Arizona Lands Excluded from the Operating Agreement For Pre 1989 Agreements

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US-OG-708
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Description

This is a paragraph that sets out the Agreement that will be in force should some of the lands covered in the original Agreement no longer be subject to the Agreement, due to the lands being acquired by one or more Parties.

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FAQ

§§ 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.

Name your Arizona LLC. ... Choose your statutory agent. ... Prepare and file articles of organization. ... Receive a certificate from the state. ... Create an operating agreement. ... Complete publication requirements. ... Get an Employer Identification Number.

Limited Liability Companies The minimum requirements under Arizona law for the name of a limited liability company or fictitious name of a foreign limited liability company are that it: shall contain the words "limited liability company" or "limited company" or the abbreviations "L.L.C.", "L.C.", "LLC", or "LC".

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.

Although Operating Agreements are not required for Arizona LLCs, and one can be made at any time, it's best to create one in the beginning to help guide all important business decisions, regulations, and provisions.

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Arizona Lands Excluded from the Operating Agreement For Pre 1989 Agreements