For starters, New Mexico has no registration requirements for companies that use a DBA or business name. In addition, there is no method by which a company can register or register its DTA or trade name with the State. Therefore, it is important to realize that using a DBA in New Mexico or operating under a name other than your company`s legally recognized name may have legal implications for you and your business, which you should discuss with an attorney. New Mexico currently has no fictitious name registration requirements at the state or local level. We supervise your DBA project from design to maintenance. We scan registration requirements across state borders, check name availability, prepare and submit DBA records, track renewals, and prepare and present renewals. Each state has its own requirements for registering a business. Now that you`ve selected a business structure and your business name, here are the requirements to register your business in New Mexico. Keep in mind that if your business was incorporated in another state, you may need to register your business with the New Mexico Secretary of State in order to do business in that state. In addition, foreign companies should also contact the state institutions needed to do business in New Mexico. Also, be aware of the state and local laws that govern your industry or business operations.
Contact a registered agent to determine whether or not your business is subject to New Mexico regulations or licensing requirements. No. DBAs are not a business entity and do not have separate tax IDs. The business entity that owns the DTA would have an EIN or tax number, if a number is required for the business (in almost all cases, one is required). DBA / Fictitious Name / Trade Name The license is not required at the state level in New Mexico. A company must obtain a business tax identification number if it has to report one of the following taxes: Filing a CDI allows a company to do business under a different name. Learn more about how to get a DBA in New Mexico when required by law, and more. There are 3 basic options: a DBA, a company or an LLC. Click here to learn more about business units. You will need a database administrator if your company uses a name (for example, for the company logo, on your website, on signs, on products, etc.) that is not the same as the company name.
For example, if you register an LLC called New Mexico Holdings, LLC and operate as New Mexico Realty, you will need a DBA because these names are different. If you use a shortened version of your company name as your assumed name (Smart Lamp Shades, but under the name SLS), you must register a DBA. To obtain an EIN, you can apply online with the IRS or via the IRS Form SS-4. There are a number of other benefits associated with filing a DTA, such as the ability to open a bank account under the assumed name, the ability to avoid legal liability for trademark infringement or deceptive practices, and the ability to build trust in anyone doing business with the company. Of course, you can do all the steps above or you can spend 5-10 minutes on our order form and let us take care of it while you work on more important things. Choosing a business name is easier said than done – many legal and business problems can arise when choosing the wrong name (you can always change it later, but the less often you have to do it, the better). In step 3, we`ll show you how to search for the name in New Mexico, but we strongly recommend that you do the following before searching the New Mexico state databases: In addition, there is a short-term solution that you can consider when registering a reserved name with the state. Although this allows you to perform limited operations, such as: Opening a bank account under this name, reserving a name is not a viable long-term solution. This is because your reserved name expires after 120 days.
Tip: Check out our order form to see how long New Mexico currently takes to process regular and expedited orders. A New Mexico LLC can be processed in 5 business days, but a New Mexico company can take up to 4 months to file and return, so expedited filing is highly recommended. QUICK TIP: Look for misspellings, plurals, spellings, similar sounds, and other versions of the chosen name to make sure it`s not already registered. Maybe. You can use Inc. in the DBA name only if you have registered a company. If you have formed an LLC but want to run your business under a different name, you will need to officially register that name as a DBA, which is usually a simple process. A business must also register with the Office of the New Mexico Secretary of State. In addition, the ILC could not indicate that the corporation was authorized to carry on an activity that it could not carry on and could not lead to confusion with the name of a pre-existing domestic entity that existed under the laws of New Mexico. The name must contain the word “Corporation”, “Company”, “Incorporated” or “Limited” or contain an abbreviation of any of these words.
LLC: New Mexico LLCs are not required to file an annual report. Now that you`ve set the company up for success, you need to spread the word. Create a marketing plan for your products and services that targets your ideal customer. For more information, see Marketing and sales. You can also file an ACD-31015 business tax registration with any county tax office with an appointment. Applications submitted by mail will be processed on a first-come, first-served basis and processing times may vary. We will then send you the registration certificate of your professional tax identification number. Applications for business tax identification numbers are also available in many cities, towns, and town halls across the state. While the rules vary from state to state, it`s helpful to know what they are before choosing a name for your LLC. A business tax identification number is not required for those who are required to pay withholding tax on oil or gas products to non-residents of New Mexico for wells in that state. Pay these deductions using RPD-41284-V, Quarterly Return of Oil and Gas Product Tax Withholdings.
Information on different types of businesses, as well as other business tips, can be found on the New Mexico District Office of the New Mexico Small Business Administration (SBA): New Mexico does not have DBA registration statuses. Companies that want to apply for a reserved name, or DTA, are likely required to provide certain information, such as the name of the company as it currently exists, the type of business to conduct in New Mexico, the name of the applicant, and the name of the company to be booked. Company names can be reserved in New Mexico for up to 120 days. In general, no. Many state laws prevent DTAs that are too similar to existing DTAs, but this varies from state to state. One way to ensure the legal protection of your CDI is to mark it as a trademark. In some cases, some businesses require a different type of registration in addition to the VAT number. Special registration is required for the sale of cigarettes, tobacco products and spirits, for water production, for gasoline and specialty fuels, and for businesses engaged in separation and resource activities.
File Form ACD-31015 Business Tax Registration or go to your county tax office if you prefer to fill out the form in person. TIP: Our start-up service includes free banking processing for you. Check out our list of accountants, accounting software and accountants in our supplier network. Each Business Tax Identification Number is used to report and pay taxes levied on the above programs from businesses operating in New Mexico. You click on “Apply for a New Mexico Business Tax Identification Number” and follow the instructions. After completing and approving the online application, you can log in with the access data configured during the application. TIP: We provide you with your EIN when we start your business. Company documents must generally be retained for 3 years, including a list of all owners and addresses, copies of all incorporation documents, financial statements, annual reports, changes or changes to the corporation. All tax and business records must be kept for at least 3 years. In our “Accounting & Financial Management” section, you will find help with setting up an accounting system and purchasing accounting software. New Mexico requires that all sole proprietorships, partnerships, corporations, limited liability partnerships (LLCs), limited partnerships (LPs), limited liability companies (LLPs), or non-state corporations that regularly carry on business in New Mexico under a name other than their legal name are required to file a DTA with the New Mexico Secretary of State. The laws are strict – you can not distort the activities of the company.
The single state of New Mexico is the most competitive state in the Southwest for manufacturing and one of the nation`s leading energy producers. Operating costs, real estate and labor costs are very competitive in the land of enchantment. Click here to see our MyCompanyWorks Premium service™, which can automate most of your ongoing compliance tasks. After registration, you will receive a New Mexico Tax Identification Number. You will get individual tax identification numbers for the following accounts if they apply to your business: You don`t need a DBA for your LLC. You can operate the LLC as the LLC.