To operate a new business in New Mexico, you need to follow the required steps to register. The first thing you need to do is to check for trademarks. If you want to start a business idea and a new business name, you want to make sure there are no existing trademarks for it. If everything is good, you can file for registration of your chosen name.
The next step is to decide on the legal structure of your business. There are certain drawbacks and benefits for each type of structure. You can go to the New Mexico Secretary of State office or website to learn more about the requirements for each.
You can now move on to file for a Federal Tax ID Number. This can be done via the IRS website . You can also visit the Taxpayer Access Point portal to obtain a State Gross Receipts Tax number.
Before you can proceed, you have to check with your local county or municipality for any additional licensing and permit requirements. This can vary from one county or city to another. Go to the NM Regulation and Licensing Division to learn more.
There are additional requirements for businesses planning to hire employees. You are required to purchase Workers Compensation Insurance in order to register your business. Other types of insurance might be required depending on the nature of business.
The state of New Mexico is divided into 33 counties, each administered by the elected commissioners serving two-year terms. Other officers for the county include the assessor, clerk, surveyor, treasurer, probate judge, and sheriff. Municipalities are integrated as cities, towns, or villages. There are 101 municipalities, 96 public schools, and 628 special districts in New Mexico.
The 1934 Indian Reorganization Act confirmed the rights of the Native Indians to govern, adopt a constitution, and form corporations for business under federal law. Subsequently, Indians also retained their right to vote in both state and federal elections. The Navajo tribe (one-third of whom resides in New Mexico) for example, elects a chairman, vice-chairman, and council members in the New Mexico and Arizona reservations. The Apache tribe elects a tribal council which is made up of a president and vice president. The Pueblo Indians tribe, on the other hand, elects governors in every pueblo and forms a coalition called the All-Indian Pueblo Council.See the main New Mexico Page for county links.
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