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Before you open your business, determine which of the numerous local, state and federal regulations apply to you. Avoid the temptation to ignore regulatory details. Doing so may save time in the short term, but could become an obstacle as your business grows.
Starting your new Farmington business
Below is a list of the most common requirements that affect small / new businesses. The list is by no means exhaustive, as regulations vary by industry. Consult the list below for a solid start to meeting your regulatory requirements, and then carefully investigate the additional regulations that affect your industry.
Business Licenses There are many types of licenses, and you will need one to operate legally. If your business is located within the city limits, you must obtain a license from the city. If you are outside the city limits, you must obtain a license from the county. Investigate whether you need a business license through your state government web site.
Farmington Business Name Businesses that use a name other than the owner's must register the fictitious name with the county as required by the Trade Name Registration Act. Check for the appropriate name of the Trade Name Registration Act in your area. This does not apply to corporations doing business under their corporate name or to those practicing any profession under a partnership name.
Protecting Your Idea If applicable to your business, you may want to apply for trademarks, patents and your copyrights. Information regarding these applications is listed below.
Starting a business in Farmington
In 1540, the Spanish conquistador Coronado trekked through the area known today as New Mexico in search of the fabled seven cities of gold. New Mexico, called the "Land of Enchantment," was the 47th state, entering the Union in 1912. Part of the "Old West," New Mexico was a place known for cowboys and cattle drives. The influence of the Apache Indians who live there is evident in the artwork and culture. The Pueblo Indian presence is also very apparent, most visibly in the tribe's buildings. The state also has a large Hispanic population, as New Mexico was under Spanish control from the 16th century until about 1846. The capital city of Santa Fe, founded in 1610, has the oldest continually used seat of government in North America. The state flower is the yucca.
Incorporating online
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