Single Member Limited Liability Company LLC Operating Agreement - Arizona 2025

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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by entering the name of your LLC in the designated field. This is crucial as it identifies your business entity.
  3. Fill in the date of establishment and your name as the Initial Member. This section formalizes your role within the LLC.
  4. Complete Article I by detailing the business purpose of your LLC. Clearly outline what services or products you intend to offer.
  5. In Article II, specify your initial contribution amount, which represents your ownership interest in the LLC.
  6. Review Articles III through IX carefully, ensuring that management structure, voting rights, and dissolution procedures align with your intentions for the LLC.
  7. Finally, sign and date the document at the end to validate it. Ensure all fields are completed before saving or sharing.

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Yes. Even a single-member LLC needs an operating agreement.
No, Arizona doesnt require LLCs to have an operating agreementbut its a good idea to have one. Without your own operating agreement, your business will be governed by the statutes listed in the Arizona LLC Act (ALLCA).
What To Include in a Single-Member LLC Operating Agreement Name of LLC. Principal Place of Business. State of Organization/Formation. Registered Office and Registered Agent. Operating the LLC in Another State (Foreign LLC) Duration of LLC. Purpose of LLC. Powers of LLC.
Single Member LLC Post Formation in Arizona Step 1: Draft and Sign an LLC Operating Agreement. Step 2: Get a Federal Tax ID (EIN) Step 3: Get a Business License. Step 4: Publish Notice of LLC Formation. Step 5: Open a Business Bank Account. Step 6 (Optional): File a Trade Name Registration. Step 7: Get a Sales Tax License.
Even though a single-member LLC might seem straightforward, the benefits of having an operating agreement cannot be overstated. This essential document provides legal protection, helps maintain limited liability, and ensures that your business is operated ing to your preferences rather than default state rules.

People also ask

The 5 states requiring an operating agreement are California, Delaware, Maine, Missouri, and New York. But while you must have an LLC operating agreement, you dont have to file it.
The largest drawback of operating a single-member LLC in California is the hefty $800 franchise tax, and additional LLC fees on high income brackets. ing to Business Initiative, 10.34% of businesses in the United States are sole proprietorships.
A limited liability company is a type of business entity in Arizona. An LLC can have multiple owners, called members. An LLC can also have a single member. An experienced Arizona business law attorney can assist with the formation of a single- member LLC.

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