Which state law governs regarding foreign LLCs?
Generally, the laws of the state of formation govern. New Mexico law is typical. “Subject to the constitution of New Mexico, the laws of the state or other jurisdiction under which a foreign limited liability company is organized shall govern its organization and internal affairs and the liability of its managers and members. A foreign limited company may not be denied registration by reason of any difference between the laws of the state and other jurisdictions under which it was organized and the laws of New Mexico.” However, these laws may vary from state to state. Check local state law.
