By Finance New Mexico

The dramatic increase in freelancers, especially technology industry soloists, is driving a new trend called “coworking” — the sharing of workspace on the basis of a desire for community that its proponents see as a basic human need.

“Never before have we been so isolated,” Convivium Coworking’s Deborah Reese said of the growing army of solo entrepreneurs and self-employed people who populate the U.S. work force — either because the recession undermined their faith in working for others or because the internet and other mobile technology freed them to work anywhere they wanted.

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Contributor Joy J. Forehand, MPA, deputy secretary of the New Mexico Department of Workforce Solutions

By Finance New Mexico with assistance from Joy J. Forehand, MPA, deputy secretary of the New Mexico Department of Workforce Solutions

A business owner might find the paperwork involved in hiring an employee to be intimidating, which is why many delegate those duties to a payroll service if they have enough workers to make the expenditure worthwhile.

According to Joy J. Forehand, deputy secretary of the New Mexico Department of Workforce Solutions, “entrepreneurs who do not outsource their payroll to an outside firm and choose to do it on their own need to know what state and federal laws apply to the employer-employee relationship.”

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By Finance New Mexico

Everyone who starts a business in New Mexico expects to fill out lots of forms. Besides the application for a Combined Reporting System, or CRS, the business owner might need special permits to handle food or alcohol sales or to operate in specific industries.

But other permissions are required for a range of business activities that might not be as obvious. And it’s the duty of the business owner to know what they are. Continue reading →