If you generate income, own property, buy goods, or hire employees, you will most likely have to pay taxes.

Many resources are available when it comes to understanding taxes. Advisors at the NMSBDC can direct you to the proper agencies that will help in determining what taxes you must pay. The SBDC has information on state, federal, local, and employment taxes, as well as how to obtain a federal tax ID number.

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Taxes for Legal Entities