Limited Liability Company

Form Your Arizona LLC.

What is an LLC?

A limited liability company or “LLC” has become the most popular type of business entity in the past few years, beating out the long standing reign that a corporation once held.  An Arizona LLC combines the limited liability of a corporation and the tax flexibility of a partnership.  An LLC may be taxed as a sole proprietor (disregarded entity) if a single member entity, a partnership or as a corporation.  If the entity is taxed as a partnership, each member’s profits and losses flow through to the members’ individual tax returns, therefore a separate tax return is not necessary for an LLC taxed as a disregarded entity or a partnership.

An LLC can provide asset protection and limit a member’s liability to the assets of the LLC, rather than the assets of the individual members of the LLC.  In other words, if you are doing business as a sole proprietor and you get sued by a creditor, your home, car, bank accounts and stocks would be exposed to the liability owed to the creditor.

  • Personal asset protection from the company’s liability
  • Managed by a manager or members
  • Taxed as a corporation, partnership, or sole proprietor
  • Greater credibility as a business
  • Less formal record keeping than a corporation
  • A citizen from another country can be a member of an LLC with little inconvenience, whereas, a shareholder of a corporation must be a resident or citizen of the United States.   Additionally, an LLC has fewer corporate formalities since it is generally not required by law to do annual minutes or document major changes in the corporation.

    A corporation has directors and officers of the company who must be individuals and may not be a business entity or a trust.  An LLC’s manager may be a business entity or trust.  This can be useful in some states when trying to create anonymity and/or asset protection.

    There are some occasions when an LLC may not protect you from personal liability.  This can be when negligence is involved, co-mingling of personal and company funds, or when you have personally guaranteed a loan.

    Finally, as an LLC, your business will be regarded as having more credibility than that of a sole proprietorship.  A formal business entity will demonstrate your commitment to the business and to those with whom you do business.

    Limited liability company packages starting at $499 for a single member company, plus any filing or publishing fees. Includes a web or phone conference meeting.

    *Personal meetings available for an additional charge.

    Get Started Now:
    1. Download & complete the questionnaire – you may fax {888-761-2117} or e-mail the completed questionnaire to us or provide us with all relevant information that we will need to prepare your documents.
    2. We will begin preparing your documents –  documents will be prepared and mailed to you with instructions for completion, or you may choose to meet with us to review the documents and sign at that time.

    NOTE: Adobe Acrobat Reader is required to download and open the questionnaire file below. Adobe Acrobat Reader is a free program by Adobe Systems found here.

    *The information provided on this web site is for general information only. If you need legal advice, please consult an attorney.  Paralegal Consultants, Inc. is an Arizona Certified Legal Document Preparer, certified by the Arizona Supreme Court. An LDP is neither an attorney nor employed by an attorney and therefore, we cannot provide legal advice, opinions, or recommendations to you. However, an LDP may provide general information pertaining to the documents being prepared on behalf of the client. *
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