New Mexico LLC Foreign Qualification

New Mexico LLC Foreign Qualification Info

What is New Mexico LLC Foreign Qualification Registration?

A corporation or limited liability company (LLC) is considered a “domestic” entity in its state of incorporation or formation. If the company wishes to transact business in any other state(s), it must qualify or register “to do business” as a foreign corporation or LLC. In these states, the corporation or LLC must register with the Secretary of State in order to transact or “do business” in this state. In each state other than the state of incorporation or formation, the entity is considered a “foreign” corporation or LLC.

Corporate Filing Solutions offers online Foreign Qualification services in all 50 Unites States plus Washington D.C. Our services are fast, reliable, and affordable! To sign up today for foreign qualification services, including registered agent or resident agent services, click “Foreign Qualify Now!”

When Must an Entity Foreign Qualify?

There are many factors to consider in determining if qualification or registration is required or advisable. If your company’s contacts with a state are substantial or continuous or include one of the factors listed below, then registration or qualification likely is required:

  • Having employees in the state
  • Having a real estate lease and office in the state
  • Having a bank account in the state
  • Having an automobile registered in the state
  • Bidding on or performing certain government contracts
  • Being an absentee landlord
  • Bringing a lawsuit in a state against another party
  • Being a party to construction contracts
  • Operating a telecommunications business
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    New Mexico (NM) Foreign Qualification Requirements

    An entity can foreign qualify or register in the State of New Mexico when the proper filing with the Secretary of State’s office of New Mexico is made, which requires the following information:

  • Name of the entity
  • State and date of formation
  • Certificate of Authority (a document granting the ability to do business in the domestic state)
  • Registered Agent Name and Address
  • Principal office address
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    Additional Requirements for Corporations

  • Names and addresses of officers and directors
  • Purpose of business being transacted
  • The aggregate number of shares which the corporation has the authority to issue, itemized by class and series
  • The aggregate number of shares that have been issued, itemized by class and series
  • An estimate of the gross amount of business which will be transacted by the corporation during its current fiscal year
  • An estimate of the value of all property to be owned by the corporation during its current fiscal year
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    Additional Requirements for LLC

  • The names of the persons in whom management of the limited liability company is vested
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    A Certificate of Good Standing from the company’s home state (the state in which your company is considered domestic) is also required. If you choose Corporate Filing Solutions to help you foreign qualify your entity, we can obtain this certificate on your behalf.

    Foreign Qualification Fees:

    The Secretary of State of New Mexico charges a state filing fee of $200.00-$1000.00 (depending on number of shares) for corporations and $100 for LLCs when you submit your application for foreign qualification. If you choose Corporate Filing Solutions to help you prepare and make your filing, it will cost an additional fee of $125.00.

    Registered Agent Services:

    The New Mexico Secretary of State requires all entities operating within New Mexico to have a designated registered agent at all times. The registered agent may be any individual or business with a physical New Mexico mailing address where the designated individual or business is physically present at this address.

    Corporate Filing Solutions provides affordable professional Registered Agent services in New Mexico as well as the other 49 United States and Washington D.C. Our Registered Agent services cost $125.00 per year.