Common LLC Mistakes – In 25 years of practicing Arizona LLC law Richard Keyt has seen people make the same LLC mistakes far too often. Unfortunately for some LLC owners when they contact Richard with a problem it is too late to fix the problem without paying a price. The purpose of this article is to alert prospective and current LLC owners to the common mistakes LLC owners make (all of which can bite an LLC owner in the owner’s economic butt) so LLC owners can avoid making the mistake or fix a mistake before it becomes an expensive problem.
Start Your LLC Now for $397, $597 or $997 (the Confidential LLC) – To hire Richard Keyt to form your Arizona LLC, select the LLC formation package and price that is best for you. Pay with your credit card in our secure online store or call LLC legal assistant Kate Keyt - 480-664-7846 and give your credit card information over the phone. In lieu of filling out our online LLC formation questionnaire, call LLC attorney and former CPA Richard C. Keyt (son) at 480-664-7472 or Arizona LLC attorney Richard Keyt (father) at 480-664-7478 to get free answers to your LLC questions or to give your LLC information over the phone.
For do-it-yourselfers (part 1 – the overview). How to Start an LLC in Arizona Checklist in (6 Easy Steps) 2018 – This comprehensive article is Arizona LLC lawyer Richard Keyt’s checklist and detailed explanation about how to create a new Arizona limited liability company. The article is written for people who want to start an AZ LLC without hiring an attorney or document preparer. It contains a detailed explanation of the six steps that must be taken to form every Arizona LLC or PLLC.
For do-it-yourselfers (part 2 – filing the Articles of Organization electronically). Checklist: How to Start an Arizona LLC Using eCorp’s Online efiling (10 Easy Steps) – This article explains how to start your Arizona LLC using the Arizona Corporation Commission’s online eCorp e-filing LLC formation system to file the LLC’s Articles of Organization. A 5 – 10 minute data entry session and $50 is all it takes to start a new Arizona limited liability company.
Why You Should Hire Richard Keyt instead of LegalZoom to Form Your Arizona LLC – This in depth article compares Arizona LLC attorney Richard Keyt’s LLC formation services and low price with LegalZoom’s services and price and shows why Richard Keyt provides more for less money with higher quality than LegalZoom. The article also illustrates a lot of scary facts about LegalZoom that every potential LegalZoom customer should read before hiring it to “prepare legal documents.” If you read this article from top to bottom and still want to use LegalZoom, I’ll be shocked and would love to know why. People frequently ask why they should hire Richard Keyt instead of LegalZoom to form an Arizona LLC. After you read this article you probably won’t want to hire LegalZoom. See also Should Richard Keyt or LegalZoom Form My LLC?
Arizona LLC lawyer Richard Keyt’s AZ LLC Formation Services – What we do to earn $481/LLC ($597 – $85 ACC expedited filing fee – $25 cost for the AZ LLC portfolio – $6 to mail the portfolio). After you read this description of the 20 items Richard Keyt provides for every Silver and Gold LLC he forms you will understand why over 6,200+ people have hired Richard Keyt to form as Arizona LLC.
Case Study: LLC or Corporation? – Why you should never take advice about the type of entity to form from somebody that tells you to form an “S corporation.” If you think you should form an Arizona corporation instead of an Arizona LLC, you must read this article. There are a lot of reasons why the Arizona corporation is obsolete and people from AZ LLCs 10 times more often than they form Arizona corporations. P.S. Arizona law does not allow for the creation of S corporations.
Beware the Nevada LLC Scam – We form limited liability companies in Nevada, Arizona, Delaware and Wyoming, but rarely see a need for a or a Nevada limited liability company or a Nevada corporation. If you are considering forming a a NV corp or a NV LLC, you must read this article before you pull the trigger.
Two Phases in the Life of an LLC – There are two phases in the life of every LLC. Unfortunately, most people focus only on phase 1 – the formation phase. If your goal in forming an Arizona LLC is to protect your assets you must understand why phase 2 in the life of your LLC is the most important phase.
10 Critical Facts Every LLC Owner Must Know – Click on the link to get a free copy of Richard Keyt’s article that is a must read for every Arizona LLC owner/member. This article covers the following critically important topics in depth: (10) Member managed or manager managed?, (9) Meetings of members and managers – yes or no?, (8) Deadline to file for S corporation tax status, (7) How a good Operating Agreement can prevent litigation, (6) The LLC’s first line of defense against loss, (5) Does the state of formation affect liability for state income tax?, (4) Why the LLC must document changes of members, (3) Community property & separate property rules, (2) What the LLC must do to avoid a court ordering members to pay the debts of the LLC, (1) WHEN AN LLC WILL NOT PROTECT YOU FROM LIABILITY.
Naming Your Arizona LLC – Learn the Arizona LLC name rules to avoid having the Arizona Corporation Commission reject your Articles of Organization.
KEYTLaw Girl Video Shows What Is In Every LLC Portfolio – When we form an Arizona LLC for $597 we don’t just send our clients a stack of papers. We put all of your LLC documents in a beautiful red Arizona Limited Liability Company portfolio with the documents organized behind tabs. Every LLC gets our custom drafted Articles of Organization, Organizational Resolutions signed by the members, Affidavit of Newspaper publication, the 50 page Charging Order Enhanced Operating Agreement. Silver & Gold LLC package purchasers also get Richard Keyt’s 170+ page Arizona LLC Operations Manual customized for the LLC, and a numbered membership certificate for each member.
The Confidential LLC– Our Gold LLC package for $997 is for people who want confidentiality. Do you want to avoid having your name and address appear on the internet when somebody searches for your LLC on the Arizona Corporation Commission’s website? The Articles of Organization of an Arizona LLC filed with the Arizona Corporation Commission must disclose the name and address of all members (owners) if the LLC is member managed or all members who own twenty percent or more of a manager managed LLC. This article explains how to form an Arizona LLC legally without disclosing the ultimate owners of the LLC.
How are LLCs Taxed? – Arizona and California LLC attorney and former Arizona CPA Richard C. Keyt’s in depth article explains the four ways that an LLC can be taxed under the Internal Revenue Code.
Your LLC Needs an Operating Agreement – Arizona law does not require Arizona limited liability companies to have an Operating Agreement, but every AZ LLC needs this important document. Read why your LLC needs an Operating Agreement signed by every member. One of the factors a court will consider when deciding whether to pierce the veil and hold the owners liable for the debts of the LLC is whether or not the members signed an Operating Agreement. To hire Richard Keyt to prepare a custom Operating Agreement, complete our online Custom Operating Agreement Questionnaire.
Arizona LLC Operating Agreement FAQ – What all members of an Arizona LLC need to know about LLC Operating Agreements. Beware of using an Operating Agreement that is not prepared to comply with Arizona’s LLC law. An Operating Agreement was not drafted for an Arizona LLC if it does not state what records the LLC must maintain as required by Arizona’s LLC statutes.
A Multi-Member LLC’s Most Important Document – The incidence of business divorces is much greater than marriage divorces. Richard Keyt recommends without exception that every LLC that has two or more owners (other than a husband and wife owned LLC) have an exit strategy / business pre-nuptial agreement most commonly called a Buy-Sell Agreement. If the owners of a multiple member LLC do not enter into a Buy Sell Agreement when they form their LLC, it is unlikely they will ever do so and the consequences can cost the members big bucks plus extreme mental anguish. This article explains what a Buy Sell Agreement does and how it can contain the members’ exit strategy that saves the members big bucks and eliminates a nasty & expensive member divorce. To purchase a custom drafted Buy Sell Agreement complete our online questionnaire.
Arizona LLC Operations Manual – When we form an Arizona LLC we give our clients both a digital version of Richard Keyt’s 170 page book called the Arizona LLC Operations Manual. This book covers 75+ topics the members and managers of AZ LLCs must know. We sell this must have book for $97 in our store, but the ebook is included in our $597 Silver & $997 Gold LLC formation packages when you hire us to form your Arizona LLC. Even if you do not hire Richard Keyt to form your Arizona LLC, you owe it to yourself to buy and read this book from cover to cover. It explains what your LLC must do to comply with Arizona’s LLC laws.
How to Complete IRS Form SS-4 – If you hired KEYTLaw, LLC, to obtain an employer id number (EIN) from the IRS, read Richard Keyt’s detailed explanation of how to complete IRS Form SS-4, Application for Employer Identification Number.
ACC Entity Statistics – Arizona Corporation Commission stats on number and types of entities formed in AZ since 1981. ACC statistics for its fiscal year ending June 30, 2016, show that 9.7 Arizona LLCs are formed for every Arizona corporation.
IRS Forms Used by New LLCs – Links to IRS online federal employer Id number wizard, IRS Forms SS-4 (Application for Employer ID Number), SS-4 Instructions, IRS Form 8832 (Entity Classification Election – used to elect to have an LLC taxed as a C corporation), IRS Form 2553 (Election by a Small Business Corporation – used to elect to have an LLC taxed as an S corporation) and Instructions to IRS Form 8832