Why it is important to fund the New Mexico LLCThere's a thing in the law called "Fraudulent transfers or fraudulent conveyance of assets". What this means is if you were about to declare personal bankruptcy and took a credit card out with a $10,000 balance, you can't go and do a cash advance on that 10K and give it to your children, or set up a company and put that 10K in the company. You would obviously be doing that to avoid the creditors. What establishes transactions as legitimate transfers of assets is time, a purpose, and knowledge. That's basically it. The point of funding your LLC is getting a timed date on when something was done. Let's say you put $100,000 in your company today, but 4 years from now something bad happens. You obviously were not trying to avoid something that you didn't know would happen in 4 years. It will be a lot harder for an opposing lawyer to prove a fraudulent transfer of assets the further back in time the transfer happened. Our New Mexico LLC operating agreement establishes how much you put fund the company with and the date you did so. Here's the NM Code regarding contributions to capital:  We also provide free LLC membership certificates here: LLC membership certificate Here's the exact PDF: LLC membership certificate |
Northwest Registered Agent, Inc.
Agent# 4054359 Santa Fe, NM 87505 Santa Fe County
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New Mexico LLC funded with Capital Contributions
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