When creating an Arizona LLC, making an operating agreement outlines ownership, management, operations for smooth running and legal protection. Despite not requiring one, having an agreement gives advantages.
The agreement can include LLC name, address, duration, tax treatment, member duties, and more. Keep the signed document for reference as it does not file with the state. Highly recommended to prevent confusion.
Having a written agreement reinforces liability status, clarifies verbal agreements, protects in the state’s eyes.
You can make your own or hire an attorney to draft one legally binding outlining ownership, management, procedures, ensuring smooth operations and protection from disputes and issues.
How much does it cost to start an LLC in Arizona?
What are the requirements for an LLC in Arizona?