New Mexico Llc Operating Agreement Template

Disclaimer

The content provided serves solely as a general reference guide for establishing a limited liability company’s operating framework. It is not legal advice and should not replace consulting a qualified attorney familiar with local laws and regulations. Legal requirements can differ by state or jurisdiction, and modifications may be necessary to ensure compliance. Use of this material is at your own risk, and we disclaim any liability for errors, omissions, or consequences resulting from its use without professional legal review.

This sample document illustrates a basic New Mexico LLC Operating Agreement. Actual details and terms may vary; adapt to your specific circumstances and legal requirements.

Sample New Mexico LLC Operating Agreement

Parties:

Member 1: Alex Johnson
Address: 789 Market Street, Albuquerque, NM 87102

Member 2: Maria Lopez
Address: 456 Central Avenue NE, Albuquerque, NM 87106

Purpose of the LLC:

The purpose of this LLC is to engage in lawful business activities in the State of New Mexico, including but not limited to consulting, investment, and real estate operations.

Management Structure:

The LLC shall be managed by the Members collectively. Decisions shall be made by a majority vote unless otherwise specified in this agreement.

Initial Capital Contributions:

Member 1 shall contribute $50,000, and Member 2 shall contribute $50,000, in cash, toward the LLC’s initial capital.

Distribution of Profits and Losses:

Profits and losses shall be allocated to Members in proportion to their respective capital contributions, unless otherwise agreed in writing.

Bank Accounts:

The LLC shall maintain its bank accounts at a federally insured institution. Signatory authority shall be designated by the Members.

Dissolution:

The LLC may be dissolved upon the written consent of Members holding a majority of the ownership interest or as otherwise provided by law.

Additional Provisions:

• Amendments to this agreement require the written consent of all Members.
• Any disputes shall be resolved through binding arbitration in Bernalillo County, New Mexico.
• Members shall maintain confidentiality of proprietary information.

Albuquerque, ______________________