Download Arizona LLC Operating Agreement Form - PDF Template ... 2025

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This document is an Operating Agreement for a Limited Liability Company (LLC) formed under the Arizona Limited Liability Company Act. It outlines the formation, management, and operational procedures of the LLC, including details on member contributions, voting rights, profit distribution, and the roles of officers and managers. The agreement also addresses member rights, duties, indemnification provisions, and conditions for membership termination. Overall, it serves as a foundational legal document governing the internal affairs of the LLC.

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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.

Is an operating agreement the same as an LLC agreement?

Operating agreements reinforce the limited liability protection of an LLC. Because they delineate the LLC as a separate legal entity and define its adherence to corporate formalities, they can protect members from personal liability for the LLCs legal obligations and debts.

How do I know if I have an operating agreement for my LLC?

The operating agreement is a legally binding document that is filed internally and kept at the businesss physical location. The operating agreement is not filed with the state. Although it is not a requirement to have in most states, it is considered good business practice to have an operating agreement for the LLC.

Does an Arizona LLC need an operating agreement?

The LLC operating agreement, also known as an LLC agreement, establishes the rules and structure for the LLC and can help address any issues that arise during business operations. For multi-member LLCs, this document controls the relationship among the members (owners).

Can I create my own operating agreement for my LLC?

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.

How do I get my LLC operating agreement?

How to create an LLC operating agreement in 9 steps Decide between a template or an attorney. Include your business information. List your LLCs members. Choose a management structure. Outline ownership transfers and dissolution. Determine tax structure. Gather LLC members to sign the agreement. Distribute copies.

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Is an LLC agreement the same as an LLC operating agreement?

What Are Bylaws For LLC? For our company, the bylaws provide a framework of how the company is to be run. They include information regarding management, day-to-day operations, and financial aspects. LLC Operating agreements are legal contracts that define the business procedures of your LLC [1].

Can I write my own operating agreement for my LLC?

Can I write my own Operating Agreement? Yes, but we recommend using an Operating Agreement template. An Operating Agreement is a legal document. You dont have to hire an attorney to write one, though.