NM DBA BUSINESS NAME

If you are the shareholder / owner of  a corporation, LLC, or other state registered limited entity, the legal name is the name on the face of the filed articles / certificate. Other than corporate state created entities,  the legal name of the owner is the personal name of the business owner or owners.  Starting business operations in () and even opening a bank account under any name other than your legal name requires a DBA filing.

Get Your NM DBA, Doing Business as, Fictitious Business Name Statement, Certificate of Assumed Business Name, Fictitious Firm Name, Doing Business As, DBA business certificate.

New Mexico DBA stands for "doing business as."   Depending on the state,  governments may also use the terms fictitious business name, trade name or assumed name.  You are required to register Augusta DBA if your business operates under a name other than its legal name.

GETTING A New Mexico DBA VS. INCORPORATING OR FORMING AN LLC

 

WHAT IS A <br /> <span style="font-size: 1.1em;color:green"> <div class="fa-3x"> <i class="fa-duotone fa-cactus fa-3x" style="--fa-primary-color:blue; --fa-secondary-color: yellow"> </i></div> <h2>Introduction</h2>Starting a small business can be an exciting and rewarding venture, but it's important to do your research and understand the local business climate before taking the plunge. In this response, I'll provide you with some information about New Mexico to help you determine the viability of starting a small business in the area. <h2>About New Mexico</h2>For example, Farmington is a city located in San Juan County, New Mexico, with a population of approximately 45,000 people. San Juan County is home to over 125,000 people and covers an area of approximately 5,500 square miles. New Mexico is a state located in the southwestern United States with a population of approximately 2.1 million people. <h3>Business Climate</h3>Farmington and San Juan County have a diverse economy that includes industries such as healthcare, education, retail, and manufacturing. There are also many opportunities for outdoor recreation, such as hiking, camping, and fishing, which can attract tourists to the area. According to the Small Business Administration, there are approximately 17,000 small businesses in New Mexico. This includes businesses with less than 500 employees and annual revenues of less than $7.5 million. <h3>Resources for Small Businesses</h3>Farmington and San Juan County offer a variety of resources for small businesses, including: <ul> <li>The San Juan College Small Business Development Center, which offers counseling, training, and resources for small businesses</li> <li>The San Juan Economic Development Service, which provides assistance with business relocation, expansion, and workforce development</li> <li>The Four Corners Economic Development, which offers resources and assistance for businesses in the Four Corners region of New Mexico, Arizona, Colorado, and Utah</li></ul> <h3>Interesting Facts</h3>Here are a few interesting facts about Farmington and New Mexico that may be of interest to small business owners: <ol> <li>New Mexico is the fifth-largest state in the U.S. and has a rich history and culture that can be a draw for tourists and residents alike.</li> <li>Farmington is located near several popular tourist destinations, including Mesa Verde National Park and the Four Corners Monument.</li> <li>New Mexico has a lower cost of living compared to other states in the U.S., which can be beneficial for small business owners looking to keep their expenses low.</li> <li>The state of New Mexico offers several tax incentives and credits for small businesses, such as the Job Training Incentive Program and the Angel Investment Tax Credit.</li></ol> Here is a comprehensive list of licenses and business registrations that may be required to start a small business in New Mexico. <h3>Business License</h3> Most businesses in New Mexico are required to obtain a business license. The requirements and fees vary depending on the type of business and its location. To obtain a business license, you may need to: <ul> <li>Register your business</li> <li>Obtain a tax identification number</li> <li>Obtain any necessary permits and licenses</li> <li>Complete a business license application and pay any applicable fees</li></ul> <h2>Conclusion</h2>Starting a small business in New Mexico can be a viable option for entrepreneurs who are looking for a diverse economy and access to resources for small businesses. By doing your research and taking advantage of local resources, you can increase your chances of success and help contribute to the growth and prosperity of the local community.<br /> <br /> <br /> <br /> <br /> </span> DBA

A dba "Doing Business As" is just a business name certificate you are legally required to file - i.e, you need to register your New Mexico business name and obtain a business name certificate, also called a DBA.   A DBA helps you open a bank account and be legal but it does not protect your personal assets because the business entity is still a sole owner or partnership.  A sole owner and all partners are liable for all civil or financial liability that the business incurs.

WHAT IS A NM CORPORATION OR LLC

A corporation or LLC is a separate and distinct state created legal business entity - separate from its shareholders / owners.  Thus, a shareholder's / owner's assets, such as a home, personal bank account, or automobile, are not at stake if the corporation or LLC is sued and a court judgment is entered against it for civil or financial liability. 

Only the corporate or LLC assets are at stake.  If the corporation has one computer and $1,000 in a corporate bank account, that is all that can be seized.  If you register a dba and you are sued, you are liable for all business liability and creditors can go after your personal assets. Here is an example:

Business Licenses You Need to Legally Start Your Business

In a Nutshell -- Here's what you need to start:

All businesses must obtain:

• 1. A

  DBA

  Articles   On Friday, November 19, 2021 2:04:00 PM there was a question about Business Get DBA Filling Garland Tx  . The Services business category and Yoga teacher type, has   employees and located in Garland Dallas County  , TX 75040 and the business owner wants business credibility in the market as. deas XYZtch , Inc.Co Whatever name a company chooses to do business as, it requires a fictitious business name registration, which also requires a fee to be registered. Registering a fictitious business name does not protect that name nor does it protect the business owner from personal liability related to business actions as setting up a corporation does. It is perhaps a better choice to just incorporate for the same or a little higher fee because you will also have corporate protection for the business name and personal vs business liabilities. Registering a trade name allows you to create stationary and open a business bank account but you are not protected from liability. E.g. if your business has debts the lender can sue you personally to obtain a judgment vs your personal assets as opposed in the case you were a corporation where the lender could only sue the corporation directly and if the corporation had no assets the lender could get nothing.

  New Mexico business License and an
  New Mexico Assumed Business Name DBA.
  
• 2. All retailers and wholesalers of taxable items must obtain a Sales State Tax ID Number, also called a New Mexico resellers, resale or wholesale number ID.
  
• 3. All employers, must get a NM federal tax employer number and a
  NM state employer number ID.
  
• 4. Optionally, to protect your personal assets, such as your home or automobile, from business related lawsuits or creditors, by New Mexico forming an LLC
• If you want to protect your personal assets, you might consider incorporating in
  New Mexico , or better yet form a
  NM LLC .
  
• NM Form LLC or
  NM Incorporating.