New Mexico Business Start-up Checklist

State:
Multi-State
Control #:
US-04088BG
Format:
Word; 
Rich Text
Instant download

Description

The business start-up checklist below is meant to inform you of the tasks you may have to perform when starting your business. Not every small business will have to complete each step. For instance, you may decide not to register your trademark with state or federal officials. Or, you may not be required to publish a notice of intent to do business. Since laws vary by state and by type of business, be sure to check with local authorities to determine if there are any additional legal steps you need to take.
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FAQ

Conduct market research. Market research will tell you if there's an opportunity to turn your idea into a successful business.Write your business plan.Fund your business.Pick your business location.Choose a business structure.Choose your business name.Register your business.Get federal and state tax IDs.More items...

New Mexico's municipal governments have rules that entrepreneurs must follow to operate from their homes.

New Mexico corporations and LLCs are formed by filing the Articles of Incorporation or Articles of Organization with the NM Secretary of State. It costs $125 or more to form a New Mexico corporation or $50 for a NM LLC.

Albuquerque is a fantastic place to meet other entrepreneurs and creatives. This is vital in the world of startups, where you'll often find yourself sequestered in your living room by yourself, staring at a laptop screen into the wee hours of the night.

Small businesses are defined for this profile as firms employing fewer than 500 employees.

New Mexico made some year-to-year strides in a small business survey, but overall still ranked poorly in overall friendliness toward small businesses in a study by Thumbtack, a website that connects customers with local professionals to complete projects.

Step 1: Choose the Right Business Idea.Step 2: Plan Your New Mexico Business.Step 3: Get Funding.Step 4: Choose a Business Structure.Step 5: Register Your New Mexico Business.Step 6: Set up Business Banking, Credit Cards, and Accounting.Step 7: Get Insured.Step 8: Obtain Permits and Licenses.More items...?5 days ago

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New Mexico Business Start-up Checklist