One of the greatest states in the US to launch a business is New Mexico, which boasts a welcoming climate for businesses. The state features a highly skilled workforce, cheap taxes, and a low cost of living. The state also offers a number of initiatives and incentives for businesses that support new and small enterprises. New Mexico is a great area to start and build a business because the state government is constantly working to create an environment that is favourable to enterprises.
The New Mexico Secretary of State website is where you can obtain a copy of your articles of incorporation. You can download a copy of your articles of organization by searching for your company entity. You can also go to the New Mexico Secretary of State’s office in person or by mail to acquire a copy of your articles of incorporation.
You must submit the Articles of Incorporation to the New Mexico Secretary of State in order to establish a S Corp there. In order to choose S Corp status for tax purposes, you must also submit Form 2553 to the IRS. Only people, estates, specific trusts, and tax-exempt organizations are permitted to be shareholders in S Corporations in New Mexico, and there is a cap of 100 stockholders.
Yes, a DBA may be used by a S Corp. When a business wishes to conduct business under a name other than its legal name, it uses a DBA (Doing Business As). A DBA name is a name that businesses can use for branding or marketing. As long as it is registered with the state and conforms with the state’s DBA laws, a S Corp may use a DBA name.
In conclusion, S corporations are recognized in New Mexico, a business-friendly state. By filing the Articles of Incorporation with the New Mexico Secretary of State and choosing the S Corp status for tax reasons with the IRS, business owners and entrepreneurs wishing to incorporate a S Corp in New Mexico can accomplish so. Businesses may also use a DBA name as long as they adhere to the state’s DBA rules.