How Do I... Here is a list of most things you'll need to legally start a business!
If you're in a hurry, just scroll to the bottom and print this out instead! ;)
This is your
LAUNCH LIST
LAUNCH LIST
So you have this idea for a business, but HOW and WHERE do you even start?
STEP 1: Ask yourself these questions!
What is your projected start up cost?
Tip: Be sure to round up, then add 20%!
What is the risk vs. reward with this venture?
Tip: Can you personally/your family survive your worst case scenario?
STEP 2: Get an insurance quote!
Insurance is a HUGE part of any business, and it's an important cost to take into consideration.
STEP 3: NOW you're ready to dig in to the legal stuff!
What will you name your business? Now, before you create a logo, follow this link to see if another business has the same name in NM:
portal.sos.state.nm.us/BFS/online/CorporationBusinessSearch
Legal Forms Required:
1. File for your EIN.
2. File for your New Mexico CRS online (the original will be mailed to you)
http://www.tax.newmexico.gov/Businesses/register-your-business.aspx
3. E-File your LLC Articles of Organization with the State of New Mexico website for $50.
http://www.sos.state.nm.us/Business_Services/NM_Domestic_LLC.aspx
4. Take your EIN and CRS down to your city hall permitting office and pay a fee to get your business license.
5. Take all this documentation to the bank of your choice and open your business account.
Look closely at monthly service charges etc.
Tip: Easily keep track of your receipts and expenses by putting an app on your phone and snap a photo right after paying.
ie. Expensify or Quickbooks
Let's talk about creating a custom marketing plan, starting as low as
$400/month, or getting items a la carte. Click the Book Online tab at the top of the page to get started. Line item prices available on the Price List tab.