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Arizona LLC Operating Agreements (2)

An Arizona LLC operating agreement is a legal document that establishes the rules and ownership of a company. Whether for a single or multi-member entity, an operating agreement is the only document that verifies the owners or members of the company. After signing, an original copy of the operating agreement should be kept by each member.
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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.

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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.

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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.

Sample

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