Forming an LLC in Arizona isn't a difficult task provided that you follow some simple rules. If you want to know How To Form An Llc In Arizona and you have no experience with LLCs, you should read "Forming a Limited Liability Company in Arizona." This guide will show you all the requirements that are needed for you to get started. Note that if you wish to save money on your registration fees, you should consider getting your paperwork done online.
In the "Detail Lessons," we discussed the basic requirements that are needed for you to file your Articles of Organization with the Arizona Corporation Commission (ACC). In this article, we'll briefly discuss the other items that you need to submit to the ACC. Specifically, we will cover the items that are required when you file a'reservation of interests' along with your Articles of Organization. If you wish to know how to form an llc in arizona and you have no experience with LLCs, we recommend that you read "Forming a Limited Liability Company in Arizona" (section entitled "FAQs: Forming an LLC").
Next, let's look at some of the documents that are required to be filed with the Arizona Corporation Commission (ACC). The most important document that you'll need when you are forming an LLC in Arizona is the Annual Report. The Annual Report will tell the entire story of your business during any one financial year. As you may know, there are two main schedules in Arizona: the transactional calendar which covers regular business operations and the inclusive calendar which incorporates a comprehensive business-wide report. If you're interested in how to form an LLC in Arizona the inclusive calendar route is recommended, as it provides more detailed information regarding your LLC.
How to Form an LLC In Arizona
After completing the Annual Report, you are then required to file a Statement of Operations. This statement consists of several pieces of information, including a current and/or completed Balance Sheet, a profit and loss statement, a statement detailing all LLC assets and liabilities, and other information appropriate to the state's requirements. Now, if you need help with how to form an LLC in Arizona the next step is going to be finding a qualified business license, commonly called a 'fictitious name license'. (On a side note, there are actually several differences between a 'fictitious name' license and a 'fictitious business license'. For a brief overview, a 'fictitious name' license is one that does not display a name or a logo of an existing company, whereas a 'fictitious business license' displays a name that actually is used by the company - but is not a company in the state.)
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Forming an Arizona Limited Liability Company is a rather simple process, as long as you have all of the necessary paperwork needed. First, you'll need to determine if you are going to run your business as a sole proprietorship or as a partnership. Each option has its own set of benefits and drawbacks, so we suggest discussing these options with a qualified business attorney before filing any documents.
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Once you know which type of entity you wish to establish, you'll need to select an appropriate venue for your official filing. One option is to use a standard online filing service, which is fairly inexpensive. However, if you have certain requirements (such as having a printed, complete document filing package from the Arizona Corporation Commission) you may need to pay a small filing fee to register and use the service.
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The next step is to select a qualified registered agent. The qualified registered agent is responsible for receiving clients, responding to requests for information and faxing or emailing any necessary documents to the state board. You will not be allowed to conduct business without first meeting the registered agent. If you cannot find someone within your area to provide this service, consider hiring an independent contractor (such as an accountant, an attorney or a printing company). Hiring a professional service can be more convenient and cost effective than filling out the forms yourself. Additionally, most professional services have templates for easy filing, so you won't have to worry about duplicating any information.
Lastly, you'll need to select the proper paperwork and documentation to file with the appropriate county and/or state agencies. Most counties in Arizona require business owners to submit a complete, completed and signed Form LLC Application, including one blank insert. A qualified Arizona business attorney should be able to help you select the correct forms and documentation to file, depending on the filing's requirements. If you're unsure of the filing requirements for your specific county, contact the county clerk's office for further instructions and assistance.
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