Docstoc Legal Agreements
This Limited Liability Company (LLC) Operating Agreement outlines the operating
procedures and policies of an LLC with multiple members. An LLC is a flexible business
entity that combines the benefits of corporations and partnerships, and the operating
agreement defines the members' rights, powers and entitlements. The agreement contains
information regarding the members' capital contributions, the registered agent, and the
LLC's purpose. This operating agreement contains many of the standard provisions
commonly included in LLC operating agreements, and it may be customized to fit the
specific needs of the members forming the LLC. This document should be used when
forming an LLC located in New Mexico with multiple members.
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OPERATING AGREEMENT
OF ________________________ [INSTRUCTION: INSERT THE NAME OF
COMPANY],
LIMITED LIABILITY COMPANY
STATE OF New Mexico
This Limited Liability Company Operating Agreement (the “Agreement”) of
_________________________________________ [Instruction: Insert the name of company]
a New Mexico limited liability company (the “Company”) is entered into as of the _____
[Month] _____ [Date], 20_____ [Year] by and between:
First Member
________________________________ [Instruction: Insert the name of member], residing at
______________________________________ [Instruction: Insert the address of member]
(the “Member”)
Second Member
________________________________ [Instruction: Insert the name of member], residing at
______________________________________ [Instruction: Insert the address of member]
(the “Member”)
Third Member
________________________________ [Instruction: Insert the name of member], residing at
______________________________________ [Instruction: Insert the address of member]
(the “Member”)
Fourth Member
________________________________ [Instruction: Insert the name of member], residing at
______________________________________ [Instruction: Insert the address of member]
(the “Member”)
[Instructions: Kindly add or delete above member sections as needed.]
In order to form a limited liability company pursuant to and in accordance with the New Mexico
Code, [STATUTE] (the “Act”), the Members hereby agrees as follows:
1. DEFINITIONS.
a. “Articles of Organization” means the document filed with the Secretary of State
required to form a limited liability company in State of New Mexico.
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b. “Fiscal Year” shall be from __________ through __________ [◊ Instruction: Insert the
start and end dates of the fiscal year, e.g., January 1 through December 31] of each
year until or unless changed by the Members.
c. “Person” whether capitalized or not, means any individual, sole proprietorship, joint
venture, partnership, corporation, company, firm, bank, association, cooperative, trust,
estate, government, governmental agency, regulatory authority, or other entity of any
nature.
2. ORGANIZATION.
a. Company Name.
The name of the limited liability company formed hereby shall be _____________________