A limited liability corporation (LLC) business structure is commonly used for many types of Arizona businesses. An Arizona LLC is an effective and useful corporate structure that can protect business owners from various forms of personal liability. Forming an Arizona LLC has a number of unique steps, and an Arizona LLC business formation expert can be hired by business owners who are not familiar with these steps.
Check for the availability of the Arizona LLC business name
Before an Arizona LLC can be formed, the name for the business must be available. The availability for the name can be checked through the Arizona Corporation Commission’s database online. Be sure that the business name complies with Arizona law, which requires it to have “limited company” or “limited liability company” or one of the abbreviations of these phrases.
File the articles of organization
The articles of organization for the Arizona LLC must be filed with the Arizona Corporations Commission. Business owners who are not familiar with writing and filing articles of organization may need the assistance of a filing expert. There is a filing fee of $50, and information on the managers of the company as well as many other details must be included in the articles of organization.
Consider creating an operating agreement
Although the state does not require it, creating an operating agreement is a recommendation for an Arizona LLC, depending on the complexity and organization requirements for the LLC. More complicated businesses are more likely to require an operating agreement, but simpler businesses may be able to get by without one. Business owners can always speak with an attorney or a business formation expert to determine whether or not they can benefit from creating an operating agreement.
Consider tax implications, trademarks, and other LLC issues
There are a wide range of issues to be considered when filing an Arizona LLC including trademark filings, tax implications and more. An EIN (Employer Identification Number) will need to be requested from the IRS, and businesses with employees have other complicated tax considerations to take into account. Trademarks for the business name may also be filed on the state or federal level, but this is not a requirement.
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