All Businesses need a(n) , Albuquerque business tax registration.
All Businesses that use a business name to trade that is other than the surname and first name of a sole proprietor or a fictitious business name other than the LLC or Corporation legal name need a(n) Bernalillo County DBA assumed business name certificate.
You may also need a resale license if you selling touchable items. (A.K.A NM seller's permit, state id, wholesale, resale, reseller certificate).
In addition you will need a federal and a state EIN if you will hire employees. I.e., a NM Federal Tax Id Number and a(n) NM State Employer Tax Number
Instead of filing an Assumed Trade Firm business name ("DBA" Doing Business As) in Albuquerque, set up a coporation in NM or set up a(n) NM LLC
Here's How to Get Your NM Seller's Permit and Other permits and Registrations You May Need.
NM Seller's Permit, LLC, DBA, Licenses & Tax IDs Requirements:
Do you need a federal EIN, or can you use your SSN as a sole proprietor?
Here’s the checklist to keep your creative empire sparkling and compliant:
Obtain all licenses and registrations here online—no standing in line required! 🎨
Obtain everything online—no paperwork avalanches.
New Mexico has a gross receipts tax that is imposed on persons engaged in business in New Mexico.
New Mexico imposes a gross receipts tax of 5% on most retail sales or leasing of property or performance of services in New Mexico.The tax is imposed on the seller but it is common for the seller to pass the tax on to the purchaser.
The state rate is 5.125%. Municipalities may assess an additional gross receipts tax, resulting in rates between 5.375% and 8.8625%.
Numerous specific exemptions and deductions apply. The tax may possibly increase depending on the state growth.
Anyone who engages in business in New Mexico must register with the Taxation and Revenue Department (TRD).
We may make an exception if your business is exempt from gross receipts, withholding, or compensating tax by state law.
After registering you will receive a New Mexico tax identification number. Use this number to report and pay state and local option gross receipts tax,
New Mexico withholding tax and compensating tax under the Combined Reporting System (CRS).
Known as a CRS Identification Number, it is used to report and pay tax collected on gross receipts from business conducted in New Mexico.
First decide on a business structure Freelance Artist as a Sole Proprietor, LLC/Corp, or Partnership.
✔ Step 2 All Freelance Artist Businesses need a , Business tax registration also called an occupation business License ✔ Step 3 Selling/Leasing or if wanting to buy or sell Freelance Artist merchandise, food, equipment requires a Seller's Permit. ✔ Step 4 All Freelance Artist Businesses Using a DBA doing business as name need a DBA Fictitious Business Name ✔ Step 5 Hiring Freelance Artist Workers Requires a Federal EIN and a State Tax Number EIN
Selling/Leasing or if wanting to buy or sell Freelance Artist merchandise, food, equipment requires a Seller's Permit.
All Freelance Artist Businesses Using a DBA doing business as name need a DBA Fictitious Business Name
Hiring Freelance Artist Workers Requires a Federal EIN and a State Tax Number EIN
As of 6/18/2025 1:25:08 AM, you can obtain your ALBUQUERQUE seller's permit here at $39 plus any tax you may have to pay in advance. To set up your reseller license is inexpensive but starting your business may cost you about (figures vary depending on area and type of business ) $8022.59 or $7787105.77 depending on your start up money. Getting a license in ALBUQUERQUE BERNALILLO ALBUQUERQUE, 87105 You will have many potential clients in this city. In fact, as much as 54424 but about 19262 are families in this area in NM. In addition, getting a 505 cell phone area code may help increase the idea that you operate from the city because you can text your clients as a local vendor (remember, everyone is texting these days). You can lease a space to operate your business from but if buying a house, the prices are (about $ 87105 92200 avergage value) , which you can use as a home operated business as well.
Your actual location in ALBUQUERQUE will be your business address. E.g., your business location could be 74943 ALBUQUERQUE Road/Avenue or 77TH Way/Ct or ALBUQUERQUE, NM . Operating from a 87105 P.O. Box location purported as your business mailing address. E.g. P.O Box 70752 ALBUQUERQUE,NM 87105 . However this turns out, in 1166 considering demographics is intelligent. For example,
before iinvesting in getting a wholesale license there, there are about 29684, Whites, 41751 Hispanics, and 802 Blacks in the 87105 area. Another important consideration is that of the residents' income in the wingspan of your business location. Each family here earns about $31638 per household and has about 2.59 residents per family. However, is the weather nice? Consider that the altitude is 4943 feet, and you getting a seller's license in 7 time zone.