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Purchase Arizona LLC Attorney Richard Keyt's Editable Operating Agreement Form in Word Format

by Richard Keyt, Arizona business attorney

If you form your own Arizona LLC, your company should also have an Operating Agreement signed by all of the members.  Here's the litmus test for determining if your company needs an Operating Agreement:  How can a third party like a bank or title insurance company determine the identity of the members of your company and their percentage ownership of the company? Without a written Operating Agreement, a bank or title insurance company will not accept the word of a member as to who the owners are and how much they own. 

Without a good written Operating Agreement how can you prove to a court exactly how much of your company you own?  The single most important reason to have a written Operating Agreement is so that you and the other members can prove who owns your company and how much each member owns.  In 2003, the members of an LLC I formed in 1994 found themselves in Maricopa County Superior Court litigating over, among other things, exactly who the owners were and what percentage of the company they owned.  Although I prepared an Operating Agreement for them in 1994, they never signed it.

I had a client ask me to review a sample Operating Agreement the company found on the internet.  The members signed the agreement and were involved in a nasty dispute.  Unfortunately for the company and its members, the sample Operating Agreement stopped in the middle of the agreement and lacked all the exhibits it referred to.  Because the members had never seen an Operating Agreement before, they did not realize they signed a partial and highly defective document.

Every multiple member LLC needs an Operating Agreement.  Don't risk a future expensive dispute among owners by operating your company without a written agreement between the members that covers basic rights and obligations of the members. 

Because the Operating Agreement is the most important agreement among the members of a multi-member LLCs, it should not be a fill-in-the-blanks form taken off the internet or from a commercial legal form software package.  Don't risk using a defective agreement prepared for use in another state or prepared by a non-lawyer without extensive experience if drafting Operating Agreements.  Your Arizona LLC must have an Operating Agreement that is drafted specifically to comply with Arizona LLC law. 

Custom Operating Agreements Included with Every LLC We Form

Every LLC Richard Keyt forms contains a custom drafted Operating Agreement included in the purchase price of $599.  If you are going to hire Richard Keyt to form your LLC, just complete his online Arizona LLC Formation Agreement and we will prepare a custom drafted 40+  page Operating Agreement for your LLC.

Purchase Our Editable Word Operating Agreement Form

If your Arizona LLC doesn't have an Operating Agreement, purchase Arizona LLC attorney Richard Keyt's Operating Agreement for your LLC for $97 and have piece of mind knowing that you will have the basic terms and conditions of membership set forth in a legally binding written agreement.

Richard Keyt's Operating Agreement is not a form document grabbed from the internet or a form book.  It is the product of Richard Keyt's 30+ years of experience as a business lawyer attending seminars, reading treatises, drafting over 2,500+ partnership agreements and operating agreements, and advising partnerships and limited liability companies

How to Order Your Custom AZ LLC Operating Agreement

To purchase and download our custom Operating Agreement in Word format for your company now, click on the link below to go to our online store.

Click Here to Purchase Our Form Operating Agreement in Word Format

For more information about Operating Agreements, see Richard Keyt's articles entitled "Arizona Limited Liability Company Operating Agreement FAQ.

About the Author

All Documents Attorney Prepared - not Paralegal or Document Preparer Prepared

To order an attorney prepared Operating Agreement for your AZ LLC, click on the OA Questionnaire link

KEYTLaw LLC Formation Records:  day: 17 (6/4/08); week: 27 (week ending 6/7/08); month: 64 (6/08); year: 425 (2007)

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This page was last modified on August 21, 2010.

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