The Large Millimeter Telescope (LMT) Alfonso Serrano is a bi-national (Mexico and USA) telescope facility operated by the Instituto Nacional de Astrofisica, Optica y Electronica (INAOE) and the University of Massachusetts. The LMT is designed as a 50-m diameter single-dish millimeter-wavelength telescope that is optimized to conduct scientific observations at frequencies between ~70 and 350 GHz. The LMT is constructed on the summit of Sierra Negra at an altitude of 4600m in the Mexican state of Puebla. The site offers excellent mm-wavelength atmospheric transparency all-year round, and the opportunity to conduct submillimeter wavelength observations during the winter months. Following first-light observations in mid-2011, the LMT began regular scientific operations in 2014 with a shared-risk Early Science observing program using the inner 32-m diameter of the primary reflector with an active surface control system. The LMT has already performed successful VLBI observations at 3mm with the High Sensitivity Array and also at 1.3mm as part of the Event Horizon Telescope. Since early 2018 the LMT has begun full scientific operations as a 50-m diameter telescope, making the LMT 50-m the world´s largest single-dish telescope operating at 1.1mm. I will describe the current status of the telescope project, including the early scientific results from the LMT 50-m, as well the instrumentation development program, the plan to improve the overall performance of the telescope, and the on-going transition towards the formation of the LMT Observatory to support the scientific community in their use of the LMT to study the formation and evolution of structure at all cosmic epochs.