The New Mexico multi-member limited liability company operating agreement is a private contract made strictly between New Mexico business owners regarding their entity. By determining and then declaring how their LLC shall be managed in writing, the members will have a predetermined set of rules that can be followed throughout the company’s lifespan. In addition to the operations of the New Mexico LLC, members should make sure to clearly address concerns like each one’s capital responsibilities to the company and level of power within its structure using this paperwork.

Since New Mexico will expect compliance upon signing, members would be well-advised to make sure their interests are protected and are encouraged to seek professional advice regarding their contract responsibilities before they execute any agreement.