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A New Mexico LLC operating agreement is a written agreement providing for the conduct of the business and affairs of a limited liability company.[1] Owners use it to put the LLC's rules in one document. One or more persons may own and operate an LLC in New Mexico, so a single owner can use it too.[2.1] This template is for a single member.
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New Mexico defines the operating agreement in Section 53-19-2 of the N.M. Stat. Ann. It is a written agreement for running the business and affairs of an LLC, and it includes any later written changes.[2.3] The statute says it this way:
"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
In practice, a written agreement lets the owners set their own terms in one place.
If neither the articles of organization nor an operating agreement provide for allocation, profits and losses go to the members in proportion to what each member put into the company, adjusted for anything each member took out.[2.2] An operating agreement is one place where the members can set their own split.
The template is a 15-page operating agreement written for an LLC with one member. It has 31 numbered sections and three schedules, so the owner can record the company's name, office, agent, management, money and ending in one document. Here is how the sections are grouped.
Read the whole agreement before you sign it, and keep a copy with the LLC's records.
Under Section 53-19-19, an LLC must keep a current statement of the capital contributions made by each member, unless that statement is in the articles of organization or an operating agreement. Schedule C is where this template describes the Member's initial capital contribution.[1.1]
Under Section 53-19-39, an LLC dissolves on an event named in its articles of organization or operating agreement, on the written consent of members holding a majority of the voting power unless those documents provide otherwise, or on a court decree of judicial dissolution.[1.2]
The screenshots under each step show the FormsPal New Mexico LLC operating agreement template filled with sample entries in blue, so you can see where each answer goes. The names, addresses, dates and amounts are examples only.
The form on this page follows the order of the agreement itself. Download the PDF or Word file, or build it online, then complete each part below. You can fill in the PDF with our online PDF editor and sign it when every blank is done.
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Under Section 53-19-3, the LLC's name must contain the words limited liability company or limited company, or the abbreviation L.L.C., LLC, L.C. or LC.[1.3]
Under Section 53-19-5, the registered agent you name in Section 3 can be an individual New Mexico resident, including a member. It can also be a domestic corporation, LLC or partnership, or an authorized foreign one, with a place of business in New Mexico that is the same as the registered office.[1.4]
New Mexico defines an operating agreement as a written agreement providing for the conduct of the business and affairs of a limited liability company.[1] If you own an LLC alone and want its rules on paper, you can start from this template.
Yes. One or more persons may own and operate a limited liability company in New Mexico. A single-member LLC formed before July 1, 1999 is a lawful entity.[2.1]
General information, not legal or tax advice.
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Last Updated: October 2026. This guide is reviewed and updated regularly to reflect current New Mexico law. If you notice an error or outdated information, please contact us.