Starting a Business in Alabama | Starting a Business in Alaska | Starting a Business in Arizona | Starting a Business in Arkansas | Starting a Business in California | Starting a Business in Colorado | Starting a Business in Connecticut Starting a Business in Delaware | Starting a Business in the District of Columbia | Starting a Business in Florida | Starting a Business in Georgia | Starting a Business in Hawaii | Starting a Business in Idaho | Starting a Business in Illinois Starting a Business in Indiana | Starting a Business in Iowa | Starting a Business in Kansas | Starting a Business in Kentucky | Starting a Business in Louisiana | Starting a Business in Maine | Starting a Business in Maryland
Starting a Business in Massachusetts | Starting a Business in Michigan | Starting a Business in Minnesota | Starting a Business in Mississippi | Starting a Business in Missouri | Starting a Business in Montana
Starting a Business in Nebraska | Starting a Business in Nevada | Starting a Business in New Hampshire | Starting a Business in New Jersey | Starting a Business in New Mexico | Starting a Business in New York
Starting a Business in North Carolina | Starting a Business in North Dakota | Starting a Business in Ohio | Starting a Business in Oklahoma | Starting a Business in Oregon | Starting a Business in Pennsylvania
Starting a Business in Rhode Island | Starting a Business in South Carolina | Starting a Business in South Dakota | Starting a Business in Tennessee | Starting a Business in Texas | Starting a Business in Utah
Starting a Business in Vermont | Starting a Business in Virginia | Starting a Business in Washington | Starting a Business in West Virginia | Starting a Business in Wisconsin | Starting a Business in Wyoming
Starting a Business in Puerto Rico | Starting a Business in Guam | Starting a Business in the U.S. Virgin Islands
Home | Courses | Why LaunchX | Resources | Business Tools | Library | Blogs & More | About Us
Policies | Site Map | Guarantee | FAQs | Contact Us
Sign Up for Our Mailing List
Sign up for our mailing list and be the first to receive announcements from LaunchX.
Copyright 2009-
Business Entity Formation
Business entities are formed by registration with the New Mexico Public Regulation Commission.
Limited Liability Company
Filing a Domestic LLC (for profit company, first registered in New Mexico) is a $50 initial filing fee, $25 annual fee, and may not be submitted online. Expedited service is not available. Turnaround is generally less than 10 days. Limited Liability Companies are exempt from filing reports.
Filing a Foreign LLC (for profit company, first registered elsewhere) is a $100 initial filing fee, $25 annual fee, and may not be submitted online. Expedited service is not available. Turnaround is generally less than 10 days. Limited Liability Companies are exempt from filing reports.
Corporation
Filing a Domestic Corporation (for profit company, first registered in New Mexico) is a $100 initial filing fee, $25 annual fee, and may not be submitted online. Expedited service is not available. Turnaround is generally less than 10 days. The minimum fee is listed. The maximum fee is $1,000. The First Profit Corporate Report is required to be filed within thirty days after the date on which its certificate of incorporation or its certificate of authority, as the case may be, is issued by the commission, and thereafter biennially for profit corporations.
Filing a Foreign Corporation (for profit company, first registered elsewhere) is a $200 initial filing fee, $25 annual fee, and may not be submitted online. Expedited service is not available. Turnaround is generally less than 10 days.The minimum fee is listed. The maximum fee is $1,000. The First Profit Corporate Report is required to be filed within thirty days after the date on which its certificate of incorporation or its certificate of authority, as the case may be, is issued by the commission, and thereafter biennially for profit corporations.
Sole Proprietor
A sole proprietor business does not require registration with the state.
DBA (Doing Business As) or Fictitious Business Name
The State of New Mexico does not require a business to register an assumed business name.
Business Licenses
Business licenses in New Mexico issued through the State are for tax purposes only. Most businesses will be required to obtain an occupation license from the municipality or county where its office(s) is located. For more information on business licenses in New Mexico visit the county website from this directory website.
Professional Licenses
There are a number of professions that require a state license in New Mexico. For more information on professional licenses, visit this website. This website includes both regulated industries and occupations.
State Income Tax
New Mexico does have a state income tax for individuals. New Mexico does have a state income tax for corporations. Visit this website for more information on business income taxes in New Mexico.
New Mexico does have a franchise tax for corporations. The New Mexico Franchise Tax is combined with the income tax for reporting purposes.
State Sales Tax
New Mexico has a gross receipts tax instead of a state sales tax. Visit this website for more information on sales taxes in New Mexico. Apply for an New Mexico sales tax permit here. This publication gives information for new businesses.
Employer Assistance
The state of New Mexico administers labor and employment issues through the New Mexico Department of Workforce Solutions.
Unemployment Insurance
Unemployment insurance information for employers in New Mexico is available at this website.
Unemployment insurance information for workers in New Mexico is available at this location.
Workers' Compensation
Information for employers in New Mexico regarding Worker's Compensation is available from the State of New Mexico Workers' Compensation Administration website. The Workers' Compensation Law requires that all employers of three or more employees have a workers' compensation insurance policy . Employers in the construction trades are required to have workers' compensation insurance coverage, regardless of the number of employees.
Occupational Health & Safety
New Mexico provides Occupational Health & Safety support through New Mexico Occupational Safety and Health Bureau. Visit their website. New Mexico has adopted the Federal OSHA Regulations and has promulgated some State specific regulations.
Resources for Starting a Business in New Mexico