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Level 1
August 16, 2020
Question

How do I set up a new State of New Mexico limited liability company?

  • August 16, 2020
  • 2 replies
  • 8 views

I have a new client, a limited liability company located in the State of New Mexico.  How do I set it up in the partnership section of Lacerte?

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2 replies

BobKamman
Level 15
August 16, 2020

Have they already decided to be taxed as a partnership and not as a sole proprietor or corporation?  

Level 2
February 25, 2021

The LLC has to register similar to corporation through the NM state secretary.  Single member LLC will not have anymore filing requirements.  Others will follow the PTE or CIT depending of their Federal Status