The first step in filing an Arizona LLC is to choose a name for your business. Aside from the customary distinguishable name of your Arizona LLC from other businesses listed in the state, your business name should also contain certain keywords specified by state law.
Your business name should contain ‘Limited Liability Company’ or alternatively, any of these acronyms: ‘L.L.C’, ‘LLC’, ‘L.C.’ or ‘LC’.
Once a name has been selected, take the time to double check if it’s still available for use through the business name database found at the Arizona Corporation Commission.
It is mandatory when starting an LLC in Arizona to elect an Arizona Registered Agent. Doing so also ensures your compliance with state laws.
The Registered Agent for your LLC should be a resident of the state or alternatively, should be a business entity duly registered to operate within the state. As a Registered Agent is a crucial part of your business’ operations, it is imperative to elect one that you can rely on.
That said, you can hire a Registered Agent service and pay up to $160/year, or get an Alabama Registered Agent free of charge when you incorporate your LLC with IncFile.
To officially register an LLC in Arizona, you need to file the Articles of Organization to the Arizona Corporation Commission.
Once you have downloaded the Arizona Articles of Organization form, you can follow the instructions provided together with the form to ensure that you won’t encounter problems when doing your Arizona LLC filing. Details of your LLC business will be included in the form, so make sure that you have this ready as well.
Fee for filing the LLC: $50
An Arizona EIN is your LLC’s unique identifier as a legally operating business in the state. As an LLC, your EIN is your ticket to conduct operations similarly to how a social security number is used by an individual.
It is easy to obtain an EIN through online application. You need only to apply for one at the IRS website. You will immediately receive your EIN after application, free of charge.
As you start an LLC in Arizona, it is very important to keep your personal and business finances separate by opening a business bank account. This keeps your personal liability at a minimum and makes tax time much more simple.
There are many options for opening a business checking account like Chase, Bank of America, or Citibank. Be sure to do your research and decide which is right for you.
If you have followed the steps outlined above, then you are now officially an Arizona LLC. However, to become a fully operational LLC, here are a couple additional steps that you should follow.
When starting a business, you should translate your idea into a solid business plan. Needless to say, an Arizona LLC will thrive if you have a set blueprint that you can rely on.
Although learning how to write a business plan may be quite a challenge in itself, you can learn how to write one with the help of the resources below.
Two of the most important requirements to make sure that your business is legally operating and compliant with all federal and state laws are your Arizona LLC Tax and Arizona business licenses.
When incorporating an LLC in Arizona, you have to look into your Arizona LLC obligations in terms of Arizona business license and tax requirements.
Startup Savant’s Arizona business taxes guide and Arizona business licenses and regulations guide are a good starting point to have things sorted out. As well, you can go to state’s Business Tax Information section and Licensing Guide.
As an LLC, an Operating Agreement is a necessity for protecting your Limited Liability Company status. An LLC Operating Agreement provides a structure and semblance of order in your company’s internal operations.
And although it’s not state mandated to have one, you should. For a good template on an Operating Agreement, you can use this free customizable template.
In the internet age, it is important to have an online presence for your Arizona LLC. This builds credibility and allows your customers to learn more about your business – which is good!
Although building a website was extremely difficult to do in the early 2000’s, nowadays you can use a simple tool like WordPress to build a customizable website. No need to spend thousands on a custom designer and you can learn how to do it yourself through this guide.
This forming an Arizona LLC guide is only for informational purposes and is not legal advice. A legal practitioner is still the only person you need to talk to when it comes to the details of forming an LLC or starting a business in Arizona.