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The cost to start a New Mexico limited liability company (LLC) is $50. This fee is paid to the New Mexico Secretary of State when filing the LLC's Articles of Organization.
New Mexico's municipal governments have rules that entrepreneurs must follow to operate from their homes.
Local business licenses typically cost $35 per year. New Mexico municipalities and most counties require that businesses within their jurisdiction become licensed.
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.
Steps for Obtaining a Business License in New MexicoOPTION 1: Apply Online With New Mexico Taxpayer Access Point.OPTION 2: Apply by Mail or by Email.Fee: None.Mailing Address: NM Taxation and Revenue Department. Attn: Compliance Registration Unit. P.O. Box 8485. Albuquerque, NM 87198.Email: Business.Reg@state.nm.us.
The State of New Mexico has no state requirement for filing a DBA.
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...?
You can apply for a Combined Reporting System (CRS) number online using the Departments website,Taxpayer Access Point (TAP) . From the TAP homepage, under Businesses select Apply for a CRS ID.