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New Mexico Certificate of Good Standing for a Domestic LLC or Corporation
A domestic LLC, corporation, or other statutory entity in New Mexico may request a Certificate of Good Standing that confirms the entity’s good standing status. The document typically includes the following information:
- Entity name
- Formation or incorporation date
- Duration term
- All fees due to the Office of the Secretary of State have been paid
- The entity has not been suspended or administratively dissolved
- Entity is in good standing
- The entity has not filed a statement of dissolution
New Mexico Certificate of Good Standing for a Foreign LLC or Corporation
An out-of-state (foreign) entity registered to do business in New Mexico may request a good standing certificate, which typically includes the following information:
- Entity name registered for use in New Mexico
- Entity type
- State of organization (domestic state)
- Foreign qualification date
- All fees due to the Office of the Secretary of State have been paid
- Entity is in good standing and duly authorized to transact business in New Mexico
- Entity’s corporate existence has not been revoked.
New Mexico Certificate of Good Standing FAQs
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What is a Certificate of Good Standing in New Mexico?
A Certificate of Good Standing certifies that a statutory entity, such as an LLC or corporation, exists and is authorized to do business in New Mexico and that follows certain state requirements. These generally include paying any necessary state fees and filing annual or biennial reports (if required).
In other states, this document may also be known as a “certificate of status” or “certificate of existence”. The New Mexico Secretary of State’s office is responsible for issuing Certificates of Good Standing.
Note: There is a separate document known as a “letter of good standing” issued by the New Mexico Taxation and Revenue Department, which indicates that an entity is in good standing with its taxes with the department.
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Why is “good standing” important for your business?
Being in good standing allows a corporation, LLC, or other statutory entity in New Mexico to maintain the rights and privileges of doing business in the state. A business may need to provide a Certificate of Good Standing (or the equivalent) when expanding to other states or for financing, business transactions, and licensing. The consequences of losing good standing can include fines, the inability to file a lawsuit, the inability to do business in other states, and the administrative dissolution of a business.
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Do you need a New Mexico (NM) Certificate of Good Standing for your LLC or corporation?
If you plan on expanding your business to another state, you may need to provide a good standing certificate as part of the foreign qualification process in that state. For example, a New Mexico LLC wishing to transact business in Arizona would need to provide a Certificate of Good Standing when registering as a foreign LLC in that state, as well as have an Arizona registered agent.
Lenders, investors, and vendors can require a good standing certificate before doing business with a company. A certificate may be required for licensure or for certain business transactions, such as a merger or acquisition.
A Certificate of Good Standing is not a state requirement when forming an LLC or corporation in New Mexico but may be necessary to obtain for one of the reasons listed above.
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How do I obtain a New Mexico (NM) Certificate of Good Standing?You can order a New Mexico Certificate of Good Standing online today from CT Corporation or contact us for additional information.
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*State fees are mandatory fees imposed by the state. Price includes online discount automatically applied at checkout. Discount is for new customers only.