Required in New Mexico?
No. Businesses are not legally mandated to adopt an operating agreement in New Mexico.
By Type (2)
Single-Member LLC Operating Agreement—This document is for sole proprietors to establish their company policies, record daily activities, and manage various other aspects of the company. It will protect the owner’s assets in the event of legal action against them by creating separation between the owner and the business.
Download: PDF, MS Word (.docx), OpenDocument
Multi-Member LLC Operating Agreement – For use by companies that have more than one (1) member. The document will allow the establishment of various company procedures, and policies, as well as the responsibilities and duties of the managing members.
Download: PDF, MS Word (.docx), OpenDocument
State Definition
“Operating agreement” means a written agreement providing for the conduct of the business and affairs of a limited liability company and that agreement as amended in writing.