Arizona LLC - Getting Your Business Started
Entrepreneurs create an Arizona LLC in order to have the legal basis to establish or to expand your business operation within the dynamic and pro-business market place of Arizona.
Form an LLC for only $139 - Arizona LLC Information - LLC Links & Articles
* Get 50 State Recognition For Your LLC. Your Arizona LLC is a corporate form of organization recognized as legal and valid by all fifty US states. Immediately following ratification of your Arizona LLC application documents by the Secretary of State, your Arizona LLC will then receive all the public arena support offered under law by the Secretary of State.
* Creating Your Legal Presence In Arizona. Establishing your Arizona LLC enables you to meet a necessary statutory condition for establishing a legal presence within the state of Arizona. By satisfying this legal condition, your Arizona LLC immediately qualifies for all the privileges and protections offered under Arizona law.
* Getting Protection For Your Personal Assets. Foremost amongst these protections is the separation of your Arizona LLC members' personal assets (bank deposits, securities, auto, real property) from the future corporate liabilities of your Arizona LLC in the course of its business. In other words, any attempt by your Arizona LLC corporate creditors to "reach" into personal assets for satisfaction of a court judgment is expressly forbidden, unless an event of fraud has been proven against your Arizona LLC as defendant.
* Flexibility In Ownership And Raising Capital. When your form an LLC in Arizona, you obtain important advantages in the area of ownership and capitalization. Unlike a Subchapter S corporation which is limited to 75 shareholders, your LLC in Arizona can raise its capital from an unlimited number of investor-members (which can include persons, trusts, pensions, companies, or even other LLC corporation entities) until your capitalization plans have been fulfilled. Once your Arizona LLC has completed initial capitalization and your management has your Arizona LLC financial operating statements in hand, then you can apply for financing or various credits, just like other companies do.
* Annual Meetings Not A Requirement. An Arizona LLC offers further advantages in the area of corporate governance. Whereas normal corporations must conduct annual meetings and produce written meeting minutes, your Arizona LLC does not have this statutory requirement, unless your LLC operating agreement expressly requires such meetings.* What Aboout Dividends? Dividend policy is another area where your Arizona LLC maintains unique advantages as a corporate form. Whereas C corporation or Subchapter S corporation must pay dividends on a dollar-per-share rule basis, your Arizona LLC can declare and pay dividend based on your own policies and needs, as further described in your LLC operating agreement between members.
* Taxation Matters. In terms of taxation, your Arizona LLC is considered a tax-exempt entity according to both state and federal law. As your Arizona LLC determines its year-end "bottom line" then the resulting profits and/or losses are transferred directly to your Arizona LLC members, who report earnings or losses on their individual tax returns. In determining your "bottom line" your Arizona LLC can legally deduct qualifying operating costs and expenses, as well as take advantage of the federal guidelines for depreciating assets as recorded on your Arizona LLC balance sheet.
Copyright 2004-2008 S&T US LLC
©2004-2008 Wise4Living | Contact | Advertising Info | Legal | Privacy | Directory |
