If you are in the process of starting a business in arizona, this guide will give you a general idea of the steps you need to take to create an LLC. This includes naming your business, identifying your members, and filing your articles of organization. You will also learn how to create an operating agreement. A good operating agreement should clearly state who owns what and when members can be removed or bought out. The Arizona Corporation Commission will issue a certificate of dissolution if the LLC fails to meet the requirements.
How To Start An LLC In Arizona
Step 1. Name Your Arizona LLC
There are many considerations to make when naming your LLC when starting an Arizona business. The ideal name will afford your company strong federal trademark protection, describe your products or services, and be easy to remember. Here's how to obtain domain names and choose a name that meets these criteria. Once you've decided on a name for your business, the next step is to get your company registered. The Arizona Corporation Commission maintains a database of business names. You can check the database to see whether the name you have selected is already in use by another state.
When you're forming an LLC, you'll need one or more members. These members can be an individual or another business entity. There is no minimum age requirement. An LLC can be a partnership, business corporation, unincorporated nonprofit association, or even a government entity. A name must include the words "limited liability company" or "limited company." Using these abbreviations helps ensure that your LLC is registered correctly.
In Arizona, you'll need a statutory agent. This agent is responsible for receiving legal documents filed against your LLC. The statutory agent must be located in Arizona and accept his or her appointment in writing. The Arizona Corporation Commission can accept an LLC's articles of organization via mail or online. Choosing a statutory agent is very important, as the statutory agent will be your point of contact with the state.
The next step in naming your LLC when starting an llc in Arizona is to choose a unique name for your business. It should not be the same as any other business in the state and must contain the words "Limited Liability Company" and "L.L.C." The name must be easily searchable for potential clients and distinguishable from other existing words. If you can't find the perfect name, you may need to look for another one.
Step 2. Assign An Arizona Registered Agent
While there is no mandatory requirement to assign a registered agent, you should consider it. The person you select should be a resident of Arizona. The registered agent receives official documents from the Arizona Secretary of State. In case the person you select is not in Arizona, you should consider finding another one. You should check the terms of service and consult an attorney before making a decision. Besides, failure to respond to correspondence can result in a default judgment and revocation of business rights.
While it might be cheaper to act as your own Statutory Agent, it has its disadvantages. You might miss out on service of process, which could result in a default judgment. Or you may even move and miss an Arizona Corporation Commission deadline. In any case, it is important to choose a reliable Statutory Agent address to avoid missed deadlines and penalties. Listed below are a few reasons why you should assign a registered agent when starting an llc in Arizona.
When starting an llc in Arizona, the state requires that the business publish an advertisement in a newspaper. This is known as a Notice of Publication. Maricopa County and Pima County do not require this. The ad must be in the county of the Known Place of Business. You need to publish the ad for three consecutive weeks. If you have more than one member, it is important to assign an agent for each member.
Once you have decided on the name of your LLC, the next step is determining who the registered agent will be. The Arizona Corporations Database allows you to check the name of an existing LLC in the state. To find out if your chosen name is already available, use an online name search site. You need a statutory agent for all Arizona businesses. If you fail to list one, the Arizona Secretary of State will charge you a fee.
Step 3. File Articles Of Organization In Arizona
If you have decided to file articles of organization to start an llc in arizona, you need to do so by filling out an arizona articles of organization form. These are two-page forms that you fill out with blank spaces. Once you have completed the articles, you can keep them in your company file. Your registered agent will then publish notice of your LLC formation. Your articles can specify a later effective date. To file your articles of organization in Arizona, visit the Arizona Corporation Commission's website.
Typically, if you are forming an LLC in Arizona for professional services, you will need to file the proper forms. The professional LLC forms will require the description of your professional services. Once these documents have been signed and submitted to the Arizona Corporations Commission, you can file your articles of organization in Arizona. You may also need to fill out a variety of other documents to complete the process. For more information, see the articles of organization for further instructions.
If you have a great business name, you may want to consider reserving the name for 120 days. However, you should keep in mind that these reservations don't last forever. Choosing a name for your LLC is very important because it will help potential clients identify your business. In Arizona, LLCs must list a statutory agent. You should have this person sign the document as a proof of ownership.
If you plan to form an LLC in Arizona, you must file the articles of organization. These are the legal documents that establish the business and company name. When you file articles of organization, you must provide a copy to the Arizona Corporation Commission for registration. These documents can be submitted online or via mail. You should keep copies of your articles of organization for future reference. This form is also referred to as the LLC certificate.
Step 4. Create Your Arizona LLC Operating Agreement
When creating an LLC in Arizona, it is important to have a written operating agreement. Unlike Articles of Organization, which must be filed with the Arizona Corporation Commission, an Operating Agreement is an internal document that describes the governing structure, operating guidelines, and responsibilities of members. Luckily, there are several free legal document templates to choose from. RocketLawyer and LawDepot both offer llc operating agreements that you can download. These sites also offer an extensive library of business forms and legal documents.
While an arizona llc agreement does not need to be filed with the Secretary of State, it is important to have one on file for future reference. It's also important to obtain a Federal Tax ID, otherwise known as an EIN. This nine-digit number is used by the IRS to identify an LLC. Make sure to include this number on all your tax forms and communications with the Arizona Department of Revenue. In addition, LLCs should have an EIN on file with the ACC and other regulatory agencies.
While an arizona llc Operating Agreement doesn't have to be official, it can protect your business if it is forced into litigation. It is a good idea to keep this document in a safe location on your business premises. It doesn't have to be filed with the Arizona Corporation Commission, but it gives your business credibility and peace of mind. While the Arizona Corporation Commission does not require an Operating Agreement, it is strongly recommended.
Despite the fact that LLCs in Arizona do not require an operating agreement, they should still be considered complex entities. An operating agreement should outline verbal agreements between members and determine the management structure of the LLC. LLCs can be either member or manager-managed. The manager can be a member but does not have to be. This will make it easier for members to communicate with one another and avoid conflict.
Step 5. File For Arizona LLC EIN
If you're starting an LLC in arizona, you must file for an Employer Identification Number, or EIN. The EIN helps identify the business with the IRS, and it is also a legal requirement to open a bank account and apply for permits. You'll need an EIN to pay taxes and handle employee payroll - even if you don't have employees. It also helps you avoid identity theft and fraud. As a result, you should file for an EIN as soon as you form an LLC in Arizona.
To get an EIN, you must file for your business at the Arizona Corporation Commission's Public Notice Database. You must also register for state taxes, employee withholding tax, unemployment tax, and the Arizona Transaction Privilege Tax License, otherwise known as sales tax. A statutory agent can help you with these forms, saving you anywhere from $30 to $300. The Arizona Corporation Commission also requires that you register for employee withholding tax and unemployment tax. You must also register for the Arizona Transaction Privilege Tax License, or sales tax, if you want to conduct business in Arizona.
Once you have obtained your EIN, you must open a business checking account. This will help protect your personal assets from business liabilities. You'll also need a business credit report, so it's a good idea to monitor it regularly. Having a good credit history will make it easier for you to qualify for loans and credit. Keeping track of your business credit report will also help you avoid fraudulent activity and identify any problems.