If you created an Arizona Limited Liability Company (LLC), you might be asking if it is in good standing. It’s crucial to keep your LLC in good standing if you want to make sure that your company is compliant with the law and runs properly. We’ll go over how to check your Arizona LLC’s status in this article as well as what you can do to keep it in good standing.
Let’s first talk about how to create an LLC in Arizona before we get into maintaining one. Articles of Organization and a $50 filing fee must be submitted to the Arizona Corporation Commission (ACC) in order to establish an LLC there. The articles of organization may be submitted in person, via mail, or online. You ought to get a Certificate of Organization from the ACC after filing. Once you get the certificate, you can create a business bank account, contact the IRS for an Employer Identification Number (EIN), and begin running your company.
You do not have to publish your LLC in Arizona if you formed it after August 31, 2019. A notice of LLC formation must be published in a newspaper in the county where your LLC is located if it was created before that time. This announcement should be distributed for three weeks in a row. You must submit an Affidavit of Publication to the ACC upon publication.
How Long Is an LLC in Arizona Valid? An Arizona LLC can exist indefinitely and has no set duration. To keep your LLC in good standing, you must submit an annual report to the ACC each year. The deadline for filing an annual report is the month after the anniversary of your LLC’s incorporation, and the annual report price for an Arizona LLC is $45. Do I Need a Certificate of Good Standing from Arizona?
Your LLC’s good standing with the state of Arizona is confirmed by an Arizona Certificate of Good Standing, also known as a Certificate of Existence. This certificate may be required to sign contracts, apply for company loans, or form your LLC in another state. By submitting an application to the ACC and paying a $10 fee, you can get a Certificate of Good Standing.
In conclusion, keeping your LLC in good standing in Arizona is essential for the growth of your company. By accessing the database of the Arizona Corporation Commission, you can determine the status of your LLC. You must submit annual reports, make timely payments of fees, and follow state laws in order to keep your LLC in good standing. You can speak with a professional service provider or an attorney who focuses in LLC creation and maintenance if you require any help.
Arizona does indeed permit single-member LLCs. Arizona is really one of the most popular states for establishing a single-member LLC because of its welcoming business environment and affordable filing costs.