Arizona LLC Operating Agreement Templates

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An Arizona LLC operating agreement is a legal document that will set forth the establishment of a company, whether it’s a single-member company or a multi-member company. This document shall address all of the concerns that any member may have as they become a financial asset to the company. The document will address member and management obligations, provide a margin of company rules and regulations that must be followed by the member(s) of the company, as well, the interests and percentage of ownership shall be established.

The establishment of this document will create a separation between the personal assets of the member(s), protecting the member(s) in the event of litigation (among other aspects of protection). Arizona does not require the agreement, however, it’s highly recommended that all businesses establish the agreement, inasmuch as without it, in the event of litigation, the law shall require that the laws default to the State, leaving the company and their member(s) financially vulnerable.

Arizona Limited Liability Company Act – Title 29, Chapter 7

Operating Agreement Laws – § 29-3105

State Definition – § 29-601(14)

Table of Contents

By Type (2)


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: Adobe PDFMS Word (.docx)OpenDocument

 

 


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: Adobe PDFMS Word (.docx)OpenDocument

 

 


How to Form an LLC in Arizona (6 steps)

Before attempting to file your LLC in the State of Arizona, it is recommended that a search of their Corporation Commission be performed to check the availability of your business name. Registration documents submitted under a name that is already in use will, unfortunately, be rejected. Once you have confirmed that your name is indeed available, you may commence the registration process.

Step 1 – Statutory Agent

A Statutory Agent (a.k.a. Registered Agent) must be chosen. The Statutory Agent is an individual or corporation designated to receive important documents on behalf of the LLC. To qualify as a Statutory Agent, one of the following requirements must apply:

  • Be an individual residing in the State of Arizona
  • Be a corporation with the authority to conduct business in the State of Arizona

Step 2 – Which Type

Select the type of LLC that you would like to create:

  • Domestic – Formed within the State of Arizona
  • Foreign – Formed outside the State of Arizona

*Applicants filing via Adobe PDF must also submit the Cover Sheet, Statutory Agent Acceptance, Member or Manager Structure Attachment, and if the LLC is Foreign, a Certificate of Good Standing from the initial jurisdiction of formation.

Step 3 – Filing Fee

The filing fee must be provided upon completion of the registration documents. The fees are as follows:

  • Domestic – $50
  • Foreign – $150

Online applicants may pay their filing fee by credit card. Those applying via Adobe PDF must attach to their filings a check or money order made out to the Arizona Corporation Commission and send all articles to the address below.

Arizona Corporation Commission, Corporate Filings Section, 1300 W. Washington St., Phoenix, AZ 85007

Step 4 – Publication

After the registration documents have been accepted by the Arizona Corporation Commission, you will be required to publish a notice of the filing in a newspaper circulated within the county in which the LLC is located. The publication must take place within sixty (60) days of formation and must be published for three (3) consecutive weeks.

Step 5 – Operating Agreement

There is no State law requiring an LLC to draft an Operating Agreement, however, it is highly recommended as it is the only document that states the rules and regulations by which the LLC will operate. The Operating Agreement is not to be filed with the State but instead documented and distributed between all member(s) of the LLC.

Step 6 – Employer Identification Number (EIN)

An Employer Identification Number (EIN) should be applied for after forming your LLC. The EIN will allow your business to conduct legal, financial transactions under the company name. Without it, it will be impossible to hire employees, apply for bank accounts, or acquire credit cards. Applying for an EIN simple and the entire process can be completed Online or by mail using Form SS-4.

(Video) Arizona LLC Operating Agreements – EXPLAINED