New Mexico Restated Limited Liability Company Agreement of LLC
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How to fill out Restated Limited Liability Company Agreement Of LLC?
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To make amendments to your domestic limited liability company in New Mexico, submit Form DLLC-AM, Articles of Amendment to the Articles of Organization and a duplicate copy to the New Mexico Public Regulation Commission (PRC). The form is online (see link below).
New Mexico corporations and LLCs are formed by filing the Articles of Incorporation or Articles of Organization with the NM Secretary of State. It costs $125 or more to form a New Mexico corporation or $50 for a NM LLC.
New Mexico does not require LLCs to file an annual report. New Mexico imposes a franchise tax on LLCs if they paid federal income tax. The franchise tax is filed along with the state income tax, and is due by the 15th day of the third month following the close of the tax year.
Advantages of New Mexico LLC Even better, the state does not require LLCs to file an annual report and pay yearly fees. New Mexico also has privacy policies that keep the personal information of business owners from the public through anonymous LLCs.
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.
In New Mexico, there is no annual fee. Another cost that goes along with the formation of an LLC is the registered agent. You can choose a member of the LLC or a manager as the registered agent, but you can also choose to hire a third party.
Dissolving an LLC in New Mexico requires following the steps listed below: Review Your LLC's Operating Agreement. ... Vote to Dissolve an LLC. ... File Articles of Dissolution. ... Notify Tax Agencies and Pay Remaining Taxes. ... Inform Creditors and Settle Existing Debt. ... Wind Up Other Business Affairs. ... Distribute Remaining Assets.
The annual fee for New Mexico limited liability companies (LLCs) is $0. In addition to no annual fee, your New Mexico LLC also does not have to file an annual report. These are just a few of the reasons why New Mexico has become a desirable location to form an LLC.