How To Get An Llc
The question of form llc for free is a common one. The simple answer is that you need to incorporate your company in the state you live in and then file your Articles of Organization with the appropriate state regulatory agencies. While this might seem like an easy process, there are a few considerations that you need to take into account before you ever complete your filing. Here are some tips for how to get an llc up and running:
Make sure you understand the differences between a corporation and an LLC. An LLC is designed to be more akin to a sole proprietorship, and therefore requires no personal liability protection. A corporation is designed to have personal liability protection, but can have other types of corporate structures and limits. If you're not sure what your needs are, you should work with a qualified business lawyer to help you understand your options and create the right structure for your needs. You should also work with a qualified accountant and financial advisor to help you understand the implications of incorporating as an LLC and working within your budget.
Forming an LLC in Arizona requires that you file a simple form with the secretary of state. If you aren't sure about how to file this form, contact the Arizona Corporation Commission to request assistance. Once you receive the forms, read them carefully and don't sign until you're satisfied that you understand all the requirements and have signed correctly. Not completing the form correctly could cause serious legal problems for you and your company, so it's always a good idea to double-check your forms before signing.
How to Get an LLC
In order to incorporate an LLC, you must have one or more qualified registered agents. To locate registered agents in your state, use the internet or local business directories. You'll need the names and addresses of the following individuals: Registered Agent, Secretary of State, LLC, and Arizona Corporation Commission.
After locating and hiring your qualified registered agents, you'll be directed to the webpage of the Arizona Corporation Commission. Here, you'll need to register your corporation and choose your desired name. Your chosen name will become the first step in incorporating.
Once you've selected your business name, you must complete the Application for Operating Agreement. This document explains the name and location of your LLC, the holders of its shares, and other necessary information. Also, you must complete the Income and Taxes Special Instructions. Limited Liability Company filing laws vary from state to state, so you may need a special set of instructions specific to your state.
The next step in incorporating is to choose whether to be a C corporation, and the corporation, or sole proprietorship. Most people choose to form an LLC because it is the most popular and allows many states' regulations to be followed. Forming an LLC does not restrict you to one particular type of entity, so you may choose to be a C corporation, an S-corporation, a partnership, or an unincorporated business. Forming an LLC does require that you pay taxes on your personal assets and any profits that the LLC receives (this is called the self-reimbursement clause). There are also no restrictions on who can start an LLC.
Lastly, after filing all the necessary paperwork and meeting the requirements outlined in the articles called Articles of Organization, you're done with the process. All LLCs must now obtain a valid Arizona business license from the Arizona Corporation Commission. If your LLC doesn't receive this license within a year, it must complete another application called a "new law operating" application. Each of the following Articles of Organization forms must be filed: Operating Agreement, Operating & Maintenance Agreement, Debt Consolidation Agreement, and Income Tax Certificate. All of these forms are mandatory!
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