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What is an LLC?
An LLC (Limited Liability Company) is a popular business structure that offers limited liability protection and flexible management options. In Arizona, forming an LLC is an excellent choice for small business owners who want to protect their personal assets and enjoy simplified taxation.
Benefits of an Arizona LLC
- Protects personal assets from business liabilities.
- Pass-through taxation simplifies tax reporting.
- Low annual filing fees and straightforward compliance requirements.
- Flexible ownership and management structure options.
Step-by-Step LLC Formation Guide
Step 1: Choose an Available Name
Ensure your LLC's name is unique and complies with Arizona naming rules. Check availability with the Arizona Corporation Commission's Name Search Tool.
Step 2: File Articles of Organization
Submit the Articles of Organization online via the Arizona Corporation Commission. The filing fee is $50.
Step 3: Appoint a Statutory Agent
Designate a statutory agent (similar to a registered agent in other states) to handle legal and official correspondence.
Step 4: Publish a Notice
Arizona requires LLCs to publish a notice of formation in an approved newspaper within 60 days. Exceptions apply to certain counties.
Step 5: Obtain an EIN
Apply for a free EIN (Employer Identification Number) through the IRS website. This number is required for tax purposes and opening a business bank account.
Arizona LLC Costs Comparison
| State | Filing Fee | Annual Fee |
|---|---|---|
| Arizona | $50 | $0 |
| Virginia | $100 | $50 |
| North Carolina | $125 | $200 |
FAQ: Arizona LLC Formation
1. How long does it take to form an LLC in Arizona?
Arizona processes LLC filings within 5-7 business days if submitted online.
2. Do I need to publish a notice?
Yes, most Arizona LLCs must publish a notice of formation. Exceptions apply for businesses in Maricopa and Pima counties.
3. Are there ongoing requirements for an Arizona LLC?
Arizona does not require annual reports for LLCs, making compliance straightforward.
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