Steps to Forming a New Mexico Corporation
Information We Need From You to Start Your Corporation
1: Select a Name: Your company name must contain one of the following words or their abbreviation: Corporation, Company, Incorporated, or Limited.
2: Authorize Shares: A corporation’s owners are known as shareholders, and they own shares of stock in the company. New Mexico requires you to state the number of shares you intend to initially authorize. Most often, a corporation will authorize a small, easily-divisible number of shares (100, for example). At your first shareholders meeting, you would then issue 51% of those shares to yourself, giving you control of the company. The remaining shares can be left for future business partners.
3: Choose Management: A corporation is controlled by its Directors. The corporation’s Directors are in charge of setting major company policies, issuing future shares of stock, establishing salaries and bonuses, and appointing the corporate officers. In most cases, you would simply appoint yourself Director and take on the various roles of the corporate officers (President, Treasurer, Secretary).
4: Remaining Info Needed to File:
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Business purpose: the legal business your corporation intends to pursue.
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Registered Agent: a lawful New Mexico registered agent must have a physical street address within the state, called a registered office. This cannot be a PO box. All of our Speedy filings come with one free year of New Mexico registered agent service by Northwest Registered Agent. This service keeps your personal home and office addresses off the public record and fulfills your registered agent, mailing and principal address requirements.
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Directors: the names and addresses of your initial directors.
Form Your Corporation Here Online
Steps to Forming a New Mexico LLC
Information We Need From You to Start Your LLC
1: Select a Name: Your company name must include the words: Limited Liability Company or Limited Company or one of the following abbreviations L.L.C., LLC, L.C., or L.C. The word “Limited” may be abbreviated “Ltd.” The word “Company” may be abbreviated “Co.” If you want to see if your company name is currently available, you can conduct a New Mexico business name search.
2: Membership: LLCs are owned by their members. Members are not issued shares of stock (like a corporation) to designate ownership. Instead, they are assigned an ownership percentage. This percentage is usually in direct proportion to the amount they have invested in the company.
3: Choose Management: Typically, an LLC will be managed by its members. The members oversee the daily activities of the company and set the major company policy. However, an LLC can also appoint a manager to run the business. Managers may be members, but they can also be outside parties.
4: Remaining Info Needed to File:
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Duration: if you want your LLC to be dissolved at a particular later date, you can set a period of duration and indicate when it shall be dissolved.
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Registered Agent: lawful registered agents must maintain a physical street address within the state of New Mexico. This is known as a registered office (no PO boxes). All of our Speedy filings come with one free year of New Mexico registered agent service. This service will keep your private home and office addresses out of the public record and fulfill your registered agent, mailing and principal office requirements.
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Principal place of business: the physical street address of the business location where you keep your business records and financial books.
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Management: you must indicate whether your LLC is managed by its members or a manager.
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Single-member: you must indicate whether your LLC has only one single member or if it has more than one member.
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Effective date: if you want the official formation date of your company to be later than your filing date, you can designate a later date.
Form Your LLC Here Online
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