Start a Business in New Mexico
Costs, permits, taxes, and requirements for NM.
Cost Index
92%
8% below avg
Income Tax
1.7-5.9%
Sales Tax
4.875%
LLC Fee
$50
Business Guides for New Mexico
Cleaning Business
$1,800 - $9,200
Lawn Care
$2,800 - $18,400
Pressure Washing
$2,800 - $18,400
Food Truck
$46,000 - $184,000
Photography
$4,600 - $27,600
Bakery
$9,200 - $368,000
Restaurant
$161,000 - $690,000
Coffee Shop
$73,600 - $322,000
Catering
$9,200 - $92,000
Landscaping
$4,600 - $92,000
Handyman
$1,800 - $9,200
Pool Cleaning
$1,800 - $13,800
Pest Control
$9,200 - $46,000
Carpet Cleaning
$4,600 - $46,000
Window Cleaning
$1,800 - $13,800
Junk Removal
$4,600 - $46,000
Moving Company
$9,200 - $92,000
HVAC
$13,800 - $92,000
Plumbing
$9,200 - $46,000
Electrician
$9,200 - $46,000
Auto Detailing
$4,600 - $138,000
Car Wash
$9,200 - $460,000
Pet Grooming
$4,600 - $92,000
Dog Walking
$500 - $4,600
Barber Shop
$46,000 - $184,000
Hair Salon
$32,200 - $211,600
Nail Salon
$13,800 - $184,000
Mobile Spa
$4,600 - $46,000
Bookkeeping
$1,800 - $9,200
Tax Preparation
$1,800 - $13,800
Notary Services
$500 - $4,600
Consulting
$900 - $9,200
Event Planning
$1,800 - $18,400
DJ Service
$2,800 - $18,400
Wedding Photography
$9,200 - $36,800
Web Design
$500 - $4,600
Graphic Design
$900 - $9,200
Social Media Management
$500 - $2,800
Personal Training
$1,800 - $46,000
Gym
$46,000 - $230,000
Tutoring
$500 - $9,200
Daycare
$9,200 - $460,000
Vending Machine
$1,800 - $46,000
Massage Therapy
$4,600 - $46,000
Yoga Studio
$13,800 - $92,000
Laundromat
$92,000 - $460,000
Florist
$9,200 - $46,000
Ice Cream Shop
$18,400 - $92,000
House Painting
$1,800 - $13,800
Tree Service
$9,200 - $46,000
Interior Design
$1,800 - $13,800
E-Commerce
$500 - $9,200
Pet Sitting
$500 - $2,800
Get a personalized cost estimate for New Mexico
Calculate CostsBusiness Requirements in New Mexico
Register Your Business
File with New Mexico Secretary of State. LLC fee: $50
Get Business License
Most cities require a general business license ($50-$300).
Get EIN
Free from IRS. Required for bank accounts and taxes.
Register for Sales Tax
State rate: 4.875%. Local taxes may apply.
Get Business Insurance
General liability protects from lawsuits. Often required by landlords.