Operating Agreement For Corporation In Phoenix
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FAQ
No, Arizona doesn't require LLCs to have an operating agreement—but it's a good idea to have one. Without your own operating agreement, your business will be governed by the statutes listed in the Arizona LLC Act (ALLCA).
And while most states do not require LLCs to have a written operating agreement, having the agreement in writing can reduce uncertainties and is generally recommended.
Your operating agreement doesn't need to be complex or long, especially if you're an SMLLC. And while you don't need to file the agreement with the Secretary of State—or anywhere else, for that matter—you should keep this document with all of your other important LLC files.
Documents to be filed with Docket Control may be filed during regular hours of operation in person at the Corporation Commission Offices in Phoenix or Tucson. They may also be submitted through mail or delivery to our Phoenix office. The Commission currently allows eFiling in all dockets.
Once you (and the other LLC Members, if applicable) sign the Operating Agreement, then it becomes a legal document. Can I write my own Operating Agreement? Yes, but we recommend using an Operating Agreement template. An Operating Agreement is a legal document.
Do you file an operating agreement with the state? No, even though some states require operating agreements, you do not need to file them with the state. Instead, you simply need to maintain a copy of one in your records.
The operating agreement is a legally binding document that is filed internally and kept at the business's physical location. The operating agreement is not filed with the state. Although it is not a requirement to have in most states, it is considered good business practice to have an operating agreement for the LLC.
Once the document is signed by the members of the limited liability company, it acts as an official contract binding them to its terms.
How to create an LLC operating agreement in 9 steps Decide between a template or an attorney. Include your business information. List your LLC's members. Choose a management structure. Outline ownership transfers and dissolution. Determine tax structure. Gather LLC members to sign the agreement. Distribute copies.
