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New Mexico Business Formation Questions & Answers
1 Answer | Asked in Tax Law, Business Formation and Business Law for New Mexico on
Q: "Do I owe taxes for a $3 Wise transfer before dissolving my NM LLC? What’s the average cost for dissolution?"

I hope you're doing well. I’m considering dissolving my LLC, which is based in New Mexico. The LLC has not generated any income, except for a personal transaction of $3 via Wise.

I appreciate your insight and guidance on this matter.

James L. Arrasmith
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answered on Sep 30, 2024

Dissolving your LLC in New Mexico is a straightforward process, but you should ensure all financial obligations are addressed before doing so. The $3 Wise transfer you mentioned sounds like a personal transaction, and if the LLC didn’t generate any income, it's unlikely to have significant... View More

1 Answer | Asked in Business Formation for New Mexico on
Q: Can two businesses use similar names?

A company called Aftermath, INC. contacted me saying we cannot use the word "aftermath" for my LLC. My LLC is called "Aftermath Cleanup Unit."They said they trademarked the word Aftermath. Is this possible? If so why did the Secretary of State grant me a business license with my company name?

Michael Ray Smith
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answered on Sep 4, 2019

Your question involves two different issues: trademarks and the names of entities.

First, let's talk about trademark rights. The essence of a trademark is to identify the source of goods or services. Trademark infringement occurs when one mark used in connection with goods or services...
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2 Answers | Asked in Business Formation and Tax Law for New Mexico on
Q: my ex wife and I owned a local corporation and we have divorced. My ex told me that the company was dissolved. how???

I have the articles of the corporation showing me as an officer and that the corporation has not been dissolved. Would a case like mine fall under tax law??

D. Mathew Blackburn
D. Mathew Blackburn
answered on Jul 30, 2019

It wouldn't be tax to determine if it was dissolved or not. You'd need a business attorney. You can also check the Secretary of State's website to see the current status.

If it was dissolved you may have a taxable event on liquidation.

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1 Answer | Asked in Business Formation for New Mexico on
Q: What do the initials "R.F." mean following an Estheticians name?
Charles Snyderman
Charles Snyderman
answered on May 16, 2014

Radio frequency

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