Get Real Founder Stories and Practical Frameworks Delivered to Your Inbox Weekly!

How To File A New Mexico Biennial Report

By: Startup 101
Last Updated: November 15, 2024

Share With Friends

X
Email

Table of Contents

Table of Contents

Get Exclusive Startup Stories and Trending Business Ideas Delivered to Your Inbox

One requirement of maintaining a corporation in New Mexico is filing a Biennial Report. The Biennial Report confirms and updates the company’s information each year with the New Mexico Secretary of State.

Who Needs to File a Biennial Report?

Domestic and foreign corporations are required to file a biennial report every other year after the year the company was formed. New Mexico Limited Liability Companies (LLCs) aren’t required to file a Biennial Report.

What is Needed to File a New Mexico Biennial Report?

The Corporation Biennial Report may only be filed online through the New Mexico Secretary of State’s website; otherwise, you can download and fill out the Biennial Report.

The report asks for information such as:

  • Business name
  • State identification number
  • Company address
  • Contact information for the New Mexico Registered Agent
  • Name and address of the Corporation’s officers and directors

New Mexico Biennial Report Cost

The Biennial Report filing fee for a Corporation in New Mexico is $25.

Biennial Report Due Date

The Biennial Report deadline is the 15th day of the 4th month after the Corporation’s taxable year ends.  Most Corporations use the calendar year as their taxable year, meaning the end of their year is December 31st, which would make the deadline April 15th.  Filing is determined by the Business ID assigned by the Secretary of State.  If your Business ID number is even, your Corporation will file every even-numbered year.  Odd-numbered Business IDs file on odd-numbered years.

The Secretary of State’s office emails a reminder before the Biennial Report due date. Even though a reminder is sent, it’s important to make an additional reminder for yourself should you not receive it. 

New Mexico Biennial Report FAQs

My business made little or no money.  Do I still have to file the Biennial Report?

Even if your New Mexico Corporation received no income or business activity, the Biennial Report still needs to be filed.

What happens if you don’t file the Biennial Report on time?

If the Biennial Report isn’t filed on time, a $200 penalty is assessed.  The Secretary of State will administratively dissolve the entity if the report isn’t filed by August 5th.

New Mexico Secretary of State Contact Information

New Mexico Secretary of State
325 Don Gaspar, Suite 300
Santa Fe, NM 87501

Suggest a Story: Have you or someone you know started a business with an inspirational story that should be featured on StartUp101? If so, please let us know here.

Some (but not all) of the links on StartUp101.com are affiliate links. This means that a special tracking code is used and that we may make a small commission on the sale of an item if you purchase through one of these links. The price of the item is the same for you whether it is an affiliate link or not, and using affiliate links helps us to maintain this website.

StartUp101.com is also a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.

Our mission is to help businesses start and promoting inferior products and services doesn’t serve that mission. We keep the opinions fair and balanced and not let the commissions influence our opinions.

Search

READY TO START YOUR BUSINESS?

Get Real Founder Stories and Practical Frameworks Delivered to Your Inbox Weekly!

Get Real Founder Stories and Practical Frameworks Delivered to Your Inbox Weekly!