New Mexico Nonprofit Articles of Incorporation
Nonprofit articles of incorporation is the document filed to create a New Mexico nonprofit corporation.
Preparing and filing your articles of incorporation is the first step in starting your nonprofit corporation. Approval of this document secures your corporate name and creates the legal entity of the nonprofit. Only after this approval can you apply for 501c, apply for fundraising licenses, open a bank account, and otherwise conduct business.
Benefits
Incorporating provides many important benefits:
- Limits the liability of directors, officers, and shareholders
- Fulfills statutory requirements to register your organization's name
- Is a prerequisite for applying for 501(c) tax exemption
- Provides governance and adds credibility to the business or organization
Fast Facts
| Agency: | New Mexico Secretary of State - Business Services Division |
| Filing Method: | |
| Agency Fee: | $25 state fee + $1.95 convenience fee |
| Turnaround: | 1-2 weeks |
| Law: | |
| Notes: | You must file an Initial Report within 30 days of when the Secretary of State issued your Certificate of Incorporation. See our New Mexico annual report instructions. |
Other Helpful New Mexico Facts
As you are preparing to incorporate, keep in mind the following requirements specific to New Mexico, keep in mind:
New Mexico Directors
- Number: minimum 3
- Qualifications: None. No residency requirement. No membership requirement.
- Term: until successor elected and qualified
- Quorum: majority
- Committee: minimum 2 directors
New Mexico Officers
- Defined in bylaws or board resolution. One officer prepares minutes of the directors' and members' meetings and authenticates records of the corporation and keeps a record book.
- Two or more offices may be held by the same individual, if the bylaws so provide.
New Mexico Members
- Members: optional
- Regular meeting: required annually
- Quorum: 1/10 entitled votes
