If you’re an Arizona LLC owner moving or changing locations, you’ll need to update the address on your LLC. By following these steps, you may make sure that your LLC keeps a clean record with the Arizona Corporation Commission (ACC) and other governmental organizations. We’ll go over how to update your LLC’s Arizona location in this article and handle some associated queries.
An LLC’s registered address with the Arizona Corporation Commission (ACC) is referred to as its statutory address. It serves as the location for legal notices sent to your LLC, such as court summonses or tax documents. The physical business address and the statutory address can be different.
An LLC may be run by its owners or by an outside manager. The members of an LLC that is controlled by its owners oversee day-to-day business activities. In an LLC that is managed by its members, the manager is chosen by them to oversee daily activities.
To alter your LLC’s Arizona address, take the following actions:
1. Revise Your Operating Agreement: If your LLC is administered by a manager, make the necessary changes to the operating agreement to reflect the address change. Update the member records with the new address if your LLC is member-managed.
3. Publish Notice: You don’t need to publish a notice if your LLC was established after August 31, 2019. To alter your LLC’s address, you must publish a notice in a newspaper in the county where your LLC is located if your LLC was created before August 31, 2019. For three weeks in a row, the notice must be published once each week.
4. Refresh Local and State Organizations: Update your LLC’s address with regional and national organizations, including the Department of Revenue, the Secretary of State, and the business license office in your city or town.
The ACC may remove your LLC’s status as an LLC if your LLC was created before August 31, 2019, and you fail to publish a notification of your LLC’s address change. As a result, your LLC might no longer enjoy legal protection and might start to be viewed as a sole proprietorship or partnership. To avoid any legal complications, the notification must be published.
Arizona taxes LLCs like pass-through businesses. This means that the LLC’s owners are taxed on their individual tax returns for the LLC’s gains and losses. Arizona also levies a $50 yearly LLC tax on LLCs.
Finally, relocating your LLC’s address in Arizona is a simple procedure. You should change your operating agreement, submit an amendment to the ACC, publish a notice (if necessary), and inform regional and national organizations. To keep out of trouble with the law, remember to publish the notification. Consult a tax expert or business attorney if you need advice or have any issues.
The cost of founding an LLC in Arizona is not mentioned in the article “Changing LLC Address in Arizona: A Step-by-Step Guide”. However, according to the website of the Arizona Corporation Commission, there may be additional fees for legal or professional services in addition to the $50 registration fee for an LLC.
The drawback of an LLC is not discussed in the article “Changing LLC Address in Arizona: A Step-by-Step Guide” in any detail. An LLC may, however, be subject to double taxation, in which case both the business and its shareholders are subject to tax on the same revenue. Additionally, compared to a sole proprietorship or partnership, LLCs often involve more paperwork and formalities.