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The document ACD-31050 outlines the application process for Nontaxable Transaction Certificates (NTTCs) in New Mexico, detailing registration requirements, types of NTTCs available, and their authorized uses. It emphasizes the importance of accurate information to avoid penalties for fraudulent claims and provides instructions for applying online or via mail. The document also specifies various NTTC types, including those for resale, construction materials, and services related to manufacturing.

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What is a business applicant?

This is the person who caused your company to be formed. Think back to who filed the documentation to either form or register your company. In most states, this document is filed with the Secretary of State. If you filed yourself, the person listed as the incorporator or organizer is most likely the company applicant.

What is the meaning of applicant for business?

An applicant for business, in relation to a firm, is a person seeking to form a business relationship, or carry out a one-off transaction, with the firm. Examples of applicants for business. 1 A person dealing with a firm on his or her own behalf is an applicant for business for the firm.

What is the full meaning of applicant?

(ˈplɪkənt) noun. a person who applies for or requests something; a candidate. an applicant for a position.

What is company applicant information?

A company applicant is an individual(s) who prepared or filed the businesss formation documents to legally create the entity. A reporting company must identify one direct filer company applicant the person who physically or electronically filed the entity registration documents.

What is the meaning of company applicant?

The company applicants of a reporting company include the individual primarily responsible for directing the filing of the creation or registration document.