When you are starting a business, you should first decide on your operating structure. There are two basic types of LLCs: member-managed and manager-managed. In member-managed companies, the LLC owners or managers manage the company, which requires the filing of articles of organization and operating agreement. In manager-managed companies, however, the owners hire the manager to run the company. The only requirement for setting up a member-managed LLC is to file the articles of organization. Whenever you want to change the structure or composition of your LLC, you must file Articles of Amendment.
How To Start An LLC In Arizona
Step 1. Name Your Arizona LLC
When naming an arizona LLC, it’s essential to follow specific naming rules. The arizona Corporation Commission and State Legislature have specific rules about what can and cannot be called an LLC. For instance, a name cannot contain the words “association,” “corporation,” or any abbreviation of these words. Therefore, you should choose a name that’s unique and distinguishable from other Arizona entities.
Before deciding on the name of your LLC, be sure to check out the Arizona Secretary of State’s database of business names and domain names. The records will tell you if anyone has registered a similar name. Make sure to check whether your proposed trade name is available as a trademark or service mark in the state. Similarly, you should check for social media pages if there’s an identical name to your business.
You should also know that filing an LLC application with the Arizona Corporation Commission will cost you a fee of about $50. However, if you’re forming an LLC by yourself, you can opt to do it yourself at no cost. However, if you have more than one owner, you might want to consider an operating agreement. A good operating agreement can help prevent disagreements over company policies and maintain your limited liability status. The Arizona Corporations Commission also recommends that you open a separate bank account for your business.
Once you’ve selected a name for your LLC, the next step is to decide on a proper business category. In Arizona, LLCs can be registered under a number of professions. You can choose from an array of professional titles if you’re forming an LLC to provide a licensed service. Licensed professionals include veterinarians, lawyers, and architects. In addition to the standard business categories, the arizona llc Act also allows “Professional” LLCs.
Step 2. Assign An Arizona Registered Agent
Assigning a registered agent when starting an llc in the state of Arizona is essential for your business’s legal protection. registered agents receive and relay legal documents on behalf of your business, including annual report filings. They also serve an important role in the court system. Here are some of the reasons why you should assign a registered agent. Let’s explore each of these in detail. We will also discuss some practical considerations for your new business.
It is important to note that Arizona requires new businesses to publish a public notice of filing articles of organization. This notice must be published at least three times in an approved newspaper. This publication must occur within 60 days of receiving a Notice of Publication. You should keep a copy of the newspaper’s Affidavit of Publication for your records. You can also use a business-oriented app, such as ZenBusiness money App, to track payments and manage clients.
If you decide to hire a professional to act as your registered agent, remember to follow the A.C.C. instructions and file the appropriate forms. There are also additional fees that may apply, including filing annual reports. In general, an arizona llc must retain a registered agent. The cost of the service will vary between $50 and $250 per year. There are also some companies that offer additional services, including general LLC formation. Just be sure to check with the Arizona Corporation Commission for any additional fees before signing up.
Assigning a Registered Agent when starting an llc in the state of Arizona is important for your business’s protection. Not only will it ensure that your business remains in good standing with the state, but it will also ensure that you receive important legal notices. Whether you’re looking to form an LLC or operate an online business, a registered agent is essential for your company’s protection.
Step 3. File Articles Of Organization In Arizona
When you are ready to file articles of organization to start an llc in arizona, there are several things you need to do first. You need to choose a legal name for your LLC, which does not conflict with the name of another company. Your name must include the words “limited liability company” or “limited company” and not abbreviations of these words. Additionally, you must choose a registered agent to represent your business in the state of Arizona. This person will receive notices and other legal documents from the state.
In order to file articles of organization in Arizona, you must create an account with the Arizona Corporation Commission and pay the required fee. You will need to file your articles of organization through mail or online. To file online, you must first create an account on eCorp, a free service provided by the AZCC. Once you login, navigate to the “Document History” section and click on the “Articles of Organization” link.
When filing articles of organization in Arizona, you should follow state naming requirements. This is important for several reasons. Firstly, the name of your LLC needs to comply with the rules and regulations set out by the state. Arizona requires that LLCs include certain words and abbreviations, which help people identify your business type. Then, you need to make sure your LLC meets the requirements for publication. If your LLC has more than one member, you should obtain an EIN, which is a mandatory requirement for any entity that wishes to be taxed as a corporation.
After you’ve completed the Articles of Organization, you must select a statutory agent. You will need to provide them with a letter in which they accept the role. You can also file the Articles of Organization, which will set the basis for your LLC’s operations. In Arizona, you need to submit these documents by mail or online. To file the Articles of Organization, you must submit it to the Arizona Corporations Commission.
Step 4. Create Your Arizona LLC Operating Agreement
In Arizona, LLCs must be managed by real people, not by companies. However, in some states, it is still necessary to create an operating agreement. An operating agreement is the foundation of an LLC and serves as the proof of who owns the company. The name of each member or manager should appear on the Articles of Organization, unless the member has less than 20% ownership. The operating agreement lists the names of all members and outlines their responsibilities.
While Articles of Organization are filed with the Arizona Corporation Commission, the Operating Agreement is a document that the LLC must create. It outlines the governing structure, operating guidelines, and responsibilities of members. Free llc operating agreements can be found online, including on RocketLawyer and LawDepot. These companies also offer access to their library of custom legal documents and business forms. The operating agreement should be a comprehensive document that outlines the company’s responsibilities and policies.
When creating an LLC, it is important to remember that you do not have to hire an attorney, but you can hire a lawyer to help you create an LLC. Remember that an LLC does not provide liability protection because a partner can be held liable for the debt of the business. This means that if the partner fails to pay a bill, the owners may have to personally address it. As an LLC, the operating agreement is legally binding and needs to be notarized.
Once the operating agreement is approved, the Articles of Organization must be filed with the Arizona Corporation Commission. The organization organizer must sign the Articles of Organization. Then, the LLC organizer can file it online or mail it to the Arizona Corporation Commission. The LLC organizer must also submit a Statutory Agent Acceptance Form. In addition to filing the Articles of Organization, the LLC organizer must file an Arizona Statutory Agent Acceptance Form.
Step 5. File For Arizona LLC EIN
If you haven’t already, you must file for an EIN when starting an llc in Arizona. If you do not have a social security number or ITIN, you can still apply for an EIN online. However, you will need to fill out Form SS-4 the right way. Once you have your EIN, you can use it to open a separate business bank account and begin conducting business.
To register your business, you must have one or more members. Typically, you’ll need at least one member to incorporate, although there is no minimum age requirement. Other members of your LLC can include an individual, a business corporation, an unincorporated nonprofit association, an estate, a public corporation, and government entities. The EIN will help you avoid double-taxation. After you’ve obtained your EIN, you’ll need to pay the state’s filing fee.
You’ll also need to file Articles of Organization with the Arizona Corporation Commission. You can file these online or by mail. Depending on your needs, you can pay for expedited filing for a fee of between $50 and $130. Generally, LLCs are approved within three weeks, but you can choose to expedite the process if you want a faster turnaround. You’ll pay a filing fee and will have a certificate of existence in your business’s state.
Another option to register an LLC is to apply for a trademark. This type of trademark registration protects your trade name or service mark against other businesses. Arizona trademark law requires that you file your trademarks with the federal Trademark Section. An LLC must have a registered agent or a statutory agent to receive government correspondence and compliance related documents. In Arizona, you can register a trademark in your business name, as long as you are a resident of Arizona.