Updated November 23, 2021
A New Mexico single-member LLC operating agreement is a legal document that is utilized by the sole proprietor (single owner) so that they may establish their company procedures and policies. They would also proceed to limit their liability in the event any type of legal action may be taken against them, inasmuch as the implementation of the document shall separate the owner from the business.
Since the owner’s assets will be separate from the business, they would not be responsible to liquidate their personal asset to pay claims. The document will also provide tax benefits, not available to the business if the document is not in order.