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Forming an LLC in Arizona
Forming an LLC in Arizona is not very difficult. You can do it yourself, but many business owners prefer to pay a fee and let a professional incorporation company handle the details for them. When forming an LLC in Arizona, it is usually a good idea to let an attorney check your Operating Agreement before you adopt it. Hiring an attorney is by no means required by Arizona law, but improperly constructed Operating Agreements can cause difficulties with the IRS and hiring a legal professional can therefore save you quite a lot of money in the long run.
Forming an LLC in Arizona in 5 easy steps
- Select an available name for you company. According to Arizona state law, the name must include some type of LLC identifier, e.g. Ltd Liability Co or LLC. The name cannot be the same as the name of any other LLC, and you must of course refrain from violating trademarks. Forming an LLC in Arizona means that you can not use the terms “deposit”, “bank”, “trust” or “trust company”, because those terms are restricted and require a license.
- File your Articles of Organization at the Arizona State filing office.
- Have an Organization Meeting where you adopt the LLC’s Operating Agreement.
- Apply for a Federal Employer Identification Number (FEIN) and arrange a bank account for you company.
- Apply for any necessary business licenses. Keep in mind that your LLC must be licensed in each city or county that you plan on being active in.
Important facts to take into consideration before forming an LLC in Arizona
- The minimum Arizona LLC state filing fee is no more than $50.00, but this fee is for 210 business days. Many companies choose to speed up the process by paying an additional fee.
- After forming an LLC in Arizona, you will be required to hand in annual reports. The annual report is always due on initial date filing. The report fee is $45.
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