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How long does it take to form an LLC?

We file the Articles of Organization on an expedited basis. Usually, it is about 7 days before you may begin operating as an Arizona LLC. The LLC is completely formed after the Notice of Filing has been published.

Do I have to publish a Notice of Filing?

Yes, otherwise the Corporation Commission with show your Arizona LLC as a limited liability company that is not in good standing.

What is an EIN number?

An EIN number is similar to a social security number for an individual. The EIN number is a tax id number or "social security number" for an LLC. One reason to apply for an EIN number is so that a bank can open a bank account for the LLC.

What else does a bank need to open a bank account?

Bank requirements vary. All need to have the EIN number and a copy of the filed Articles of Organization. Some require the Operating Agreement as well.

Do I need an Operating Agreement?

No. It is not required to form an Arizona limited liability company.

Do I need to file an annual report every year?

No. That's one of the advantages of having an Arizona limited liability company. An annual report is not required for an LLC but is required for an Arizona Corporation.