Arizona Exhibit A to Operating Agreement - Contract Area and Parties - Form 3

State:
Multi-State
Control #:
US-OG-741
Format:
Word; 
Rich Text
Instant download

Description

This operating agreement exhibit contains contract area information, committed leasehold information, and working interest information.

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FAQ

Every corporation and limited liability company is required to appoint and maintain a Statutory Agent at all times.

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.

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.

The operating agreement should include the following: Basic information about the business, such as official name, location, statement of purpose, and registered agent. Tax treatment preference. Member information. Management structure. Operating procedures. Liability statement. Additional provisions.

In Texas, an operating agreement isn't required to form a limited liability company (LLC). However, business attorneys, accountants and advisors agree that no LLC should form without one. An LLC operating agreement is a legally binding document that defines critical aspects of the LLC.

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Arizona Exhibit A to Operating Agreement - Contract Area and Parties - Form 3