Question: Are there limitations on who can own a membership interest in an Arizona limited liability company?
Answer: No. Arizona limited liability company law does not restrict either the type of person or entity that can own an interest in an Arizona LLC or the citizenship or residence of an LLC owner. Arizona LLCs can be owned by one person, multiple people, one entity, multiple entities or any combination thereof. All of the following types of entities can own an interest in an Arizona limited liability company:
- trust
- corporation (for profit)
- nonprofit corporation
- limited liability company (LLC)
- limited partnership (LP)
- limited liability partnership (LLP)
- limited liability limited partnership (LLLP)
- general partnership (GP)
- joint venture (JV)
Any or all of the owners of an Arizona LLC can be non-U.S. citizens and non-U.S. residents.
Biz Filings is stating that my Delaware LLC can not be listed as the sole member of the AZ LLC I am trying to start at the AZ Corp Comission, Any truth to that I could not find any at the AZ Corp Comm.
You should not seek legal advice from somebody who is not licensed to practice law in the applicable jurisdiction and who also practices in the area of law that applies to your issue. Of course a Delaware LLC can be the sole member of an Arizona LLC. If the doc preparer doesn’t know this fact you should wonder what else he/she doesn’t know about Arizona LLC law.