New Mexico LLC Operating Agreement
Generate a llc operating agreement tailored to New Mexico law. Our AI incorporates NM-specific statutory requirements, disclosure obligations, and legal standards into every document.
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New Mexico Legal Requirements
Key NM statutes and obligations that apply to your llc operating agreement.
Requirements
- Governed by the New Mexico Limited Liability Company Act (NMSA 1978, §53-19-1 et seq.); Articles of Organization filed with the Public Regulation Commission for a $50 fee
- Annual report required with a $25 fee due on or before the 15th day of the anniversary month of formation
- Registered agent with a New Mexico street address required; agent information filed in Articles of Organization
Restrictions & Limits
- Operating agreement cannot eliminate a member's right to access books and records below the statutory minimum (§53-19-15) or exclude liability for intentional misconduct
- LLC name must include 'Limited Liability Company,' 'LLC,' or 'L.L.C.' and be distinguishable from existing entities
- Professional LLCs for licensed services (law, medicine) must comply with applicable New Mexico licensing board requirements
Official Statute References
Primary New Mexico statutes governing this document type.
New Mexico LLC Operating Agreement FAQ
Common questions about llc operating agreements under New Mexico law.
How much does it cost to form and maintain a New Mexico LLC?
Articles of Organization cost $50. New Mexico requires an annual report with a $25 fee due in the anniversary month of formation. New Mexico is a right-to-work state and has relatively low business formation costs.
Does New Mexico recognize single-member LLCs?
Yes. Single-member LLCs are fully recognized under New Mexico law. A written operating agreement is strongly recommended even for single-member LLCs to document operational rules and reinforce the entity's separate existence.
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LLC Operating Agreement by State
Laws vary significantly by state. Find the right form for your location.
Disclaimer: LegalLawDocs.com provides self-help legal documents for informational purposes only. The documents and information on this site do not constitute legal advice and are not a substitute for consultation with a licensed attorney. Laws vary by state and change frequently — review your document with a qualified professional before relying on it.