Even while beginning a business is an exciting moment in one’s life, it may also be intimidating, particularly when determining the expenditures involved in forming an LLC. The price to create an LLC in Arizona varies depending on a few things. This post will cover the price of creating an LLC in Arizona as well as other crucial details about LLCs.
In Arizona, creating an LLC costs $50. When submitting the Articles of Organization to the Arizona Corporation Commission, this cost is paid. However, there is an additional $35 cost if you decide to expedite your submission. It’s also vital to keep in mind that running your LLC entails additional costs, like as taxes and annual report fees.
Choosing an agent for your business is a crucial step in incorporating an LLC. An agent for an LLC is a person or business that has been given permission to accept legal documents and other vital information on behalf of the LLC. This person or business is also referred to as a statutory agent or a registered agent. In order to receive such documents, this person or firm must have a physical address in the state of Arizona and be accessible during regular business hours.
A person or business that has been given permission to act on the LLC’s behalf is known as an authorized agent. Making choices and signing documents are examples of this. It is significant to remember that the authorized agent and the agent for service of process are not always the same person.
You must first select a name for your LLC and confirm that it is available for use before you can submit articles of formation in Arizona. Searching the internet database of the Arizona Corporation Commission can allow you to achieve this. You must submit the Articles of Organization to the Arizona Corporation Commission after deciding on a name. The name, address, and contact information for your LLC’s agent for service of process are all included in this document.
You are permitted to act as your own LLC’s statutory agent in Ohio. To receive legal documents and other crucial information on behalf of your LLC, you must be accessible during regular business hours. This is a critical responsibility that you must keep in mind.
To sum up, it costs $50 to incorporate an LLC in Arizona, plus extra money for fast processing and continuing upkeep. A crucial step in creating an LLC is appointing an agent to receive service of process, along with submitting the Articles of Organization to the Arizona Corporation Commission. You are permitted to act as your own statutory agent while forming an LLC in Ohio, but there are obligations associated with this.