The partners are engaged in a particular business and the purpose of this agreement is to provide for the sale by a partner during a partner's lifetime, or by a deceased partner's estate, of his interest in the partnership, and for the purchase of such interest by the partnership at a price fairly established; and to provide all or a substantial part of the funds for the purchase.
Agreement Between Partnership With Llc In Pima
Category:
State:
Multi-State
County:
Pima
Control #:
US-00443
Format:
Word;
Rich Text
Instant download
Description
Free preview
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FAQ
The law in Arizona for LLCs is different than for corporations: An Arizona LLC MUST have a Business Address, but it may be: A physical street address in Arizona OR not in Arizona. A post-office box in Arizona OR not in Arizona.
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.
Arizona LLC Processing Times Normal LLC processing time:Expedited LLC: Arizona LLC by mail: 14-16 business days (plus mail time) 3-5 business days ($35 extra) Arizona LLC online: 14-16 business days 1 business day ($35 extra)
Fill out List the exact name of the LLC as shown in the AZ records. Check the box for MEMBER CHANGE (item 3) You may remove, add, change the member's address or name. Go to page 3 and check the "I ACCEPT" box. Print the name of the individual next to the signature and fill in the date.
Is using a virtual address legal for corporations, LLCs, or LPs in Arizona? Yes, if you own an Arizona-based corporation, LLC, or LP, you can use a virtual address as your business address in compliance with Arizona law.
The state of Arizona does not require limited liability companies to have LLC operating agreements. However, the Arizona Limited Liability Company Act does encourage the creation of one. As most LLCs are owned and operated by two or more people, an LLC operating agreement is a good idea.
Members of an LLC are its owners, much like shareholders of a corporation own the corporation. Managers of LLCs are like the board of directors or the officers of a corporation. If a manager is also a member, then the manager may have an ownership interest in the LLC.
A limited liability company that makes a valid federal election to be taxed as a corporation must file an Arizona corporate income tax return. A single member limited liability company that is disregarded as an entity is treated as a branch or division of the owner, and is included in the tax return of its owner.
Full Transfer: Selling an Arizona LLC Consult your OA first. It should have detailed information about how to handle full transfers and sales to outside entities. Get member approval. Determine the buyer's interest. Draft and execute a buy-sell agreement with the buyer.
Fill out List the exact name of the LLC as shown in the AZ records. Check the box for MEMBER CHANGE (item 3) You may remove, add, change the member's address or name. Go to page 3 and check the "I ACCEPT" box. Print the name of the individual next to the signature and fill in the date.