forming an arizona llc
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COMPANY FORMATIONELI CHMOUNI
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SLIDE ACCESS
FormationSpace.com
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A BIT ABOUT MEEngineer
Entrepreneur
Mentor
@ EliChmouni
LinkedIn - Eli Chmouni
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DISCLAIMERI am not a lawyer
I am not giving legal advice
Please consult with an attorney
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COMPANY TYPESSole Proprietorships
Partnerships
Limited Liability Companies (LLCs)
S Corporations
C Corporations
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SOLE PROPRIETORSHIPS
Owner remains personally liable for lawsuits filed against the business.
No state filing required to form a sole proprietorship.
Easy to form and operate.
Owner reports business profit and loss on their personal tax return.
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PARTNERSHIPSPartners remain personally liable for lawsuits filed against the business.
Usually no state filing required to form a partnership.
Easy to form and operate.
Owners report their share of profit and loss in the company on their personal tax returns.
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S CORPORATIONSIndependent legal and tax structures separate from their owners.
Help separate your personal assets from your business debts.
Owners report their share of profit and loss in the company on their personal tax returns.
Limits on number of shareholders, who must be U.S. citizens or residents.
Must hold annual meetings and record meeting minutes.
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C CORPORATIONSIndependent legal and tax structures separate from their owners.
Help separate your personal assets from your business debts.
No limit to the number of shareholders.
Taxed on corporate profits and shareholder dividends.
Must hold annual meetings and record meeting minutes.
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LIMITED LIABILITY COMPANIES (LLC)Independent legal structures separate from their owners.
Help separate your personal assets from your business debts.
Taxed similarly to a sole proprietorship (if one owner) or a partnership (if multiple owners).
No limit to the number of owners.
Not required to hold annual meetings or record minutes.
Governed by operating agreements.
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NAME SEARCHVisit http://starpas.azcc.gov/scripts/cgiip.exe/WService=wsbroker1/connect.p?app=names-report.p to search for the name.
Your LLC name should be follow by LLC
For example BlueDream Group, LLC
Name reservation VS signing up directly
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DOCUMENTSReserve the LLC name
http://www.azcc.gov/Divisions/Corporations/forms/starpas/formsSTPS/L001-Application-to-Reserve-LLC-Name.pdf
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ARTICLES OF ORGANIZATIONhttp://www.azcc.gov/Divisions/Corporations/forms/starpas/formsSTPS/L010-Articles-of-Organization.pdf
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MANAGER MANAGED VS MEMBER MANAGEDManager: http://www.azcc.gov/Divisions/Corporations/forms/starpas/formsSTPS/L040-Manager-Structure-Attachment.pdf
Member:
http://www.azcc.gov/Divisions/Corporations/forms/starpas/formsSTPS/L041-Member-Structure-Attachment.pdf
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ADDITIONAL DOCUMENTSOrganizer:
http://www.azcc.gov/Divisions/Corporations/forms/starpas/formsSTPS/L042-Organizer-Attachment.pdf
Agent:
http://www.azcc.gov/Divisions/Corporations/forms/starpas/formsSTPS/M002-Statutory-Agent-Acceptance.pdf
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COVER AND FEESCover:
https://www.azcc.gov/Divisions/Corporations/forms/starpas/formsSTPS/COVERSHEET.pdf
All forms: https://www.azcc.gov/Divisions/Corporations/forms/formsindex.asp
Expedited VS Slow
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FILED… NOW WHATConfirmation for Newspaper Publication
Choose a Newspaper
File Notice of Publication (Capitol Times)
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GET AN EIN http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Apply-for-an-Employer-Identification-Number-(EIN)-Online
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GROW YOUR BUSINESS
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FAQLIMITED LIABILITY COMPANIES
1. How do I form a limited liability company (“LLC”)?
2. Can I form a nonprofit LLC?
3. Should I form a professional LLC?
4. Must the LLC have members?
5. Can I have a single member LLC?
6. Can the same person be the only member and the only manager?
7. What if my LLC has a “managing member”?
8. What is the difference between members and managers of an LLC?
9. What is “management structure”?
10. What is a manager-managed LLC?
11. What is a member-managed LLC?
12. What is an operating agreement?
13. Does the operating agreement get filed with the Arizona Corporation Commission?
14. How do I change the address of the LLC?
15. How do I change members or managers?
16. How do I amend the articles of organization?
17. How do I move my LLC to another state?
18. How do I report a bankruptcy?
19. Who can sign documents for LLCs?
20. Statutory agent?
21. How do I get a Certificate of Good Standing?
22. How can I convert my LLC to a corporation?