Question: I know the fee to file Articles of Organization to create a new Arizona limited liability company is $50 or $85. Why would I pay the $85 filing fee?
Answer: The main reason to pay the $85 expedited filing fee is because the Arizona Corporation Commission will review the new LLCs Articles of Organization and approve it (hopefully approve rather than reject) within 5 – 8 business days rather than the 30 – 35 business days that applies to the standard $50 filing fee. You should pay the $85 fee if any of the following apply to your LLC:
- You need to open a bank account and your bank requires a copy of the LLC’s approved Articles of Organization and you can’t wait 30 – 35 business days.
- You want the LLC to be able to take title to real estate and you can’t wait 30 – 35 business days. Escrow companies will not close a real estate purchase escrow if title insurance is to be issued to the new LLC until the ACC approves the Articles of Organization.
- The LLC is to sign an important contract and the other party won’t sign the contract until the ACC approves the Articles of Organization.
To see the exact number of days for the ACC to review regular filings and expedited filings go to its document processing times webpage.