Free Arizona LLC Operating Agreement Templates

An Arizona LLC Operating Agreement is a legal agreement which serves to document important information about a business which includes:

• All of the owners of the LLC;
• A detailed description concerning how the company will be managed;
• A detailed list of the standard operational procedures that occur within a certain business;
• A clear explanation of the people involved in the business along with their roles and specific responsibilities. This also concerns the owners of the company.

In addition to this, the agreement will ensure that business owners and their personal assets are protected. In the event of bankruptcy, only the assets that concern the business can be confiscated – all personal assets will remain untouched.

If a company has several owners, after signing the agreement all of these individuals should get a copy to keep for themselves. If it so happens that some changes need to be included in the agreement, a new agreement will need to be drafted and all points should be agreed upon by all members. This agreement should be confirmed in a legal sense and it ought to be signed by all members.

In Arizona, there is no legal requirement to have an operating agreement signed in order to function as a business. In spite of this, we would still highly suggest that you download an Arizona LLC Operating Agreement template, particularly if you have several owners within a company.

Arizona LLC Operating Agreement Template Types

• An Arizona Single-Member LLC Operating Agreement Template should clearly lay out all information concerning the business structure and the daily operations that occur within the business for companies with only one owner. All policies and regulations must also be included in this agreement;
• An Arizona Multi-Member LLC Operating Agreement Template in its nature is similar to the one described above. It has the exact same purpose and it contains the same information. However, this agreement is suited towards LLC’s with more than one member.

How to Form an LLC in Arizona?

If you want to form an LLC in Arizona you can be assured that the process is simple providing that you know which steps to follow. In order to do this correctly and save yourself some time, follow our step-by-step guide which is outlined below:

• Start by ensuring that the name of your company has not already been registered in the state. If it is found that a business with the same name already exists, your application will not be successful;
• You must then designate an agent that will need to accept any corresponding documents. This individual must be a resident of Arizona and will need the appropriate rights to do this;
• Decide which type of company you want to open – either domestic or foreign. This will depend on whether or not the company was formed in the state or not;
• You must then need to pay the appropriate fees for filing the documents. For a domestic company, the fee will total $50 whereas if you are opening a foreign company the fee will total $150;
• You can submit and pay online which is much quicker and easier. Alternatively, you can apply via post by downloading a paper copy of the form. However, keep in mind that if you choose the latter option you will also be required to send additional forms and documents;
• Publish the opening of your company in a local newspaper and this needs to be done within sixty days of opening your company. You must publish this for three straight weeks;
• If you have opted to create the Operating Agreement, this is when you should seek to create and sign one;
• After your company is formed you should create an EIN in order to carry out and monitor all financial and legal transactions on behalf of the company.

Haven't found the template you're looking for? Take a look at the related forms below:

• LLC Forms;
• Partnership Forms;
• Corporation Forms.