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The document is a business registration application form for new, relocated, or home businesses in Silver City, NM. It outlines the necessary information required from the applicant, including business details, owner information, and property specifics. The application includes fees for registration and safety inspection, as well as sections for zoning and property ownership verification. Applicants must certify the accuracy of their information and may need additional permissions depending on their business type.

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How to form an LLC in New Mexico?

Is registering a DBA required in New Mexico? No. New Mexico doesnt 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.

Are business licenses required in New Mexico?

Although New Mexico doesnt 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 LLCs federal EIN number.

How to start an LLC business in New Mexico?

How to form a New Mexico LLC in 6 steps Choose your business name. The first step is to choose a business name for your LLC. Appoint a registered agent. File articles of organization. Create an operating agreement. Obtain an EIN and open a business bank account. Register for state taxes and business licenses.

Does an LLC pay taxes in New Mexico?

New Mexico does not require LLCs to file an annual report. New Mexico imposes a franchise tax on LLCs if they paid federal income tax. The franchise tax is filed along with the state income tax, and is due by the 15th day of the third month following the close of the tax year. The fee is $50.

Can you have an LLC without having a business?

Yes you can have a LLC without a business as well. There is no problem with that.

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Does an LLC need a business license in New Mexico?

New Mexico doesnt have a general business license for LLCs, so there are no fees there. And although New Mexico requires every business to register for a state tax ID number with the Taxation Revenue Department, theres no fee to file the application.

Is New Mexico tax free for LLC?

All single-member LLCs in New Mexico are taxed as a sole proprietorship. The owner is expected to report income tax on federal Form 1040 and a state personal income tax return Form PIT-1. Single-member LLC owners must pay estimated taxes throughout the year based on their expected income and profit.

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How to form an LLC in New Mexico?

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Does an LLC pay taxes in New Mexico?

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Does an LLC need a business license in New Mexico?

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