When starting an LLC in Arizona, creating an operating agreement is critical. This document outlines ownership, management, and operations to ensure smooth running and legal protection. You should keep the signed agreement for future reference as it does not need to be filed with the state.
- An operating agreement can include details like the LLC’s name, address, duration, tax treatment, member responsibilities, and more.
- It gives certain advantages that can help your business like clarifying verbal agreements and protecting the agreement legally.
Creating an LLC Operating Agreement in Arizona
- You can create your own LLC operating agreement in Arizona or hire an attorney to draft one for you.
- This legally binding document outlines procedures to ensure smooth operations and legal protection.
Advantages of Having an Operating Agreement
- Despite not being required, having an agreement gives advantages.
- It outlines the structure of an Arizona LLC and reinforces limited liability status.