New Mexico Assumed Name Certificate
Description
How to fill out Assumed Name Certificate?
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FAQ
Is registering a DBA required in New Mexico? No. New Mexico doesn't register DBAs, nor does it require DBAs to be listed on any state or local business license or tax forms. However, most state and local forms do feature a section where you can list your DBA alongside your legal business name.
You'll do this by completing an Application for Reservation of Name form and filing it with the New Mexico Secretary of State. The name will be reserved for 120 days. If you're starting your business right away, you don't need to reserve a name.
Although New Mexico doesn't have a general business license requirement, you do have to register with the Taxation & Revenue Department and get a New Mexico Tax Identification Number. This state tax ID is required to do business in the state, and is different from your LLC's federal EIN number.
An LLC has distinct advantages in the areas of legal protection and liability. While there are filing fees for setting up an LLC, that cost can be well worth it when compared to the thousands of dollars you could be liable for as a sole proprietor. On the other hand, it costs no money to start a sole proprietorship.
The online filings and moderate fees show a commitment to creating a friendly haven for companies: Anonymous Ownership. No Managers or Owners Listed. No Annual Fees or Filings. No Franchise Taxation. Everything is Online. No Need to Visit New Mexico. No Need to Visit The U.S. No Residency Requirements.
Texas state law does not require sole proprietors to file a DBA. However, any incorporated company must file a DBA if they wish to operate a business that is not their legal company name.
It is very easy to set up a sole proprietorship in New Mexico and can be done without filing legal paperwork with the state. On the other hand, an LLC must be applied for with the state, and you are required to keep up any fees and requirements to stay in compliance.
Most licensing in New Mexico happens at the local level, and sole proprietorships do not need to register with the state. However, you still need to obtain the necessary licenses to legally operate your business.
