The articles of incorporation for your limited liability corporation (LLC) are a basic blueprint of your business itself and a contract between all of the owners, shareholders and the state government.
However, your articles of incorporation (along with things like your by-laws) may need amending from time to time to reflect the reality of your business or meet legal requirements. The process for doing this isn't entirely simple, and it needs to be handled properly in order to avoid a serious misstep.
In addition, once you are done with the formal process required to make the changes to your articles of incorporation, the new documents may need to be published. Then, they will need to be recorded with the state -- through much the same process that you used when you incorporated in the first place. A mistake could create the potential for serious legal confusion and consequences down the line, which is definitely a headache that you do not need.
Under Arizona law, you need to amend the articles of incorporation for your LLC whenever:
- Any statement in your current articles of organization becomes inaccurate (other an address for the business or the name and address of the company's statutory agent)
- There's a change in members if you're a member-managed LLC (like many doctor's offices), or a change in managers if the LLC is manager-managed
- There's been a change in which members own 20% or more interest in a manager-managed company
Amending your LLC's articles of incorporation is a time-consuming process, which many owners prefer not to handle themselves. If you're interested in having someone perform the task for you, contact our office directly for more information about how we might be able to meet your needs.