{"id":7885,"date":"2016-07-17T08:27:27","date_gmt":"2016-07-17T15:27:27","guid":{"rendered":"http:\/\/www.keytlaw.com\/azllclaw\/?page_id=7885"},"modified":"2019-06-15T06:50:56","modified_gmt":"2019-06-15T13:50:56","slug":"arizona-llc-legal-audit","status":"publish","type":"page","link":"https:\/\/www.keytlaw.com\/azllclaw\/arizona-llc-legal-audit\/","title":{"rendered":"Arizona LLC Legal Audit"},"content":{"rendered":"<p style=\"text-align: justify;\">by Arizona LLC attorney <a target=\"_blank\" href=\"http:\/\/www.keytlaw.com\/attorneys-staff\/richard-keyt\/\" rel=\"noopener noreferrer\">Richard Keyt<\/a> who has formed\u00a010,000+ LLCs<\/p>\n<p style=\"text-align: justify;\">Most people who form an Arizona LLC think that when they file the Articles of Organization with the Arizona Corporation Commission they are done.\u00a0 However, forming the LLC by filing the Articles of Organization is the beginning of what I call Phase II in the life of an LLC.\u00a0 Read the &#8220;<a href=\"http:\/\/www.keytlaw.com\/azllclaw\/forming-llcs\/llc-phases\/\" target=\"_blank\" rel=\"noopener noreferrer\">Two Phases in the Life of an LLC<\/a><em><\/em>.&#8221;<\/p>\n<p style=\"text-align: justify;\">In forming\u00a010,000+ Arizona LLCs I learned long ago that there are many post formation tasks that LLC members (owners) must accomplish to properly operate their LLC.\u00a0 To help LLC owners understand: (i) the many post LLC formation tasks they need to accomplish, and (ii) to how accomplish those tasks I created two comprehensive tools:<\/p>\n<ul>\n<li style=\"text-align: justify;\">My 170+ page ebook called the <a target=\"_blank\" href=\"https:\/\/www.keytlaw.com\/llcom\/\" rel=\"noopener noreferrer\">Arizona LLC Operations Manual<\/a>.\u00a0 Chapter 3 of the Operations Manual is a checklist of 34 tasks the LLC should complete in the first 75 days after the LLC is formed.<\/li>\n<\/ul>\n<ul>\n<li style=\"text-align: justify;\">My do-it-yourself <a target=\"_blank\" href=\"http:\/\/www.keytlaw.com\/azllclaw\/audit-q\/\" rel=\"noopener noreferrer\">LLC Legal Audit<\/a>.\u00a0 I created this 83 question self audit to alert Arizona LLC owners to their LLC&#8217;s legal deficiencies.\u00a0 The LLC Legal Audit asks questions and depending on the answer the audit will describe the task and tell you how to resolve the task.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">Ignorance of LLC operational issues can harm the LLC and its members, and in some cases give a court grounds to pierce the company veil and hold the members liable for the debts of the company.\u00a0 There is a lot to know about LLCs, but if you&#8217;ve never had an LLC or had only a few how could you possibility know all the post LLC formation issues that confront an Arizona LLC?\u00a0 I created the Arizona LLC Legal Audit to educate people about important LLC post formation issues.<\/p>\n<h2 style=\"text-align: center;\"><strong>The Arizona Limited Liability Company Legal Audit<\/strong><\/h2>\n<p style=\"text-align: justify;\">The Arizona LLC Legal Audit contains 83 questions, 32 tasks and 29 alerts.\u00a0 The answer to a question determines if a task or alert will appear.\u00a0 Tasks are things the LLC or its owners should accomplish.\u00a0 Whenever a task displays, it has a detailed explanation of how to accomplish the task.\u00a0 If a task is particularly important there will be an alert that explains why the task is so important and should be accomplished as soon as possible.<\/p>\n<p style=\"text-align: justify;\">The audit is dynamic.\u00a0 By that I mean it will ask or not ask questions depending on your input.\u00a0 The audit is divided into the major areas listed below.\u00a0 If you check the box next to an area then the audit will ask questions about that area.\u00a0 If an area is not checked, the audit does not ask questions about the area.<\/p>\n<p style=\"text-align: justify;\"><strong>LLC Audit Areas<br \/>\n<\/strong><\/p>\n<ul>\n<li style=\"text-align: justify;\">Newly Formed LLC: For an LLC created within the last year.<\/li>\n<li style=\"text-align: justify;\">Real Estate LLC: For an LLC that owns or will own real estate.<\/li>\n<li style=\"text-align: justify;\">Insurance Coverage: A review of the types of insurance policies LLCs should have.<\/li>\n<li style=\"text-align: justify;\">LLC Loans: For an LLC that has borrowed or loaned money.<\/li>\n<li style=\"text-align: justify;\">Multi-Member LLCs: For an LLC with two or more members who are not married to each other.<\/li>\n<li style=\"text-align: justify;\">LLCs with Employees: For an LLC that has or will have an employee.<\/li>\n<li style=\"text-align: justify;\">LLCs with Independent Contractors: For an LLC that has an independent contractor.<\/li>\n<li style=\"text-align: justify;\">Member Capital Contributions: For an LLC that has a member that has or will contribute money or property to the LLC.<\/li>\n<li style=\"text-align: justify;\">Arizona Sales Taxes: For an LLC that is involved or will be involved with one or more of the following activities: retail sales, restaurants\/bars, hotel\/motel (transient lodging), commercial lease, amusements, personal property rentals, contracting, severance (metal mining), transporting, nonmetal mining, job printing, publishing, utilities, communications, and private (rail) car.<\/li>\n<li style=\"text-align: justify;\">Intellectual Property: For an LLC that has a trademark, service mark, copyrightable work, domain name or website.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>Two Reasons to Hire Richard Keyt to Form Your New LLC<\/strong><\/p>\n<p style=\"text-align: justify;\">My <a target=\"_blank\" href=\"https:\/\/www.keytlaw.com\/llcom\/\" rel=\"noopener noreferrer\">Arizona LLC Operations Manual<\/a> and my do-it-yourself <a target=\"_blank\" href=\"http:\/\/www.keytlaw.com\/azllclaw\/audit-q\/\" rel=\"noopener noreferrer\">LLC Legal Audit<\/a> are two reasons you should hire me to form your new Arizona limited liability company.\u00a0 Purchasers of <a target=\"_blank\" href=\"https:\/\/www.keytlaw.com\/packages\" rel=\"noopener noreferrer\">Silver &amp; Gold LLC packages<\/a> receive access to the Operations Manual and the audit.\u00a0 Nobody else can give you either one of these very important LLC resources.\u00a0 To hire me go to my <a href=\"http:\/\/www.keytlaw.com\/azllclaw\/llcq\/\" target=\"_blank\" rel=\"noopener noreferrer\">Form LLC Now<\/a> page.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>by Arizona LLC attorney Richard Keyt who has formed\u00a0 LLCs Most people who form an Arizona LLC think that when they file the Articles of Organization with the Arizona Corporation Commission they are done.\u00a0 However, forming the LLC by filing the Articles of Organization is the beginning of what I call Phase II in the life of an LLC.\u00a0 Read the &#8220;Two Phases in the Life of an LLC.&#8221; In forming\u00a0 Arizona LLCs I learned long ago that there are many post formation tasks that LLC members (owners) must accomplish to properly operate their LLC.\u00a0 To help LLC owners understand: (i) the many post LLC formation tasks they need to accomplish, and (ii) to how accomplish those tasks I created two comprehensive tools: My 170+ page ebook called the Arizona LLC Operations Manual.\u00a0 Chapter 3 of the Operations Manual is a checklist of 34 tasks the LLC should complete in the first 75 days after the LLC is formed. My do-it-yourself LLC Legal Audit.\u00a0 I created this 83 question self audit to alert Arizona LLC owners to their LLC&#8217;s legal deficiencies.\u00a0 The LLC Legal Audit asks questions and depending on the answer the audit will describe the task and tell you how to resolve the task. Ignorance of LLC operational issues can harm the LLC and its members, and in some cases give a court grounds to pierce the company veil and hold the members liable for the debts of the company.\u00a0 There is a lot to know about LLCs, but if you&#8217;ve never had an LLC or had only a few how could you possibility know all the post LLC formation issues that confront an Arizona LLC?\u00a0 I created the Arizona LLC Legal Audit <a href=\"https:\/\/www.keytlaw.com\/azllclaw\/arizona-llc-legal-audit\/\"> [&#8230;]<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"om_disable_all_campaigns":false,"footnotes":""},"class_list":["post-7885","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.7 (Yoast SEO v27.9) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Arizona LLC Legal Audit - Arizona LLC Law<\/title>\n<meta name=\"description\" content=\"Take this free do-it-yourself Arizona LLC legal audit with 83 questions, 32 tasks and 29 alerts. 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