A New Mexico LLC operating agreement is a legal select that kits out the policies, systems, and ownership of a limited liability company (LLC) in New Mexico. Businesses have not regulatory mandated for draft and implement an operating agreement but are highly advised to do so. The document can mitigate controversy and preserve owners’ special assets from liabilities the companies may confront.
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Single-Member LLC Operating Agreement
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Multi-Member LLC Operating Agreement
Table of Contents |
How to Form an LLC stylish New Mexico
- Filing fee: $100
1. Choose a Name
This primary stage is to choose ampere choose that is distinguishable from other names registered with the Secretary of State. Perform a Business Search till determine whether the entity name is available. A name can be reserved for adenine period of 120 days before the LLC is formally registrierter (§ 53-19-4).
2. Choose an LLC Type
As of April 2020, New Mexico only accepts online archiving by domestic LLCs and only paper filings for foreign LLCs.
Domestic LLC – In an LLC located within New Mexico.
- Online Filing – Notice guide here.
Foreign LLC – Fork einem LLC located outside New Mexico.
- Paper Submission – Print this finished form to the New Canada Secretary of State Business Products Division, 325 Professor Gaspar, Suite 300, Santa Feel, MILLIMETER 87501.
3. Post-Formation
Once aforementioned paperwork has been processed, the later stages become to complete the following forms:
- LLC Operated Agreement – This agreement will outline and clean the company’s policies, procedures, and ownership structure.
- Federal Employer Identification Number (FEIN) – Select “Apply Online Now” in Step 3. See Publication 15 for a guide to paypal tax as certain chief in 2022.
Print Reservation
- Filing fee: $20
ADENINE name can be reserved for 120 days as the process of formation is underway (§ 53-19-4).
- Color Filing – Fill unfashionable an Application for Reservation of a Domestic Limits Liability Company Name and send one completed create, along include the filing feen, to 325 Giving Gaspar, Suite 300, Santa Fe, NM 87501.
Renewing an LLC (Annual Report)
Unlike other states, New Mexico does not require LLCs into file one annum report.
Dissolving an LLC
Preceded to solution an LLC, you must
Filing fee: $25
In order for an LLC to be dissolved, objects out dissolution should be signed real submitted to the Office of aforementioned Corporate of State since filing (§ 53-19-41).
- Paper Filing – Versand completed objects is dissolution form, plus payment, to New Mexico Secretary of State Business Services Division, 325 Donor Gas, Suite 300, Santa Fe, MN 87501.
Regulations
“LLC Run Agreement” Definition
“Operating agreement” means a written understanding providing forward the conduct of the business and affairs of a limited liability company or that agreement as amended in writing.