New Mexico welcomes business and makes it easy to get started. Although the state maintains consumer and environmental protections, it keeps processes simple and costs low. The state is not highly bureaucratic, although it is mildly understaffed. Entrepreneurs will find relatively low taxes and easy entry possible in the Old Southwest.
In New Mexico, business consultants advise managers and business owners on a variety of issues including strategy, finance, efficiency, and policy. Even a consulting firm of one is a business. Many consultants operate out of their homes and make the mistake of assuming they can run their businesses license-free. However, most cities and states require business tax registration and licensing for all businesses, of all sizes – and some require Home Occupation Permits for home-based businesses.