Forming an LLC in Arizona
To start an LLC in Arizona, submit the Articles of Organization form and $50 filing fee. Appoint a registered agent. Arizona LLCs must also publish their business in a local newspaper. If you don’t publish within 60 days, the Arizona Corporation Commission could revoke the LLC’s charter, meaning you’d have to refile and meet the publication requirement to continue.
LLCs don’t pay income taxes, only their members do. The state taxes corporation income. The cost to form an LLC includes a $50 filing fee plus $20 for annual registration. Arizona LLCs must publish a notice of formation in the county of the LLC’s main office and adhere to industry-specific regulations. To register a foreign LLC, file an Application for Registration of Foreign Limited Liability Company.
Failure to meet publication requirements can result in penalties and cancellation of your LLC. You’ll receive a notice from the Arizona Corporations Commission after 60 days.
To close a sole proprietorship in Arizona, inform the IRS with the firm’s details and reason for cancellation. To dissolve an Arizona corporation, follow the state’s dissolution procedure.
For more information on forming an LLC, contact Counxel Legal Firm at 480-536-6122. However, this article does not constitute legal advice.
Forming an LLC in California
Initial Steps for LLC Formation
- Step 1: Choose Your LLC Business Name.
- Step 2: Hire Agent for Service of Process.
LLCs must file Form LLC-12 within 90 days after their formation documents and pay an $800 annual tax, even when not conducting business. No franchise tax is due for the first year. Your LLC name must include "Limited Liability Company" or the abbreviations "LLC" or "L.L.C." as part of the name.
Other LLC Considerations
All California and foreign LLCs must file a Statement of Information, Form LLC-12. You do not need to submit Form 3522 in the first year but will need to in subsequent years.
When starting your California LLC, ensure the name satisfies the necessary requirements. Small business owners should consider forming an LLC for liability protection. LLCs need to obtain an EIN and file a Statement of Information every two years. Remember, the $70.00 filing fee for Form LLC-1 is required to establish your LLC legally.
The LLC created under state law separates business assets from the owner’s personal assets, offering liability protection and potential tax savings. Unlike sole proprietorships or partnerships, the LLC structure limits personal liability for business lawsuits.
Note: To ensure accuracy and compliance, consult with a business attorney before submitting any forms.
Steps to Start an LLC in California includes choosing an LLC name and registering with the state. The Webinarcare Editorial Team guides you through setting up your business entity.