Add Image Fields Legal Arizona Sale of Business Forms For Free

Members of an LLC are its owners, much like shareholders of a corporation own the corporation. Managers of LLCs are like the board of directors or the officers of a corporation. If a manager is also a member, then the manager may have an ownership interest in the LLC.

Registered Limited Liability Companies (LLCs) are required to renew their registration, which is an important step in remaining compliant with applicable laws and regulations.

While you're not required to file your bylaws with the Arizona Corporation Commission, all Arizona corporations are legally required to adopt bylaws. Corporate bylaws are typically adopted by your board of directors at your corporation's initial meeting and can be amended or updated as required.

Any individual or entity can reserve a particular corporation name for 120 days by submitting an Application To Reserve Corporation Name. See A.R.S. §§ 10-402 and 10-1506 (for-profits); 10-3402 and 10-11506 (nonprofits); 10- 2215 and 10-2244 (professional).

The Basics of Maintaining Your LLC : Required filing in Arizona to keep your LLC in good standing. Articles of Organization: Updating of your LLC information in Arizona. Operating Agreement: Legal document outlining the internal rules and procedures of a Limited Liability Company.

Failure of a business to maintain a Statutory Agent will result in the business being administratively dissolved. If a Statutory Agent is an individual, that person must be 18 years of age and reside in Arizona.

Most state laws require that corporations establish company bylaws. Bylaws ensure consistent and agreed-upon voting and decision-making procedures and are particularly important should an officer or director leave the company.

An action taken by shareholders without a shareholders' meeting must be taken by all shareholders and must be evidenced by written consent of all shareholders of the corporation if any of the following applies: 1. The action involves the election of directors or the removal of one or more directors.

They contain the basic rules for the conduct of the corporation's business and affairs. The bylaws may contain any provision for managing the business and regulating the corporation's affairs that is not inconsistent with statutory law or the corporation's Articles of Incorporation.