1. Prepare a 45+ page custom Operating Agreement
2. Give each member of the LLC a one year subscription to Arizona LLC attorney Richard Keyt's 170+ page eBook called the "LLC Operations Manual."
3. Include all the documents we prepare in our red Arizona LLC portfolio and mail it to you.
4. Prepare organizational resolutions of the members
5. Prepare membership certificates for each member
A husband and wife that will own their interest in the company as community property or as joint tenants with right of survivorship are deemed to be one member, not two members.
If a husband and wife will each own an interest in the LLC as separate property they are two members.
If a married person will own his or her interest in the LLC as separate property and the other spouse will not have any ownership of the LLC the owner spouse is one member, not two.
Arizona law provides that if a spouse who is an Arizona resident acquires property during marriage the property is automatically community property unless the property was acquired as a gift or from an inheritance unless the non-owner spouse signs a disclaimer. When a spouse owns the LLC as separate property and the spouse dies, the interest does not pass automatically to the deceased spouse's heirs and an expensive and time consuming probate will be necessary to transfer the interest to the heirs.
If this spouse is to own his/her interest as separate property we will prepare a Disclaimer that the owner spouse must get the non-owner spouse to sign.
If you want to create a legal obligation for this member to pay money to the LLC select the Yes button and answer the contribution questions that follow. We will then include language in the Operating Agreement that requires this member to make the capital contribution(s).
Note: If this member is to be obligated to make more than one payment include the future payment amounts and due dates in the Additional Information field at the end of this Questionnaire.
Only managers have the legal power to sign contracts and bind the LLC on legal obligations.
Check the box for each manager.
If the LLC will have more than four members enter the following information here for each member: name of member, percentage ownership, single or married person (spouse's name if married), entity type and state of formation and who signs for the entity and his or her title, address and phone number.
If any member(s) is/are required to make more than one payment of money to the LLC insert the name(s) of the member(s), amount(s) of the contribution(s) and due date(s) of each additional contribution.
What is the email address of the person we are to send this questionnaire to for review?