Llc Operating Agreement Arizona Format
Description
How to fill out Arizona Limited Liability Company LLC Operating Agreement?
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FAQ
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.
Start an LLC in Arizona Step 1: Choose and Register an LLC Name for Your Arizona Business. ... Step 2: Designate an Agent for Service of Legal Documents. ... Step 3: File Articles of Organization and Publish. ... Step 4: Create an Operating Agreement. ... Step 5: Obtain an Employer Identification Number (EIN)
What Should be Included in an Operating Agreement? Names, addresses, and titles of each member. Ownership percentages. Member rights and responsibilities. Responsibility, liability, and powers of members and/or managers. Profit and loss distribution. Buying and selling rules. Dissolution instructions. Meeting guidelines.
File Your Arizona LLC Articles of Organization Submit Your LLC's Official Name. Add A Copy of the Name Reservation Certificate. Provide the name and address of your statutory agent. Certify your LLC has at least one member. Select the type of LLC you're forming. Choose a filing date. Attach any needed statements.