New Mexico Business Licensing Information for Contractors
Contractor’s License Requirements in New Mexico
In the state of New Mexico, those individuals or businesses that wish to obtain a contractor’s license can do so using the website for the Contractors’ Licensing Services. Through this website, you can check through the necessary qualifications and fees for licensure in the state of New Mexico.
New Mexico Business Licensing for Electricians
Electrical Contractor and Electrician Licenses in New Mexico
In New Mexico, licenses are required to bid and perform contract electrical work in the state. Through the Contractors’ Licensing Services, you can obtain an application along with the required fee schedule to get your electrical license.
Through CLSI’s website, you can obtain contractors’ applications along with bond information and more.
Business Licensing Information for Plumbers in New Mexico
In order to do plumbing work in the state of New Mexico, the state requires you to have a license. On the website for the CLSI, plumbers can access information on applying to become a plumber, rules and regulations, and the plumbing code.
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Additional Business Licensing for All Businesses in New Mexico
Business Licenses in New Mexico
Information for business and occupational licenses in the state of New Mexico can be obtained from the website for the New Mexico Economic Development Department. There are many professions in New Mexico that require licensure by businesses operating in the state.
New Mexico Business Tax Information
Business Tax Registration
Any business operating in the state of New Mexico must register for a tax identification number, licenses or applicable permits, sales tax accounts and unemployment insurance tax using the website for the state’s Department of Taxation & Revenue. To determine your tax liability or to make online payments, consult the website linked.
This website can also be used for general tax information and forms related to taxes.
Insurance Requirements for Businesses in New Mexico
Unemployment Tax Requirements
Unemployment insurance is required to be paid by every business operating in New Mexico. This process is managed and regulated by the state’s Workforce Connection. In addition, employers and businesses can use this section of the website to register the business, pay premiums and report wages. Under certain conditions, your business may need to remit payment for unemployment insurance taxes.
Workers’ Compensation Requirements
With very few exceptions, employers in the state of New Mexico who employ more than one worker must get and maintain Workers’ Compensation Insurance. Using the Workers’ Compensation section of the state’s website, you can obtain coverage, report your intent to self-insure and verify that a company has the necessary insurance to meet the state’s requirements.
Under the law, the premiums paid for this type of insurance coverage is always paid for by the employer and should never be deducted from the employee’s earnings.
For more information, contact can be made with the Workers’ Compensation Division using the address below:
Division of Workers’ Compensation
1100 South St. Francis Drive
Santa Fe, NM 87504
New Hire Reporting Requirements for Businesses in New Mexico
Reporting New Hires
Under federal law, employers are required to report newly hired employees within 20 days of their hire date. The following information can be reported using the New Hires Directory:
- Employee’s name
- Social Security Number
- Date of birth
- Hire date
- Employer’s name
- Payroll address
- Federal identification number (FEIN)
Employers may use the website for reporting, fax the information to 888-878-1614 or by sending it to the following address:
New Mexico New Hires Directory
P.O. Box 29480
Santa Fe, NM 87592-9480
Licensed Contractors in New Mexico
To verify a contractor’s license in the state of New Mexico, users can find information using the PSI Exams website.