How to Get New Mexico Certificate of Good Standing


Steve Goldstein
Steve Goldstein
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Get New Mexico Certificate of Good Standing

Are you looking to expand your business operations or secure financing for your company in New Mexico? One essential document you’ll need in such situations is the Certificate of Good Standing. This certificate is an official document issued by the state authorities to confirm that your business is compliant with state regulations and requirements. The Certificate of Good Standing is one of the most important documents your business needs. Whether it is the New Mexico LLC filing or a corporation or any other form of business, the Certificate of Good Standing must be obtained.

We will share the in and out of New Mexico Certificate of Good Standing in this article. We’ll also discuss the various scenarios when you might need this certificate and provide helpful tips to ensure your business remains in good standing with the New Mexico authorities. We recommend you read the article on how to get New Mexico Certificate of Good Standing till the end. Let’s dive in and get your business one step closer to achieving its goals!

What is Certificate of Good Standing in New Mexico

The Certificate of Good Standing is a document that every business in New Mexico requires to obtain. This document states that the company (LLC, Corporation, Partnership, etc.) complies with the State government. In other words, the business has fulfilled all the legal requirements in New Mexico. Whether you form an LLC or any other form of business, you must get this document.

If you take your business to a different state, your Certificate of Good Standing will be a necessary document to be produced. It shows that your business does not have any illegitimate or outlawed activities.

What Information You Have in New Mexico Certificate of Good Standing

The Certificate of Good Standing consists of very pivotal information related to your business. Following is the information your Certificate of Good Standing will have-

  • The entity type (LLC, Corporation, LLP, LP, or any other registered entity type) when it was formed
  • The date of filing the business entity (filing the formation document).
  • The current name and address of the business entity
  • Whether the business entity exists today
  • Name and address of the Resident Agent
  • The State where the document is issued
  • A declaration that the business entity has paid all the required taxes and complies with all applicable legal requirements.
  • A declaration that the business entity met all the requirements to get the document.

Who Should Obtain the Certificate of Good Standing

Any business entity, a Limited Liability Company (LLC), a Corporation, a Limited Liability Partnership (LLP), a Limited Partnership (LP), or any other registered business structure in New Mexico is eligible to obtain the Certificate of Good Standing. Anyone with a sole proprietorship does not need to obtain the Certificate of Good Standing because sole proprietorship companies do not have to register their business.

How to Obtain New Mexico Certificate of Good Standing

The Secretary of State issues this document. To obtain the Certificate of Good Standing, you must fill out the form and send it to the New Mexico SOS along with the required filing fees. There is some information you will need to enter while submitting the form. Here are the points to add-

Step 1: Get the Form

The first thing you need to do is get the form. The form is available on the state SOS website. You can download the form and mail it or submit it online. The following points are required to mention in the form-

Details of The Requester: The first information you need to provide is the detail of the requester. Provide your full name, address (which can be your business address), and phone number.

Name of Your Business: Provide the exact name of your business. Make sure no spelling mistakes are made. The spelling must be the same as mentioned in the Certificate of Formation. Besides the name, provide the company registration number or file number. The SOS issues this number after you file the Certificate of Formation. This is not mandatory, but it is recommended to share the file number to get the process done quickly.

Details of Return Method: The certificate can be collected in person or by mail from New Mexico SOS. If you request the document in person, you can take the return in person or by mail. Choose which way you want it.

Copies of the Certificate: You can request the number of copies of the certificate from SOS. There is a box in the form you need to check for multiple copies of this document. You can obtain more than one copy of the Certificate of Compliance for various purposes. It is recommended to get more copies of the certificate for future use.

Fax Copy of the Certificate: You might get a Fax copy before receiving the certificate’s hard copy. This is one of the options available in some of the states. If you want to receive the fax copy of the certificate, you must provide the fax number while filing the form.

Copies of Other Documents: If you want, you can request copies of other documents filed with the SOS. Other documents include the New Mexico Articles of Organization for LLCs, Articles of Incorporation, amendments, and other registered documents with the SOS. This is optional and you can avoid this. With every copy you request, you must pay a stipulated fee.

Step 2: Submit the Form

You can submit the form online, by mail, or in person, whichever is available and more convenient. Send the form to the Business Services Division, 325 Don Gaspar, Suite 300 Santa Fe, NM 87501 for offline filing. You can also submit the form online. For that, you must go to the New Mexico SOS official website and search for the appropriate form.

Step 3: Filing Fee and Processing Time

A filing fee must be paid to the SOS to obtain the Certificate of Good Standing. The amount depends on the number of copies you request. If you request other document copies, you might pay an additional fee for that.

Processing Time: The Certificate of Good Standing’s processing time varies from state to state. Also, it depends on the expedited filing as well. It can take a few days to a few months to obtain the Certificate of Good Standing in New Mexico.

Step 4: Receive the Certificate of Good Standing

Once you submit the form and the necessary filing fee, your forms start processing. The process might take a lot of time. If you do not want to wait, you can check with the New Mexico SOS if they have expedited filing or not. In New Mexico, it can take up to a few months to receive the Certificate of Good Standing.

Why Do You Need a Certificate of Good Standing

The Certificate of Good Standing in New Mexico is a character certificate of any business. Obtaining this document makes your business legitimate officially. You need this document every now and then while making business decisions. You must obtain the document for the following reasons,

  • To get business loans and advances or investors
  • To get business bank accounts
  • To purchase insurance for business coverage
  • To renew licenses & permits
  • To set up your business in other states, for example, a Foreign LLC.
  • To sell or transfer your business completely or partially to another.
  • To get into a legal business contract with other businesses or clients.

The document is required as much as the formation document. Hence, obtaining the New Mexico Certificate of Good Standing is needed.

FAQs

How do I obtain a Certificate of Good Standing in New Mexico?
You can obtain a Certificate of Good Standing in New Mexico by submitting a request to the New Mexico Secretary of State.
What information is needed to obtain a Certificate of Good Standing in New Mexico?
You will need to provide the name and current filing status of the entity, the date of incorporation or formation, and a fee for the certificate.
What does a Certificate of Good Standing in New Mexico show?
A Certificate of Good Standing in New Mexico shows that the entity is in compliance with the state’s laws and regulations, and is authorized to conduct business in the state.
How much does a Certificate of Good Standing in New Mexico cost?
The cost of a Certificate of Good Standing in New Mexico depends on the type of entity and the date of filing.
Is there a time limit for obtaining a Certificate of Good Standing in New Mexico?
Yes, you must request the Certificate of Good Standing in New Mexico within one year of the date of filing.
Does a Certificate of Good Standing in New Mexico expire?
No, a Certificate of Good Standing in New Mexico does not expire.
What is a Certificate of Authority in New Mexico?
A Certificate of Authority in New Mexico is a document that allows a foreign entity to conduct business in the state.
How do I obtain a Certificate of Authority in New Mexico?
You can obtain a Certificate of Authority in New Mexico by filing an Application for Certificate of Authority with the New Mexico Secretary of State.
What is the process for obtaining a Certificate of Authority in New Mexico?
The process for obtaining a Certificate of Authority in New Mexico includes filing the Application for Certificate of Authority with the Secretary of State and paying the required fees.
How much does a Certificate of Authority in New Mexico cost?
The cost of a Certificate of Authority in New Mexico depends on the type of entity and the date of filing.
How long does it take to obtain a Certificate of Authority in New Mexico?
It usually takes 4-6 weeks to obtain a Certificate of Authority in New Mexico.
What is a Certificate of Registration in New Mexico?
A Certificate of Registration in New Mexico is a document that allows a foreign or domestic entity to conduct business in the state.
How do I obtain a Certificate of Registration in New Mexico?
You can obtain a Certificate of Registration in New Mexico by filing an Application for Certificate of Registration with the New Mexico Secretary of State.
What is the process for obtaining a Certificate of Registration in New Mexico?
The process for obtaining a Certificate of Registration in New Mexico includes filing the Application for Certificate of Registration with the Secretary of State and paying the required fees.
How much does a Certificate of Registration in New Mexico cost?
The cost of a Certificate of Registration in New Mexico depends on the type of entity and the date of filing.
How long does it take to obtain a Certificate of Registration in New Mexico?
It usually takes 2-4 weeks to obtain a Certificate of Registration in New Mexico.
Can I obtain a Certificate of Good Standing and a Certificate of Authority or Certificate of Registration in New Mexico at the same time?
Yes, you can obtain a Certificate of Good Standing and a Certificate of Authority or Certificate of Registration in New Mexico at the same time.
Do I need to renew my Certificate of Authority or Certificate of Registration in New Mexico?
Yes, you must renew your Certificate of Authority or Certificate of Registration in New Mexico every year.
What is the process for renewing a Certificate of Authority or Certificate of Registration in New Mexico?
The process for renewing a Certificate of Authority or Certificate of Registration in New Mexico includes filing the renewal form with the Secretary of State and paying the required fees.
How much does it cost to renew a Certificate of Authority or Certificate of Registration in New Mexico?
The cost of renewing a Certificate of Authority or Certificate of Registration in New Mexico depends on the type of entity and the date of filing.
How long does it take to renew a Certificate of Authority or Certificate of Registration in New Mexico?
It usually takes 2-4 weeks to renew a Certificate of Authority or Certificate of Registration in New Mexico.
What is the penalty for not renewing a Certificate of Authority or Certificate of Registration in New Mexico?
The penalty for not renewing a Certificate of Authority or Certificate of Registration in New Mexico is a late filing fee, which is double the original filing fee.
Is there a fee for amending a Certificate of Authority or Certificate of Registration in New Mexico?
Yes, there is a fee for amending a Certificate of Authority or Certificate of Registration in New Mexico. The fee depends on the type of entity and the date of filing.
How do I amend a Certificate of Authority or Certificate of Registration in New Mexico?
You can amend a Certificate of Authority or Certificate of Registration in New Mexico by filing an Amendment form with the New Mexico Secretary of State.
What is the process for amending a Certificate of Authority or Certificate of Registration in New Mexico?
The process for amending a Certificate of Authority or Certificate of Registration in New Mexico includes filing the Amendment form with the Secretary of State and paying the required fees.
How long does it take to amend a Certificate of Authority or Certificate of Registration in New Mexico?
It usually takes 2-4 weeks to amend a Certificate of Authority or Certificate of Registration in New Mexico.
How do I dissolve a business in New Mexico?
You can dissolve a business in New Mexico by filing a Certificate of Dissolution with the New Mexico Secretary of State.
What is the process for dissolving a business in New Mexico?
The process for dissolving a business in New Mexico includes filing the Certificate of Dissolution with the Secretary of State, paying the required fees, and notifying the Internal Revenue Service and any creditors.
How much does it cost to dissolve a business in New Mexico?
The cost of dissolving a business in New Mexico depends on the type of entity and the date of filing.
What is a New Mexico Certificate of Good Standing?
A Certificate of Good Standing is a document issued by the New Mexico Secretary of State’s Office that verifies a company is in compliance with all state requirements and is in good standing.
How do I get a New Mexico Certificate of Good Standing?
To obtain a Certificate of Good Standing, you must submit an application and a fee to the New Mexico Secretary of State’s Office.
How long does it take to get a New Mexico Certificate of Good Standing?
It typically takes 3-5 business days to receive a Certificate of Good Standing from the New Mexico Secretary of State’s Office.
What are the fees to obtain a New Mexico Certificate of Good Standing?
The fee to obtain a Certificate of Good Standing is $25.
Is a New Mexico Certificate of Good Standing valid for a certain period of time?
No, a Certificate of Good Standing issued by the New Mexico Secretary of State’s Office is not time-sensitive and does not expire.

Also Read

Why New Mexico Certificate of Good Standing is So Important

There are a number of reasons why the New Mexico Certificate of Good Standing is so vital to both new and established businesses. Firstly, it serves as proof that a company is legitimate and reputable. Potential partners, investors, and lenders are much more likely to do business with a company that has this certification, as it demonstrates that the business is in good standing with the state.

Additionally, a Certificate of Good Standing can open up new opportunities for a company. Many contracts and agreements require proof of good standing before they can be finalized, so having this certification on hand can help businesses secure new deals and partnerships. It can also be essential when a company is seeking financing or looking to expand its operations.

Furthermore, having a Certificate of Good Standing can be crucial during times of legal or financial trouble. If a company is ever involved in a lawsuit, having this document can demonstrate that the company has been following all necessary guidelines and regulations. It can also help protect the company’s assets during bankruptcy proceedings, as it shows that the business has been operating in good faith.

For new businesses just starting out, obtaining a Certificate of Good Standing should be a top priority. Not only does it lend credibility to a new company, but it also sets the business up for future success. By ensuring that all necessary filings and fees are up to date, a new business can establish a strong foundation for growth and expansion.

Established businesses also benefit greatly from maintaining their Certificate of Good Standing. Even if a company has been in operation for many years, having this certification shows that the business is still functioning according to state regulations. It can help to reassure customers, partners, and investors that the company is still in good shape and operating responsibly.

In conclusion, the New Mexico Certificate of Good Standing may not be the most glamorous document, but its importance cannot be understated. From establishing credibility to opening up new opportunities, this certification can make a big difference in the success of a business. Whether a company is just starting out or has been around for years, maintaining this certification should be a top priority. By staying in good standing with the state, businesses can protect themselves, their assets, and their reputations for the long term.

Conclusion

The Certificate of Good Standing is a vital document for any business entity in New Mexico, as it enables you to expand your operations throughout the United States. It’s essential to provide accurate and truthful information in this document. If you plan to establish the same business in another state, obtaining a Certificate of Good Standing is necessary.

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