Why Do You Need New Mexico Reinstatement For Your LLC Or Corporation?
When a company loses its good standing status with the state, it may have to pay penalties and get administratively dissolved. New Mexico reinstatement is a way to resolve those problems and restore the business to good standing status with the state.
What Is Needed To File For Reinstatement?
Each state has its own set of regulations when it comes to the reinstatement of administratively dissolved companies.
LLC – In New Mexico, the Public Regulation Commission (PRC) may involuntarily dissolve a company. When that happens, the PRC will notify the LLC that it has the right to reinstate its business.
If you want to do that, you will have to file an Application for Reinstatement form with the PRC. If they find out that you have eliminated the grounds for dissolution or that those did not exist in the first place, it will issue a Certificate of Reinstatement.
When filing the documents, make sure all the signatures are original. You also need to settle all delinquent reports and fees.
Corporation – If an administratively dissolved corporation in New Mexico wants to reinstate, it has to file an Application for Reinstatement with the PRC. You can download a copy of the form online. Additionally, you should submit all delinquent reports and fees. Make sure all the signatures are original.
If you want to file by mail, send it to the following address:
Public Regulation Commission
Tax Compliance Division
P.O. Box 1269
Santa Fe, New Mexico 87504-1269
For in-person or delivery filings, use this address:
New Mexico Public Regulation Commission
Corporations Bureau Filing Desk
P.E.R.A. Building, Room 413
1120 Paseo de Peralta
Santa Fe, New Mexico 87505
How Much Will It Cost To Reinstate?
LLC – >Your New Mexico LLC only has to pay for delinquent fees. You can request expedited service by submitting a Request for Expedited Filing form.
- Same-Day Processing (Submit File Before 2 PM) – $300
- Two Days – $200
Corporation – Reinstating an administratively dissolved corporation in New Mexico comes with a $200 filing fee. You can get expedited service for an additional cost. You should also submit a Request for Expedited Filing form.
- Same-Day Processing (Submit File Before 2 PM) – $300
- Two Days – $200
How Long Will This Process Take?
LLC – The PRC can take up to a month to finish processing LLC New Mexico reinstatement filings. They also offer same-day and two-day expedited services.
Corporation – The PRC normally takes up to a month to process corporate reinstatement filings. However, they offer same-day and two-day expedited services as well.
What Is Required On The Forms?
LLC – LLCs that want to reinstate need to prepare the following basic information:
- LLC Name
- Name And Address Of The Registered Agent
- New Name, If Original Is Unavailable
- Name And Signature Of The Authorized Representative
Corporation – Corporations will need to prepare the following basic information:
- Entity Name
- Name And Address Of The Registered Agent
- New Name, If Original Is Unavailable
- Name And Signature Of The Authorized Representative
What Cannot Be Changed On The Forms?
LLC – You cannot change the registered agent, principal address, and members or managers of your LLC on the reinstatement form.
Corporation – The reinstatement form does not allow you to change your registered agent, principal address, and information related to the company officers or directors.
What If My Company’s Name Is In Use When I Need To Reinstate?
Another business entity may take the name of an administratively dissolved company. If yours is already unavailable when you apply for New Mexico reinstatement, you will have to come up with a new one.
How Can DoMyLLC Assist With Streamlining?
An administratively dissolved company will have to complete the New Mexico reinstatement process to get back into good standing. You have to file formal paperwork and follow the regulations thoroughly.
If you want a hassle-free experience, you may need the help of a third-party organization like DoMyLLC. Our team of experts is ready to provide live support. You can also get personalized solutions to ensure that the services you are getting fit the needs of your business.
New Mexico Reinstatement FAQs
No, you will have to file a Statement of Change of Registered Office or Registered Agent with the Corporations Bureau of the PRC.
No, you cannot. You will have to file an amendment to update the list of your company officials.
New Mexico does not require LLCs to file biennial reports. Meanwhile, corporations can reinstate even if they fail to file biennial reports as long as they do it within two years after the dissolution
An administratively dissolved company in New Mexico has two years to reinstate. After that, you will have to start over and file as a new business entity.
New Mexico Business Resources:
New Mexico Office of Secretary of State
Phone Number:
505.827.4511
Address:
New Mexico Corporations Division
325 Don Gaspar Suite 300
Santa Fe, NM 87501