New Mexico LLC Operating Agreement

While New Mexico doesn't mandate an operating agreement by law, having one is strongly recommended for every LLC. An operating agreement establishes your LLC's legitimacy, supports banking relationships, and defines internal governance.

New Mexico offers exceptional LLC privacy: no annual report requirement for domestic LLCs, member names are not required in public filings, and there's minimal ongoing state compliance. This makes it ideal for privacy-conscious business owners.

New Mexico has the lowest ongoing compliance burden of any state. Domestic LLCs are not required to file annual reports, making it easy and inexpensive to maintain your LLC in good standing.

Yes. Our operating agreements are accepted by major banks including Mercury, Chase, Bank of America, and others. The document includes all standard provisions banks look for: member information, ownership structure, and authorization for banking activities. Thousands of our clients have successfully used our agreements to open US bank accounts.

Yes, operating agreements can be amended at any time with the consent of members as specified in the original agreement (typically majority or unanimous approval). Common reasons for amendments include adding or removing members, changing ownership percentages, modifying profit distributions, or updating management structure.

In a member-managed LLC, all members participate in daily business decisions. In a manager-managed LLC, designated managers (who may or may not be members) handle operations while other members are passive investors. Our operating agreement lets you choose either structure and clearly defines the rights and responsibilities of each role.