New Mexico Articles of Incorporation
New Mexico articles of incorporation are filed to create a corporation.
Preparing and filing your articles of incorporation is the first step in starting your business corporation. Approval of this document secures your corporate name and creates the legal entity of the corporation. Only after this approval can the corporation apply for tax IDs, obtain business licenses, sign contracts, and otherwise conduct business.
Benefits
Incorporating provides many important benefits:
- Limits the liability of directors, officers, and shareholders
- Fulfills statutory requirements to register your business name
- Provides governance and adds credibility
Fast Facts
For Domestic Corporations:
Other Helpful New Mexico Facts
As you are preparing to incorporate, keep in mind the following requirements specific to New Mexico.
New Mexico Directors
- Number: One or more required.
- Qualifications: None.
- Quorum: A majority, unless a greater number is fixed in the articles of incorporation or bylaws.
New Mexico Officers
- As stated in the bylaws, but a minimum of one. One person may hold multiple offices. One officer is required to be responsible for maintaining corporate records.
New Mexico Bylaws
- Required: Yes.
New Mexico Annual Shareholder Meeting
- Required: Yes.
- Action by written consent:
New Mexico Shareholders
- Qualifications: N/A
- Stock Certificate: Not required.
- Voting Trusts Allowed: Yes.
