How to Form a Limited Liability Company in Arizona
- Name Your Arizona Limited Liability Company.
- Select Your Statutory Agent.
- Prepare and File Articles of Organization.
- Receive a Certificate of Formation from the State of Arizona.
- Make a copy of the Operating Agreement.
- Requirements for Publication are met in full.
- Obtain a Federal Employer Identification Number (EIN)
- In order to establish a limited liability company in Arizona, you must file a document known as the Articles of Organization with the Arizona Corporation Commission (AZCC).
- You have the option of paying the usual filing fee ($50) or the accelerated filing charge ($85).
- The mode of filing (online vs.
- by mail) and the amount of money you spend ($50 vs.
- $85) determine how long it takes to incorporate an Arizona limited liability company.
How much does it cost to make an LLC in Arizona?
How much does it cost to set up a limited liability company in Arizona? The Articles of Organization must be filed with the Arizona Corporations Commission, which costs a $50 filing fee. It costs an extra $35 to get your application processed more quickly.
How long does it take to form an LLC in Arizona?
In Arizona, the paperwork for a limited liability company is typically authorized in three weeks. It is also possible to have your application processed more quickly for an extra charge, which reduces the filing period to 7 – 10 working days.
Do LLCs pay taxes in Arizona?
As long as your LLC remains in its default status with the IRS, Arizona does not levy a state-level income tax on your LLC’s earnings. As a result, the earnings from your LLC will pass through to the owners (Members), and you will be responsible for paying state income taxes on your own personal income.
How much is a EIN number in Arizona?
The application for an EIN for your LLC is completely free ($0). It is entirely free to obtain an EIN for your Arizona limited liability company. When you apply for an EIN, there are no fees or charges assessed by the IRS.
Do I have to renew my LLC Every year in Arizona?
Report on the Year Arizona, unlike the majority of other states, does not require limited liability companies to produce annual reports.
What is the downside of an LLC?
- Disadvantages of forming a limited liability company Cost: Forming and maintaining an LLC is often more expensive than forming and maintaining a sole proprietorship or general partnership.
- States are required to collect a fee when they first establish themselves.
- Annual report fees and/or franchise tax costs are common in many jurisdictions, as are other recurring taxes such as vehicle registration fees.
What happens if my LLC has no money?
- However, even if an inactive LLC has no revenue or costs for a year, it may still be required to submit a federal income tax return with the Internal Revenue Service.
- The tax filing obligations for an LLC are determined by the manner in which the LLC is taxed.
- An LLC may be treated as a partnership or a corporation for tax purposes, or it may be treated as a disregarded entity for tax reasons.
Do I have to publish my LLC AZ?
The following are required by Arizona: There is a necessity for publication. Arizona requires limited liability companies to post notice of its incorporation within 60 days of their formation in a publication (such as a newspaper) at the state’s recognized place of business for three consecutive publications.
How do I get an EIN number in Arizona?
The quickest and most convenient method to receive a federal tax identification number is to apply for one online through our federal tax identification number obtainment services. Just a few questions about your company will be required, and you’ll get your tax identification number in less than an hour after that.
Does Arizona require a business license?
Business License – While Arizona does not issue or require a state business license, the majority of municipal and town offices do so, and they are listed here.
How much is a business license in Arizona?
Business License Fees
|Fee Name||Fee (effective 1/1/2018)|
|All Businesses – Initial Business License||$168.00 Per License|
|All Businesses – Annual Renewal Fee||$84.00 Per License|
|Pro-Rated Initial Business License|
|Start date 1st Quarter (Jan, Feb, & Mar)||$168.00 Per License|
Do I have to renew my LLC every year?
Is it necessary to renew my LLC on an annual basis? In most states, the charge for re-establishing a limited liability corporation (LLC) must be paid every one or two years, with the frequency varied depending on where you live. The LLC is a commercial entity that is formed at the federal level. It combines the best characteristics of companies and partnerships.
Is Arizona Good for LLC?
The primary advantage of forming an Arizona limited liability company is that it provides limited liability protection similar to that of a corporation. LLCs, on the other hand, are far easier to manage and maintain than corporations. Other advantages of forming an LLC over other business arrangements include: Taxation on a pass-through basis.
How long is an LLC good for in Arizona?
If your LLC has been dissolved or its power has been revoked for any of the reasons listed above, you have six years from the date of the dissolution to fix the flaw that has been identified. Obtaining this result can be done by submitting the required documentation, paying any costs that are due, and include the appropriate reinstatement charge.
How do you register a LLC in Arizona?
- – ***** Congratulations, you have completed the LLC formation procedure.
- ***** – A.
- Members should sign an Operating Agreement that prevents the harm caused by Arizona’s new Limited Liability Company law.
- – B.
- Apply for and get a Federal Employer Identification Number from the Internal Revenue Service.
- – C.
- Select the federal income taxation structure for the LLC.
- LLC Formation Service provided by KEYTLaw LLC (D.
- – E.).
How do I start a small business in Arizona?
- Choose the Most Appropriate Business Concept. It is necessary to determine what type of business to start as the initial step toward achieving business ownership.
- Make a business plan for your Arizona venture. Building a successful business requires careful strategy and execution.
- How to Obtain Funding
- Selecting a Business Structure
- Registering Your Arizona Business
- Set up your business banking, credit cards, and accounting systems..
- Obtain Insurance.