Disclaimer
The information provided here serves as a general guide for establishing a limited liability company’s foundational agreement within the United States. It does not constitute legal advice and should not replace consultation with a qualified attorney experienced in business formation and state-specific regulations. Laws and requirements may differ based on jurisdiction, and modifications might be necessary to ensure compliance. Responsibility for applying this information appropriately rests solely with the user, and we accept no liability for errors, omissions, or outcomes resulting from its use without professional legal oversight.
Please note: This is a sample template for a New Mexico LLC Operating Agreement, provided for informational purposes only. Actual terms may differ based on specific circumstances and legal advice.
Sample of a New Mexico LLC Operating Agreement
Parties Involved:
Member 1: XYZ LLC
Address: 123 Main Street, Albuquerque, NM 87101
Member 2: ABC Enterprises LLC
Address: 456 Pine Avenue, Santa Fe, NM 87501
Formation and Purpose:
This Limited Liability Company (LLC) has been formed under the laws of the State of New Mexico for the purpose of engaging in lawful business activities as specified herein, commencing on the Effective Date.
Management Structure:
The LLC shall be managed by its Members, with decision-making powers vested according to the provisions set forth in this agreement, unless otherwise designated.
Capital Contributions:
Members shall contribute capital to the LLC as agreed, which shall be recorded and adjusted as necessary based on additional contributions or distributions.
Profits, Losses, and Distributions:
Profits and losses shall be allocated in proportion to Members’ respective ownership interests, with distributions made accordingly, subject to applicable laws.
Voting and Amendments:
Major decisions require approval by Members holding a specified percentage of ownership interests, and amendments to this agreement shall be made in writing and signed by all Members.
Dissolution:
The LLC may be dissolved upon agreement of the Members or as otherwise provided by law, with procedures for winding up described herein.
Albuquerque, NM, ______________________
Member 1 (XYZ LLC)
Member 2 (ABC Enterprises LLC)