NEW MEXICO LEGAL INFORMATION

• New Mexico Public Regulation Commission, home page for business formation
• New Mexico Articles of Organization for an LLC
• Filing Fee: $50.
• New Mexico Statutes relative to Limited Liability Companies (see Chapter 53, Article 19).

LLC Operating Agreement Form Price: $16.99 (free trial) PLLC Operating Agreement Form Price: $20.99 (free trial) Note: for Professional Services LLC called "PLLC".

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Selected New Mexico Statutes

• 53-19-3. Name.
  1. The name of a limited liability company shall be stated in its articles of organization and shall contain the words "limited liability company" or "limited company" or the abbreviation "L.L.C.", "LLC", "L.C." or "LC". The word "limited" may be abbreviated as "ltd." and the word "company" may be abbreviated as "co.".
  2. A limited liability company name shall be distinguishable from the name of any:
     (1) limited liability company, limited partnership or corporation existing under the laws of this state;
     (2) foreign limited liability company or corporation authorized to transact business in this state; and
     (3) name reserved under Section 53-19-4 NMSA 1978.
  3. The provisions of Subsection B of this section do not apply if the applicant files with the commission a certified copy of a final decree of a court establishing the prior right of the limited liability company to use such name in this state.
• 53-19-37. Voluntary withdrawal of members.
  A. Unless the articles of organization or an operating agreement provide otherwise, a member of a limited liability company with perpetual existence has the right to voluntarily withdraw from such limited liability company at any time by giving thirty days prior written notice to the other members, or such other notice as a provision in the articles of organization or an operating agreement requires.
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  C. Unless the articles of organization or an operating agreement provide otherwise, a member who elects voluntarily to withdraw pursuant to a right to do so shall be entitled to receive, within a reasonable time following the effective date of such withdrawal, the fair market value of his limited liability company interest. From and after the effective date of such withdrawal he shall cease to be a member and shall be deemed to have relinquished all right and power to vote or to otherwise participate in any way in the management or control of the limited liability company or to participate in distributions or otherwise to receive a return of capital from the limited liability company.

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Library of Informational Legal Articles

• How to write a Last Will
• How to write a Durable Power of Attorney
• Power of Attorney Execution and Contractual Capacity
• How to write a Living Will
• Step-by-step instructions for LLC Formation in all states
• Step-by-step instructions for Corporate Formation in all states
• How to Choose a Business Entity
• How to write Confidentiality and Non-compete agreements
• The HIPAA Privacy Rule: Contracts for "Business Associates" of "Covered Entites"
• Divorce Laws of US States
• Shopping for a personal injury lawyer

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