An Arizona LLC operating agreement is drafted by the members of a limited liability company to put into writing the entity’s ownership structure, operating procedures, and governing policies. The agreement serves as an internal guide for conducting business and addresses matters such as annual meetings, member rights, tax reporting, and profit distribution.
An Arizona LLC operating agreement is drafted by the members of a limited liability company to put into writing the entity’s ownership structure, operating procedures, and governing policies. The agreement serves as an internal guide for conducting business and addresses matters such as annual meetings, member rights, tax reporting, and profit distribution.
No – Arizona LLCs aren’t required to draft an operating agreement, but doing so is encouraged for the organizational and legal benefits it provides.
 Single-Member LLC Operating Agreement – Designed specifically for LLCs with only one owner.
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 Multi-Member LLC Operating Agreement – Organizes and structures the internal affairs of an LLC with multiple owners.
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