Forming a company in Arizona? Learn the basics before you begin

On Behalf of | Aug 24, 2017 | Blog

To many Arizona residents, having a company of your own is a large part of the American dream. Thanks to modern business laws, that dream can be a reality and it is much easier than you might think. We want to devote this blog post to providing our readers with basic information so that forming a limited liability company (LLC) does not feel overwhelming.

It only takes five steps to create an LLC business. Of course, these separate steps require a bit of effort on your part, but the good news is, a lawyer practicing in the field of business law can help you tackle the legwork.

The first step is choosing a name for your LLC. This requires some thought as you cannot use another business name that already exists. You must also take steps to ensure the name you choose does not closely match another company’s trademarked name.

Second, you must file the documentation, namely the Articles of Organization. At this time, you must also pay a fee for the filing. For the third step, you must create an operating agreement showing how your company will function. This step benefits from attorney assistance as it can ensure you have addressed any potential problems and avoided making mistakes.

The fourth step involves issuing a public notice about your LLC, and the fifth step involves acquiring any permits and licenses you will need to operate in Arizona. Again, working with a business law attorney can speed this process along.

We urge you to remember that the information in this post is very basic. Your best bet is to consult with a business lawyer who can prepare you for the process. You can also reach out to our lawyers for answers to your specific questions and concerns. Please visit our website to learn more.