Arizona Limited Liability Company Law (2018)2018-12-11T20:26:27+00:00

Arizona LLC attorney Richard Keyt has formed 6,200+ Arizona LLCs because people love his low priced LLC formation services.  Richard wants to form your new Arizona LLC.  See his 137 five star Google, Facebook & Birdeye reviews.  To hire Richard complete his LLC formation questionnaire.

Richard and his son former CPA and Arizona and California LLC attorney Richard C. Keyt created this site because they want to educate people about Arizona limited liability company law and they want to form your LLC.  This site contains many articles about forming, operating and terminating Arizona LLCs.

Warning:  Arizona adopted a new LLC law that replaces current LLC law on September 1, 2019.  All Arizona LLCs created before and after the effective date need an Operating Agreement that complies with the new law and that eliminates the nasty litigation causing provisions in the new law.  Learn more about the new law and why Richard Keyt calls the new Arizona law the liability company act rather than the limited liability company act.

See the Contents of Our 3 LLC Packages

Why We've Formed 6,200+ LLCs

  • New AZ LLC Law Compliant: Your LLC’s Operating Agreement will comply with Arizona’s new LLC law effective 9/1/19
  • New IRS Audit Rules Compliant: Your Operating Agreement will comply with the new IRS tax audit rules effective 1/1/18
  • Peace of Mind: Your LLC will be formed correctly by experienced Arizona LLC attorneys
  • Phone Help: Call 480-664-7478 for free answers to any LLC questions
  • Speedy formation: Your LLC will be formed within 3 business days
  • Low Price: Cheaper than doc preparers for similar services. $397 Bronze, $597 Silver & $997 Gold
  • The Confidential LLC: $997 Gold LLC includes a trust to keep your name & address off the public record & transfer the LLC to your loved one(s) if you die.
  • Custom Operating Agreement: Prepared by an Arizona LLC lawyer who has drafted 6,200+ Operating Agreements
  • IRS Employer ID Number: We get the LLC’s employer ID number from the IRS (Silver & Gold LLCs)
  • Arizona LLC Operations Manual: This 170 page e-book tells you everything you need to know about operating your LLC after it has been formed (Silver & Gold LLCs)
  • Post Formation Checklist: This checklist describes 34 important tasks that must be performed in first 75 days after forming the LLC (Silver & Gold LLCs)
  • DocuSign the Operating Agreement: Members of multi-member LLCs may digitally sign the Operating Agreement (Silver & Gold LLCs)
  • Do-it-yourself LLC Legal Audit – 83 questions, 32 tasks and 29 alerts that will tell you the legal health of your LLC (Silver & Gold LLCs)
  • Unique Arizona LLC Alert System: We send the members 47 email messages over 3 months that remind members to accomplish important post formation tasks (Silver & Gold LLCs)
  • Free PDF Copies of LLC Documents: We email digital pdf copies of the Articles of Organization & the Operating Agreement to the members
See the Contents of Our 3 LLC Packages

Arizona Adopted a New LLC Law

Arizona adopted a new limited liability company law that replaces existing Arizona LLC law in its entirety.  The new Arizona LLC law is effective 9/1/19 for all Arizona LLCs formed after 8/31/19 and effective 9/1/20 for all Arizona LLCs formed before that date.  Learn about the new duties and liabilities the new law imposes on members and managers and how to eliminate them.  Does your LLC’s Operating Agreements comply with the new law?

Learn more . . .

Update Operating Agreements

Warning:  All Arizona LLCs need a new or amended Operating Agreement that complies with current & the new Arizona LLC law that is effective 9/1/19.  The new Arizona LLC law creates many new liabilities on members and managers (this is why we call it the liability company act) that can be eliminated in an Operating Agreement.  All of our Operating Agreements have language that complies with current & new AZ LLC law.

Operating Agreement Info

Get a Buy Sell Agreement

Multi-member LLCs need a Buy Sell Agreement because it contains the exit strategy when members need a company divorce. It contains buy out provisions when a member dies, defaults under the Operating Agreement, goes bankrupt, is convicted of a felony, tries to transfer ownership to a third party or engages in any other triggering event selected by the members. See “What You Need to Know about Buy Sell Agreements.”

Buy a Buy Sell . . .

Keyt vs LegalZoom

Alert for People Thinking about Forming a New Arizona LLC:  If you are thinking of hiring LegalZoom to form your new Arizona LLC do yourself a big favor and read this article that explains in detail why you should hire Richard Keyt instead and pay a lot less for similar services.  There are a lot of reasons why Richard has 137 five star reviews on Google, Facebook & Birdeye.

Learn more . . .

Common LLC Mistakes

Get a free copy of an Arizona LLC attorney’s article called How to Avoid 15 Common LLC Mistakes.  In representing 6,200+ Arizona LLCs since 1992 LLC attorney Richard Keyt has seen people make these same 15 LLC mistakes over and over.  Richard wrote this informative article so people can learn about the fifteen common LLC mistakes so they can avoid making them.

Email address . .

The Confidential LLC

To keep your name & address off the public records of the ACC when you form an Arizona LLC buy our $997 Gold LLC package.  We create a revocable living trust to own the LLC so only trust’s name is on the public record and the address of the trust and the LLC is our address.  The trust also avoids probate & transfers your LLC automatically to your loved ones on your death.

Learn more . . .

KEYTLaw’s Youtube Channel

Our Youtube channel contains more than 70 educational videos that explain issues that arise when forming and operating Arizona LLCs.  Our Youtube channel has a series of videos that demonstrate how to prepare the most commonly used Arizona Corporation Commission forms and how to search the ACC’s online database to find information about LLCs and their members & managers.  Be sure to subscribe to get notices of new videos and like our videos.

Our Videos . . .

Purchase an Operating Agreement

Hire an Arizona LLC attorney to draft a new or amended custom Operating Agreement for your Arizona LLC that has provisions written to comply with Arizona’s new LLC law by an LLC attorney who has prepared 6,200+ Operating Agreements. We have four different Operating Agreements written for: (1) a one member LLC or an LLC owned by a married couple, or (2) a multi-member LLC when we represent: (a) the LLC, (b) the majority owner, or (c) a minority owner.

Get Started . . .

Purchase a Tax Audit Agreement

The Bipartisan Budget Act of 2015 changed the federal income tax audit rules for LLCs taxed as partnerships after 2017.  See “LLCs Taxed as Partnerships Must Adopt a Tax Audit Agreement” to learn why ALL LLCs taxed as partnerships must adopt a Tax Audit Agreement that contains language that deals with the new audit rules.  If the LLC does not appoint a partnership representative the IRS will appoint one.  Purchase a $497 Tax Audit Agreement by completing our Questionnaire.

Get started . . .

Changing LLC Members

To add or remove a member of an LLC or change the percentage ownership of a member the member(s) must document the change by filing an amendment to the Articles of Organization with the Arizona Corporation Commission and the sign an amendment to the Operating Agreement. Warning: If a member terminates the member must sign a document that proves there was a transfer on a specified date.

Learn more . . .

Hire Us to be Statutory Agent

Hire KEYTLaw, LLC, to be the statutory agent (called a resident agent in many states) of your Arizona or non-Arizona LLC or corporation for $99/year. If your LLC doesn’t have an Arizona address for its required place of business in Arizona or if you don’t want to use your home address purchase our address service for $100/year so the address of the LLC and its members on the ACC’s records can be our address.

Get Started . . .

Free New LLC Law Email List

LLC Owners Beware! Arizona adopted an entirely new LLC law that replaces current LLC law effective 9/1/19. Ignorance of the new LLC law is not bliss.  The new Arizona LLC law affects all existing & future AZ LLCs. Learn more about Arizona’s new LLC law by subscribing to our free Arizona LLC Act email list.

Subscribe . . .

Client Testimonials

In forming 6,200+ Arizona LLCs we have had thousands of happy clients. A few testimonials are shown below, but here is how to access the complete list of satisfied LLC purchasers:

People Love Our 170 Page LLC Operations Manual eBook

When people purchase my Silver or Gold LLC package one of the features they get is access to the 170+ page ebook I wrote called the "Arizona LLC Operations Manual."  In forming  Arizona LLCs I learned a long time ago that people have the same post formation questions.  I realized I could save myself a lot of time on the phone and answering emails if I wrote a book that answers all of people's post LLC formation questions.  See the Table of Contents to see the many LLC topics that are explained in the Operations Manual. Here are four [...]

The Importance of a Well Drafted Buy Sell Agreement

Last month I attended a four  hour seminar on Buy Sell Agreements.  I've been drafting Buy Sell Agreements for LLCs since 1992, but the seminar gave me a lot of new information.  I especially enjoyed the presentations by two very experienced business appraisers.  The seminar caused me to review and revise my Buy Sell Agreement and to write several new articles about Buy Sell Agreements to help people learn about and understand why all multi-member LLCs (other than a married couple LLC) should have a comprehensive Buy Sell Agreement. I also revised my online Buy Sell Agreement questionnaire to give my [...]

How to Open a Bank Account for an Arizona LLC Before the ACC Approves Its Articles of Organization

Because the Arizona Corporation Commission's new database is broken and apparently can't be fixed the time the ACC takes to review and approve the Articles of Organization filed to create a new Arizona LLC or PLLC has sky-rocketed through the roof.  To see how long it will take for the Arizona Corporation Commission to review and approve your company's Articles of Organization go to the ACC's processing times web page.  See also my article called "Arizona Corporation Commission’s New Database System Sucks." This delay is preventing people from opening a bank account in the name of the newly formed company.  [...]