Get AZ IRA Limited Liability Company Formation Agreement

One or more persons may act as organizers to form a limited liability company by delivering to the commission for filing the articles of organization.

For many new entrepreneurs and small business owners, though, having one or more partners in their Arizona LLC is either impossible or would cause more headaches than it would solve. For those of you in that situation, don't fret; the Arizona legislature says it's OK to be a single member.

You must comply with the Arizona publication requirement. If you do not, your LLC will be terminated. Once the first 60 days you had to comply are up, you will receive a letter from the Arizona Corporations Commission.

Do LLCs have to file annual reports? No, LLCs are not required to file annual reports. Pursuant to Arizona law, only Corporations are required to file annual reports, on or before their prescribed due date.

§§ 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. Your needs may not be addressed by those statutory provisions, and, therefore, you might want an operating agreement.

Arizona limited liability company law requires that the names and addresses of all of the members of the LLC must be disclosed in the Articles of Organization filed with the Arizona Corporation Commission. This information is published on the ACC's website and is public information.

Publication requirement. Arizona requires LLCs to publish notice of the incorporation within 60 days of incorporation in a publication (i.e. newspaper) in the known place of business for three consecutive publications.

Yes. See A.R.S. § 29-3201. A notice of the filing of the Articles of Organization is required to be published.