firm. If you are not required to have a CRS ID, check the box at the bottom of NM screen 1.
New Mexico Corporation Annual Report Requirements: Due: Biennially by the 15th day of the fourth month following the close of your fiscal year. Look-up your corporate record and next biennial report due date here.
If you operate a corporation in the state of New Mexico, you must submit a biennial report every two years. The purpose of the report is to update the state of any structural changes to your business.
Why Is a New Mexico Annual Report Required? Annual reports are required by statute in nearly every state. They provide state agencies with updated information on the entities registered in their state. Your company is required to file annual reports to maintain good standing and continue operating.
For-profit corporations must pay $25 to file their report, while non-profit corporations must pay $10 to file their annual business report. Limited liability companies do not have to file with the state. If your business does not file its report on time, there is a $200 late filing penalty.
