N.M. Admin. Code § 11.3.400.423

Current through Register Vol. 35, No. 21, November 5, 2024

Section 11.3.400.423 - PARTNERSHIPS

A separate employer account number and experience rating shall be assigned to each partnership of a group of two or more partnerships composed of identical partners with identical interests, if all of the following conditions are met:

A. each separate partnership joins in a request that individual reporting is appropriate;

B. a separate written partnership agreement exists for each partnership;

C. the accounting records for each partnership are separately maintained; and

D. there is no commingling of the employment of the two or more partnerships.

N.M. Admin. Code § 11.3.400.423

7-15-98; 11.3.400.423 NMAC - Rn, 11 NMAC 3.400.423, 9-1-2001, Adopted by New Mexico Register, Volume XXVII, Issue 22, November 30, 2016, eff. 11/30/2016