1. Articles Of Organization For Llc Sample
2. Arizona Llc Articles Of Organization Examples Free
3. Arizona Llc Articles Of Organization Examples 2016

Updated for 2016: The purchased version of this form is guaranteed compliant with Arizona Revised Statutes § 29-632, which sets forth the requirements for a correct articles of organization filing within the state of Arizona. It also comes complete with instructions and filing information. Answer: Arizona Revised Statutes Section 29-633 requires that a member of a member managed Arizona LLC must prepare Articles of Amendment to the Articles of Organization and file it with the Arizona Corporation Commission if a member named in the Articles of Organization on file with the ACC ceases to be a member or if the Articles of Organization does not name a person or entity who is a member. The same is true of of a manager managed Arizona LLC if.

The limited liability company, or LLC, is a hybrid business entity that combines features of corporations and partnerships. To differentiate the LLC from these other entities, many states refer to the founding document of a limited liability company as articles of organization, since, technically, the business is not incorporated. Some states have different names for the document. For example, Texas refers to it as a certificate of formation. In general, the information that must be provided is consistent. It's important, however, to review the requirements of your state.

Name

The first article of an LLC's articles of organization provide the name of the company. Usually the words 'Limited Liability Company,' or the abbreviation 'LLC,' must appear in the legal name of the entity. The words 'Limited' and 'Company' can generally be shortened to 'Ltd.' and 'Co.,' respectively. A search of the state's names database should be conducted prior to drafting the articles of organization, since a name that's too similar to one already in use can delay the creation of the company.

Registered Agent and Address

Articles Of Organization For Llc Sample

Each state has its own requirements for a registered agent and physical address. Delaware, for example, does not require a physical address inside the state. Most do, however, and stipulate that the address cannot merely be a mailbox or phone answering service. The registered agent is the person or entity authorized to receive lawsuits or other legal documents on behalf of the business. This can usually be either an individual or a business, but a business cannot typically act as its own registered agent.

Arizona Llc Articles Of Organization Examples Free

Members, Managers and Shares

The owners of an LLC are called members. The names and addresses of the members generally must be provided in the articles of organization, but some states allow just one to be named initially. A manager is a person who acts in an executive capacity for the business, and who might not be a member. Some LLCs are member-managed and therefore do not have separate managers. For each member named, her ownership interest in the company should be given as a percentage.

Arizona Llc Articles Of Organization Examples 2016

Purpose and Duration

Some, but not all, states require an LLC's articles of organization include a statement of the business' purpose and/or its duration. A company can be designated as having a perpetual duration, or some specific date or amount of time can be provided for its automatic termination. For purpose, it's usually permissible to simply declare any lawful business purpose. However, a state might require more specificity to qualify for a welfare or public purpose tax exemption.