Llc Operating Agreement Arizona With Multiple Members
Description
How to fill out Arizona Limited Liability Company LLC Operating Agreement?
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FAQ
Starting an LLC in Arizona will include the following steps: #1: Choose and Register an LLC Name for Your Arizona Business. #2: Designate an Agent for Service of Legal Documents. #3: File Articles of Organization and Publish. #4: Create an Operating Agreement. #5: Obtain an Employer Identification Number (EIN)
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.
One or more persons can form an Arizona LLC by signing and filing Articles of Organization with the Arizona Corporation Commission. A.R.S. § 29- 3201. These persons are called ?organizers.? ?Person? includes individuals and entities.
Whether your LLC is run by its members or by managers, you'll have to include member information in your articles. When this information changes?as it does when adding new members?you must submit Arizona Articles of Amendment to the Arizona Corporations Commission (ACC), and pay the associated $25 filing fee.
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.