Required in Arizona?
No, an operating agreement is not required in Arizona. It is recommended that one is created as it holds the ownership of the entity.
By Type (2)
Single-Member LLC Operating Agreement – This document is designed specifically for a single-member company. The document will establish the company in the same capacity as any other larger company with regard to operations and protections for the member and the business.
Download: PDF, MS Word (.docx), OpenDocument
Multi-Member LLC Operating Agreement – To be used by a company that has more than one member. This document is specifically designed to organize multiple-member companies, listing all members as well as their contributions and interests.
Download: PDF, MS Word (.docx), OpenDocument
State Definition
“Operating agreement” means the agreement, whether or not referred to as an operating agreement and whether oral, implied, in a record or in any combination thereof, of all the members of a limited liability company, including a sole member, concerning the matters described in section 29-3105, subsection A. Operating agreement includes the agreement as amended or restated.