How do I set up a new State of New Mexico limited liability company?

[Herb Hoffman CPA]

I have a new client, a limited liability company located in the State of New Mexico.  How do I set it up in the partnership section of Lacerte?

[BobKamman]

Have they already decided to be taxed as a partnership and not as a sole proprietor or corporation?  

[John_0]

The LLC has to register similar to corporation through the NM state secretary.  Single member LLC will not have anymore filing requirements.  Others will follow the PTE or CIT depending of their Federal Status