How to Start a Photography Business In New Mexico
There are a few steps to take to start a photography business in the state of New Mexico.
Getting started– New Mexico has a website to help you get your business started: https://gonm.biz/business-resource-center/
1. Register your photography business name.
You may not need to register your business name unless you want to trademark it. Make sure no one else is using the name you choose here: https://portal.sos.state.nm.us/BFS/online/CorporationBusinessSearch
If you need help choosing a business name: How To Choose A Photography Business Name
2. Select your business structure.
Sole-proprietor, LLC, Partnership, Corporation, etc. Find out more here: http://www.hg.org/busstructure.html
3. Register your photography business.
You can register your new business with the state of New Mexico here:http://www.tax.newmexico.gov/Businesses/register-your-business.aspx
4. Open a Business Checking Account.
You will need to open a separate bank account for your photography business with your new business name.
You may want to file your own taxes if you are a small company. As you grow, it will be easier to have an accountant do the work. Be sure to research law requirements on collecting sales tax. More info about taxes here: http://www.tax.newmexico.gov/Businesses/register-your-business.aspx and http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Starting-a-Business
6. Get Liability Insurance.
You may want to consider liability insurance to help in case of a photography-related accident.