Certificate of Good Standing New Mexico
A New Mexico certificate of good standing verifies that a limited liability company (LLC) or corporation was legally formed and has been properly maintained.
In our Certificate of Good Standing New Mexico guide, we will discuss the requirements for good standing and exactly how to get a certificate of good standing in New Mexico.
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ZenBusiness ($100 + state fee)
How Do I Get a Certificate of Good Standing in New Mexico?
You can obtain your New Mexico certificate of good standing by requesting it from the Secretary of State.
There are two main steps for getting your certificate of good standing:
2. Order your certificate of good standing
What is a certificate of good standing? A certificate of good standing is a state document that verifies your business was legally formed and has been properly maintained.
Step 1. Make Sure Your New Mexico Business is Compliant
To qualify for a New Mexico certificate of good standing, your business must stay up-to-date with state compliance requirements:
Licenses & Permits
To operate your business in New Mexico, you must follow federal, state, and local licensing guidelines. This can include regulations like health permits and building permits.
You can find out more about state licensing requirements with the New Mexico Regulation & Licensing Department website.
State Taxes
Depending on your business activity, you will have to register for different forms of New Mexico state tax. This can include sales tax, withholding tax, or Unemployment Insurance (UI) tax.
New Mexico also has a gross receipts tax.
Biennial Reports
All New Mexico corporations must file a biennial report. This report verifies the business’s basic information including its principal office address, business tax ID, and registered agent information.
This report is filed online with the Secretary of State and is due by the 15th of the fourth month following the end of your corporation’s tax year. The filing fee is $25.
New Mexico LLCs do not have to file a biennial report.
Step 2. Order Your New Mexico Certificate of Good Standing
Once your business remains compliant with the state, you can request a New Mexico certificate of good standing from the Secretary of State. This can be done online.
ORDER A NEW MEXICO CERTIFICATE OF GOOD STANDING
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Do I Need a Certificate of Good Standing in New Mexico?
While you don’t necessarily need a certificate of good standing to run your business in New Mexico, there are several instances where you may need to get one. These include:
- Purchasing business insurance
- Applying for business loans
- Opening a business checking account
- Registering to do business in other states
New Mexico Certificate of Good Standing FAQ
What is a New Mexico certificate of good standing?
A certificate of good standing is a legal document that confirms that your business is compliant with state regulations.
Certificates of good standing are also known as certificates of status, certificates of existence, or certificates of compliance.
How do I get a certificate of good standing?
You can get a New Mexico certificate of good standing by remaining compliant with state regulations and ordering a certificate online.
How much does a certificate of good standing cost?
In New Mexico, ordering a Certificate of Good Standing costs $25.
How soon do you need a certificate of good standing?
Because many banks and insurance companies will want a business's certificate of good standing in order to do business, we recommend getting one as soon as possible.
How long is the certificate of good standing valid for?
A New Mexico certificate of good standing does not have a set expiration date. However, requesters — such as banks, creditors, and foreign business states — often have their own guidelines for a certificate's validity.
What does a certificate of good standing mean?
Obtaining a New Mexico certificate of good standing means that the state recognizes your business as both active and compliant.
When do you need a certificate of good standing?
New Mexico businesses often need a certificate of good standing in order to do business outside of New Mexico, obtain business loans, open business bank accounts, or purchase business insurance.
Who is required to get a certificate of good standing?
New Mexico businesses are not legally required to obtain a certificate of good standing. However, your business may choose to get one if you decide to do business outside of New Mexico or get a business bank account.
Where do I find a certificate of good standing?
After ordering your New Mexico certificate of good standing, it will be available to view immediately online.