Nonprofit organisations in New Mexico will almost certainly need to designate and have a registered agent.
A registered agent receives any official documents from the State of New Mexico, as well as any service of process that may be served on a firm in a lawsuit.
A registered agent is a professional who will represent your organisation to the New Mexico Secretary of State while you do business. Registered agents are sometimes known as resident agents, statutory agents, or service of process agents in certain jurisdictions.
Typically, your registered agent will receive mail on your behalf, such as compliance information and tax notices. Registered agents are also in charge of receiving process paperwork. This simply implies that your registered agent will receive court summons and paperwork on your nonprofit’s behalf if it is sued.
The following are the criteria for registered agents in New Mexico:
As long as they complete the qualifications outlined above, anybody may act as your nonprofit’s registered agent. You may choose to be your nonprofit’s registered agent, or you can designate a member of your board of directors or a trustworthy friend.
If you decide to serve as your organization’s registered agent, you must grasp the significance of this role. If you miss a filing date or misplace a document, your nonprofit’s compliance status may be jeopardised, and the Secretary of State may revoke your nonprofit’s corporate registration.
Many organisations and other companies engage a professional registered agent service to guarantee that their company is always in compliance.
Before you choose a New Mexico registered agent service, think about the benefits and drawbacks of this technique.
There are various reasons why you should consider employing a registered agent service for your nonprofit organisation. This strategy, in particular, can:
The sole downside of using a registered agent service is that it is expensive, while you may serve as your own registered agent for free.
While employing a professional registered agent service is a good idea for many reasons, in other cases it is required. If you answered “yes” to any of the following questions, your organisation should use a registered agent service.
When you submit your New Mexico nonprofit’s Articles of Incorporation, you must name a registered agent. In New Mexico, the fundamental nonprofit creation document is the Articles of Incorporation.
To organise your New Mexico nonprofit by mail, download the Articles of Incorporation form, fill it out completely, and return it to the New Mexico Secretary of State, along with the $25 filing fee. In Article 4, you will provide the name and contact information for your registered agent.
You must send a Statement of Acceptance of Appointment by Designated Initial Registered Agent form (included with the Articles of Incorporation) with your Articles of Incorporation, which your registered agent must sign to assent to their appointment.
Simply fill out a Statement of Change of Registered Agent form online and pay the $20 filing fee to officially change your New Mexico nonprofit’s registered agent.
Your new registered agent must also sign a Statement of Acceptance of Appointment by Designated Successor Registered Agent form, which must be uploaded to your online filing.
When you work at a charity, you have more essential things to worry about than monitoring the mail, submitting legal paperwork, and remembering compliance deadlines. A registered agent can help you with that. When you engage a professional registered agent service, you can put these responsibilities in their skilled hands and completely concentrate on what is most important to your firm.