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Do-It-Yourself Arizona Limited Liability Company Forms

Articles of Organization & Operating Agreement

All Do-It-Yourself  forms that we sell were created by Richard Keyt, Arizona contracts and LLC attorney for use only in Arizona.  All of our forms comply with Arizona law.  When you buy a Do-It-Yourself  form from us, you are buying an Arizona attorney prepared legal document.

Please read Richard Keyt's detailed explanation of how his form system works and why you should purchase his Arizona specific law forms.  We do not sell just forms.  We sell editable forms with instructions and information that dot the Is and cross the Ts because most legal forms require knowledge of the applicable law.

All Forms Include Detailed Instructions & a Sample Completed Form

Each form comes with detailed instructions on how to use the form and that explains important items of information you need to make the document work.  For example, see the detailed instructions for my Deed of Trust form.  Note all of the critical items of legal information contained in the instructions.  The instructions help to educate the purchaser about Arizona law and tell the purchaser what he or she must do for the form to comply with applicable Arizona law.

All Forms Are Sent Via Email & May Be Edited

When you purchase one of our Do-It-Yourself Arizona specific legal forms in our secure online store, we will immediately send you an email message with the form and instructions attached as a Microsoft Word 2003 file and a completed sample form attached as an Adobe pdf file.  All forms may be edited in Word or imported into another word processor. 

Low Prices for Attorney Created Arizona Legal Forms

Most of our forms are $27, $47, $97 or $147 depending on length and complexity.  These are bargain basement prices to pay for attorney prepared Arizona state specific legal documents.

Do-It-Yourself Arizona LLC Forms

1. Articles of Organization - Do-It-Yourself for $27:  Richard Keyt has prepared Articles of Organization for 2,400+ Arizona limited liability companies.  This form is essentially the same as the Articles of Organization Rick uses when he forms an Arizona LLC for a client.  Although the Arizona Corporation Commission has a fill in the blanks form Articles of Organization, Arizona LLC lawyer Richard Keyt never uses the ACC's form for the following reasons:

A.  The Articles of Organization is the fundamental document that creates your LLC. You know what they say about first impressions. The LLC's Articles of Organization is the primary document that makes a first impression of the LLC. Third parties sometimes want to see the LLC's Articles of Organization. For example, if you open a bank account in the name of the LLC or if the LLC applies for a bank loan, the banker will want a copy of the LLC's Articles of Organization. Your LLC's Articles of Organization can make a good impression or a bad impression on the banker.

B.  Richard Keyt's Articles of Organization contain provisions in the Section titled "Limitations on Company Action" that are not found in the Arizona Corporation Commission's two page fill in the blanks form. This section contains provisions that Arizona LLC attorney Richard Keyt believes are important limitations on the ability of the LLC to engage in certain actions.

C.  The last section of Richard Keyt's Articles of Organization called "Springing Member" contains a provision that ties into a similar provision in Richard's do-it-yourself Operating Agreement. The springing member provisions in the Articles of Organization and the Operating Agreement are especially important if the LLC has only one member and that member is a person. These two provisions may avoid the termination of an LLC that is owned solely by one person if that person were to die. Arizona law provides that if there is only one member of an Arizona LLC and that member is a person who dies, the LLC automatically terminates, i.e., ceases to exist. This could be a very bad thing! The termination of an LLC could have adverse consequences to the LLC and the person or people who would inherit the interest of the last deceased member. For example, the termination of the LLC could cause the recognition of income and incurrence of income taxes if the deemed distribution of assets of the LLC on its termination is a taxable event. The springing member provisions in the Articles of Organization that tie into similar provisions in Richard Keyt's Operating Agreement allow the LLC to name a springing member who becomes a temporary member only if the last member were to die. The sole purpose of the springing member is to prevent the termination of the LLC if the last member were to die. The springing member does not have any power or rights to receive money or property form the LLC.

To purchase Arizona LLC attorney Richard Keyt's custom Articles of Organization for $27 in editable Word 2003 format, click on the order button.  If you purchase Rick's custom form Articles of Organization, you can also purchase the digital version of Rick's Arizona LLC Quick Start Guide for $49, a $50 discount off the normal price.

2. Operating Agreement - Do-It-Yourself for $97:  Richard Keyt has prepared Operating Agreements for 2,400+ Arizona limited liability companies.  This form is essentially the same as the 40+ standard Operating Agreement Rick uses when he forms an Arizona LLC for a client.

Arizona law does not require an Arizona limited liability company to have an Operating Agreement, but Arizona LLC attorney Richard Keyt says every Arizona LLC should have one.  Richard has formed 2,400+ Arizona LLCs and prepared an Operating Agreement for every one of them.  Purchase Richard Keyt's 40+ page Operating Agreement in Word 2003 format that you can edit for your LLC.  We email the document to you along with detailed instructions and a sample completed Operating Agreement immediately after you purchase the form in our store.  See the detailed instructions the explains how to edit the Operating Agreement.

An Operating Agreement is an agreement signed by the sole member or all the members of a multi-member LLC (including a husband and wife owned LLC, which is a two member LLC).  The Operating Agreement is a critically important document because it sets out the rights and obligations of the members and the company with respect to each other.  For more on the importance of an Operating Agreement, see Richard Keyt's article called "Arizona Limited Liability Company Operating Agreement FAQ."

Here's a few of the many reasons every LLC should have an Operating Agreement:

1. It is the document that evidences (proves) who the members of the LLC are. The Articles of Organization filed with the Arizona Corporation Commission is some evidence of who the members of an AZ LLC are, but not determinative. The Operating Agreement prevents disputes over who owns the LLC and how much each party owns. I have had many people come to me for help when the members of their LLC disagreed over who was a member and/or what percentage of the LLC each member owned. These people formed an AZ LLC, but the members never signed an Operating Agreement. If your LLC has more than one member, how can any member prove what percentage of the LLC the member owns? The Articles of Organization may list all of the members, but it does not say how much each member owns. The Operating Agreement is the document that proves who the owners are and what percentage of the company each owns.

2. An Operating Agreement signed by the sole member / all members helps prevent a court from piercing the veil and holding the members liable for the debts of the LLC because a signed Operating Agreement is a positive fact that shows the members are treating their LLC as a business like any prudent business person would.

3. Many third parties may request to see a copy of the signed Operating Agreement. If the LLC signs a lease for real property, borrows money or buys or sells land, the landlord, lender and title insurance company will want to review a signed Operating Agreement.

4. A signed Operating Agreement creates a legal obligation for a member to contribute money or property to the LLC. Arizona law provides that a member of an AZ LLC is not obligated to contribute money or property to the LLC unless the obligation is in writing signed by the member. If you want to obligate a member to pay money to your LLC, the member's obligation should be set out in an Operating Agreement signed by that member.

Purchase the Articles of Organization, Operating Agreement and Quick Start Guide Bundle and Save $50

The per item purchase price for the Articles of Organization, Operating Agreement and Quick Start Guide is $223.  Purchase all three items together for $173 and save $50 off the per item purchase price.  Click on the Order Now Button below to purchase the three item bundle.

Disclaimer

The forms are sold "as is" without any representations or warranties.  Because using a form will create legal rights and obligations, we recommend that you consult with an attorney before using or editing a form.  The purchaser of a form does not become a client of Richard Keyt or the KEYTLaw, LLC, firm.  When you buy a legal form, you are buying a product, not legal services or legal advice.

KEYTLaw LLC Formation Records:  day: 17 (6/4/08); week: 27 (week ending 6/7/08); month: 64 (6/08); year: 425 (2007)

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To order attorney prepared change of member documents for your AZ LLC, click on the Transfer of LLC Interest Agreement link.

To order an attorney prepared Operating Agreement for your AZ LLC, click on the OA Questionnaire link.

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This page was last modified on May 23, 2010.

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