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Sample Operating Agreement for Professional Limited Liability Company PLLC - Arizona 2026

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The document is a sample operating agreement for a Professional Limited Liability Company (PLLC) in Arizona. It outlines the formation, management, and operational guidelines of the PLLC, including member contributions, profit distribution, voting rights, and procedures for admitting new members or transferring interests. The agreement emphasizes compliance with Arizona laws and provides provisions for indemnification and liability limitations for members and officers. It also details the process for dissolution of the PLLC and tax matters.

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How to use or fill out Sample Operating Agreement for Professional Limited Liability Company PLLC - Arizona

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Click ‘Get Form’ to open the Sample Operating Agreement in our editor.
Begin by filling in the name of your PLLC at the top of the document. Ensure it complies with Arizona naming requirements.
In Article I, specify the formation date and details about your business activities. Clearly outline your registered office and agent information.
Proceed to Article II to list all initial members along with their capital contributions and percentage interests in the PLLC.
In Article III, choose how you want your PLLC managed—either by members or appointed managers—and fill in relevant details accordingly.
Continue through Articles IV to X, ensuring you accurately record contributions, profit-sharing, voting rights, and any other necessary provisions tailored to your needs.
Finally, review all sections for accuracy before saving or exporting your completed agreement for signatures.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Does an Arizona LLC need an operating agreement?

The state of Arizona does not require limited liability companies to have LLC operating agreements. However, the Arizona Limited Liability Company Act does encourage the creation of one. As most LLCs are owned and operated by two or more people, an LLC operating agreement is a good idea.

Does a professional association have an operating agreement?

Laws governing PAs are typically established by state statutes and are often tied to state licensing boards. Some jurisdictions require that PAs mirror the structure of a corporation, including appointing a board of directors and filing an operating agreement form and articles of incorporation.

Is an operating agreement mandatory?

Every LLC that is registered in the states of California, Delaware, Maine, Missouri, and New York is legally required to have an operating agreement.

Does a PLLC need an operating agreement?

Although an operating agreement is not required for a PLLC in most states, it is still highly recommended that your PLLC have one. A PLLC operating agreement will detail the internal structure of your business and how it will be run by the members or managers.

Does a PLLC have an operating agreement?

The PLLC is not a corporation or a sole proprietorship, but a form of the two together. It has an operating agreement that controls how the company is managed, its overall purpose, how members can join or withdraw, and what happens should the company dissolve.

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Can an LLC operate without an operating agreement?

And while most states do not require LLCs to have a written operating agreement, having the agreement in writing can reduce uncertainties and is generally recommended.