The LLC Operating Agreement Arizona With Multiple Owners displayed on this page is a reusable legal document created by expert attorneys in compliance with national and local laws and regulations.
For over 25 years, US Legal Forms has supported individuals, companies, and legal professionals with over 85,000 authenticated, state-specific documents for various business and personal situations. It’s the fastest, easiest, and most dependable method to obtain the documents you require, as the service ensures the utmost level of data security and malware protection.
Register with US Legal Forms to have authenticated legal templates available for every circumstance life throws your way.
Although not required, it's also smart to create an operating agreement so that the rules are set for how you plan to run the LLC. As a single-member LLC this document will help if any legal situations arise.
To REMOVE a member - list the name only of the member being removed and check "Remove member." To ADD a member - list the name and address of the member being added and check "Add member." To CHANGE ADDRESS only - list the name and NEW address and check "Address change." To CHANGE NAME of existing member - list the ...
See A.R.S. §§ 29-3102 and 29- 3105 through 29-3107. An operating agreement is not required by statute. If there is not operating agreement, then the LLC statutes will govern how the LLC conducts its affairs.
LLCs in Phoenix are not required to have an operating agreement under Arizona state law. However, if your LLC does not have an operating agreement, it will be governed by the Arizona Limited Liability Company Act. The default rules may not be tailored to your needs and result in unexpected outcomes.
Without the operating agreement, your state might not acknowledge you as an LLC, which means someone could sue you without there being any shield to protect your personal assets. You've already put in the time and effort to form your LLC to get liability protection.