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Although fees vary by state when it comes to forming an LLC and keeping it in compliance, New Mexico is considered one of the best states to form an LLC in. This is because there is no annual fee.
All NM business entities are required to have a registered agent.
New Mexico statutes state that every corporation and LLC must maintain a registered agent, whether you formed your company in New Mexico or you're a foreign entity operating here.
As per the New Mexico LLC Act, an Operating Agreement isn't required for an LLC in New Mexico. But while it's not required in New Mexico to conduct business, we strongly recommend having an Operating Agreement for your LLC.
The key parts of a limited liability company ( LLC) operating agreement include provisions relating to ownership structure, contributions, capital accounts, how profit will be distributed, how the company will be managed and who will manage it, how the books and records will be kept, what happens if the company has to ...