LLCs Can Be Fined $500/Day
A federal law called the Corporate Transparency Act effective January 1, 2024, requires almost all U.S. companies to file a FinCEN Beneficial Owner Information report with the Financial Crimes Enforcement Network of the U.S. Treasury (“FinCEN“) or the company can be fined $500 a day for a late report. Companies formed before 2024 must file no later than December 31, 2024. To hire our sister company FinCEN Filer, LLC, to file a FinCEN BOI report go to https://fincenfiler.com/buyreport. Companies formed in 2024 must file their FinCEN BOI report within 90 days of their formation date. If you buy our Silver or Gold LLC formation package we will file your company’s FinCEN BOI report.
The Keyts own a company called FinCEN Filer, LLC, that files FinCEN BOI reports. To learn more about the Corporate Transparency Act read How to Avoid the $500/Day Fine and articles and blog posts on FinCEN Filer’s website. Watch these FinCEN Filer videos: 1. What Info Must be Reported, 2. Definition of Beneficial Owner, 3. What Beneficial Owner Information is in a FinCEN BOI Report, 4. Alert: Legal Consequences of Filing a False FinCEN Report, and 5. Our FinCEN BOI Report Services.
We File FinCEN BOI Reports
If you buy our Silver or Gold LLC formation package our service includes us filing the company’s FinCEN Beneficial Owner Information report so your company won’t be fined $500 a day for each day the report is overdue. We’ll get your new Arizona LLC or PLLC approved by the Arizona Corporation Commission in less than 24 hours. You can open the company’s bank account and start doing business immediately. Arizona LLC attorneys Richard Keyt and his son former CPA Richard C. Keyt have formed 9,300+ Arizona LLCs & PLLCs. The Keyts have 253 five-star Google reviews and a total of 373 five-star online reviews.
We have three formation packages and prices: Bronze $497, Silver $897 + FinCEN Beneficial Owner Information Report filing (our most popular LLC) & Gold $1,397 + FinCEN Beneficial Owner Information Report filing that includes a revocable living trust that owns the LLC and it can own any of your other assets. The Gold LLC is our confidential LLC for people who don’t want their name or address on the public record. The trust provides who inherits the LLC and other trust assets without the need for an expensive probate if you die. To hire us to form an LLC call 480-664-7472 or submit our online formation questionnaire at https://azllc.com/llcq
Hire us to form your Arizona LLC or PLLC and get it approved by the Arizona Corporation Commission today. All you have to do is open the LLC’s bank account and start doing business immediately.
To form an AZ LLC now or to schedule a free phone call, office, or video meeting with LLC attorneys Richard Keyt or his son Richard C. Keyt call:
- Richard Keyt (Rick, the father) call or text Rick 24/7 at 480-664-7478 or make an appointment with him on his online calendar.
- Richard C. Keyt (Ricky, the son) call or text Ricky at 480-664-7472 or make an appointment with him on his online calendar.
Arizona LLC attorneys Richard Keyt and his son former CPA Richard C. Keyt have formed 9,300+ Arizona LLCs & PLLCs because people love their low priced, high quality LLC formation services. See their 253 five star Google reviews and 373 five star online reviews.
Our Intro Video
Armando Roman’s Testimonial
Kevin Lane’s Testimonial
Warning: Your LLC Must File a FinCEN BOI Report or Be Fined $500/Day
A federal law called the Corporate Transparency Act that became effective on January 1, 2024, requires all “reporting companies” to file a report with the Financial Crimes Enforcement Network of the U.S. Treasury (“FinCEN”) that discloses information about the reporting company, all of its beneficial owners, and the reporting company’s “applicant” if the company was formed after 2023. If a reporting company fails to file a FinCEN BOI report on or before the report’s due date the U.S. Treasury can fine the company $500 a day until the company files its report. The CTA also has criminal penalties of up to two years in jail for willful violations of the law. To learn about this law go to our informational article called “Warning: Your LLC Must File a FinCEN BOI Report or Be Fined $500/Day” and to FinCEN Filer, LLC’s, blog page and YouTube channel. To hire our sister company FinCEN Filer, LLC, to prepare and file a FinCEN BOI report go to its services page.
Arizona LLC Formation Services
Arizona LLC attorneys Richard Keyt and his son former CPA Richard C. Keyt have formed Arizona LLCs because they provide great LLC formation services for less $ than document preparers and other lawyers. The Keyts will form your LLC and get it approved by Arizona the same day you pay them and approve your LLC formation questionnaire. All you have to do is open the LLC’s bank account and start doing business. See our five-star Google reviews and our five-star online reviews. The Keyts want to form your new Arizona LLC or PLLC.
They also prepare Operating Agreements for existing LLCs that eliminate the harms described in their article called “20 Ways You Can Be Harmed if Your Arizona LLC Lacks a Well-Written Operating Agreement.” To hire the Keyts to form a new Arizona LLC complete our LLC formation questionnaire. To buy a custom Operating Agreement complete our Operating Agreement questionnaire.
In the video below, Arizona LLC attorney Richard C. Keyt describes the 30+ services we provide when people buy our Bronze ($497), Silver ($897 – our most popular package) & Gold LLC ($1,397) formation packages. The Gold LLC, aka the confidential LLC, includes a revocable living trust we draft for you that keeps your name and address off the records of the Arizona Corporation Commission. The trust can own any of your assets, including your home and investment accounts. On your death or the death of the second spouse, if you have a joint husband and wife trust, the assets in the trust pass automatically to the person or people you name in your trust agreement without needing an expensive, time-consuming public probate. The Silver & Gold packages include us filing the LLC’s FinCEN Beneficial Owner Information Report required by the Corporate Transparency Act not later than 90 days after the LLC is formed to avoid the $500/day late filing fine.
Contents of KEYTLaw’s 3 LLC Formation Packages
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Same Day Filing of Articles of Organization & ACC Approval
How to Hire Us to Form an Arizona LLC
See the contents and prices of our 3 LLC packages. Two ways to hire us:
- Call Arizona LLC attorney Richard Keyt at 480-664-7478 and give him your LLC information or get free answers to your LLC questions. You can also book an appointment for a phone call using Richard’s online scheduling calendar or
- Submit our online LLC formation questionnaire.
Free DocuSign Digital Signing of Your LLC’s Operating Agreement
When we form an Arizona LLC or PLLC we email the company’s Operating Agreement to all the members so each member can sign it digitally using DocuSign’s secure eSignature system. No need for people to sign a paper Operating Agreement in these coronavirus times. When everybody has digitally signed DocuSign will send all members an email that has the fully signed Operating Agreement attached as a pdf file.
All of Our Legal Services Can Be Purchased Online
- See the many legal services we provide.
- Buy a custom drafted Operating Agreement.
- Buy a custom drafted Buy Sell Agreement.
Why You Should Hire the Keyts to Form Your Arizona LLC
- People Love Our LLC Formation Service: See our 253 five star reviews on Google & Birdeye.
- We file the company’s FinCEN Beneficial Owner Information report for Silver & Gold LLC formation package buyers.
- Same Day Filing & ACC Approval: We will file your company’s Articles of Organization and get it approved by the Arizona Corporation Commission the same day we are hired and paid.
- Members Digitally Sign the Operating Agreement: All members digitally sign the LLC’s Operating Agreement via DocuSign’s eSignature secure system. When all members have signed DocuSign sends each member a pdf file of the fully signed Operating Agreement.
- Low Prices: Our three LLC formation packages are the Bronze LLC for $497, the Silver LLC for $897 (our most popular LLC) & the Gold LLC for $1,397 (the confidential LLC for people who don’t want their name or address on the public record). See the contents of our three LLC packages.
- LLC Attorney Phone Help: Richard Keyt will answer your LLC questions for free at 480-664-7478.
- Corporate Transparency Act Compliant Operating Agreement (nobody else will give this information to you): Your Operating Agreement will explain this federal law and its requirement that your company must report information about its beneficial owners to the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) or be fined $500/day.
- Peace of Mind: Your LLC will be formed by experienced Arizona LLC attorneys who have formed 9,300+ Arizona LLCs.
- IRS Employer ID Number: We get the LLC’s employer ID number (EIN) from the IRS (Silver & Gold LLCs).
- Arizona LLC Operations Manual: Silver & Gold LLCs get our 170-page e-book that contains the answers to the LLC operational questions people frequently ask us after we form their LLC.
- Post Formation Checklist: This checklist describes 34 important tasks that must be performed in the first 75 days after forming an LLC (Silver & Gold LLCs).
- Unique Arizona LLC Alert System: We send the members 50 informational email messages that remind them to accomplish important post-formation tasks (Silver & Gold LLCs).
- Do-it-yourself LLC Legal Audit: 83 questions, 32 tasks and 29 alerts that will tell you the legal health of your LLC (Silver & Gold LLCs).
- PDF Copies of LLC Documents: We email digital pdf copies of the Articles of Organization & the Operating Agreement to the members.
- All Your Documents in a Portfolio: We send you a high-quality portfolio with all of your LLC documents organized behind tabs (Silver & Gold LLCs).
Keyt vs LegalZoom
Alert for People Thinking about Forming a New Arizona LLC: If you are thinking of hiring LegalZoom to form your new Arizona LLC do yourself a big favor and read this article that explains in detail why you should hire Richard Keyt instead and pay a lot less for similar services. There are a lot of reasons why Richard has 373 five star reviews on Google, Facebook & Birdeye.
Common LLC Mistakes
Get a free copy of an Arizona LLC attorney’s article called How to Avoid 15 Common LLC Mistakes. In representing 9,300+ Arizona LLCs since 1992 LLC attorney Richard Keyt has seen people make these same 15 LLC mistakes over and over. Richard wrote this informative article so people can learn about the fifteen common LLC mistakes so they can avoid making them.
The Confidential LLC
To keep your name & address off the public records of the ACC when you form an Arizona LLC buy our $1,397 Gold LLC package. We create a revocable living trust to own the LLC so only the trust’s name is on the public record and the address of the trust and the LLC is our address. The trust also avoids probate & transfers your LLC automatically to your loved ones on your death.
KEYTLaw’s Youtube Channel
Our Youtube channel contains more than 70 educational videos that explain issues that arise when forming and operating Arizona LLCs. Our Youtube channel has a series of videos that demonstrate how to prepare the most commonly used Arizona Corporation Commission forms and how to search the ACC’s online database to find information about LLCs and their members & managers. Be sure to subscribe to get notices of new videos and like our videos.
Purchase an Operating Agreement
All Arizona LLCs need a custom Operating Agreement drafted by an LLC attorney who has prepared 9,300+ Operating Agreements. See Arizona LLC attorney Richard Keyt’s article called Protect Yourself: 20 Ways You Can Be Harmed if Your Arizona LLC Lacks a Well Written Operating Agreement to learn why your AZ LLC must have a good Operating Agreement. Hire him by completing his online questionnaire. His two Operating Agreements are $297 for a one member LLC or an LLC owned by a married couple and $797 for a multi-member LLC.
Corporate Transparency Act
This new federal law requires that beginning January 1, 2022, almost ALL LLCs, corporations and limited partnerships (including yours) file a report that names their beneficial owners, birth date, address & driver’s license or passport number with the U.S. Treasury’s Financial Crimes Enforcement Network (FinCen) or be liable for a $500/day fine and possible criminal penalties. Learn more about the CTA and how to avoid the $500/day penalty.
Changing LLC Members
To add or remove a member of an LLC or change the percentage ownership of a member the member(s) must document the change by filing an amendment to the Articles of Organization with the Arizona Corporation Commission and the sign an amendment to the Operating Agreement. Warning: If a member terminates the member must sign a document that proves there was a transfer on a specified date.
Hire Us to be Statutory Agent
Hire KEYTLaw, LLC, to be the statutory agent (called a resident agent in many states) of your Arizona or non-Arizona LLC or corporation for $99/year. If your LLC doesn’t have an Arizona address for its required place of business in Arizona or if you don’t want to use your home address purchase our address service for $100/year so the address of the LLC and its members on the ACC’s records can be our address.
Client Testimonials
In forming 9,300+ Arizona LLCs we have had thousands of happy clients. A few testimonials are shown below, but here is how to access the complete list of satisfied LLC purchasers:
- 373 five star Google & Facebook reviews (we recently started asking people to give us a Google review)
Arizona Increases Its Minimum Wage to $14.70/Hour in 2025
The U.S. Bureau of Labor Statistics published its Consumer Price Index report on September 11, 2024, that says Arizona's mimimum wage effective January 1, 2025 will be $14.70 an hour. The 2024 minimum wage is $14.35 an hour. The 35-cent minimum wage increase is directly tied to the latest CPI report, which showed a 2.5% increase in inflation from August 2023 to August 2024.
What Is an LLC Distribution?
A distribution from a limited liability company (LLC) is a payment of cash or property made by an LLC to the LLC’s owners, also known as members. Although state law sets forth certain default rules, LLC members can specify in the LLC’s operating agreement when and how profits are allocated, distributed, and taxed. Distribution Method and Timing Under the default rules provided by most state LLC statutes, an LLC is not required to make any distributions to members before they withdraw from the LLC or it is dissolved. It is prudent for LLC members to create an operating agreement that [...]
Do I Put My LLC’s Name on Line 1 of an IRS Form W-9
Question: I am completing IRS Form W-9, Request for Taxpayer Identification Number and Certification. Line 1 says "Name of entity/individual." I am completing the W-9 for my single-member LLC. What do I put in line 1? Answer: For a sole proprietor or disregarded entity, enter the owner’s name on line 1, and enter the business/disregarded entity’s name on line 2.
Warning for All LLCs Regardless of When They Were Formed
Corporate Transparency Act
On January 1, 2022, a federal law called the Corporate Transparency Act (CTA) became effective. This law requires almost ALL U.S. entities to file a report about the company and its beneficial owners with the Financial Crimes Enforcement Network (“FinCen”) of the U.S. Treasury. Reporting companies that fail to file the report or that file an incomplete report can be fined $500/day.
Reporting companies created before January 1, 2024, must file their FinCEN report before January 1, 2025. Reporting companies created after December 31, 2023, have 90 days after their creation date to file their FinCEN report. All reporting companies have 30 days to report changes to the information in their previously filed reports and must correct inaccurate information in previously filed reports within 30 days of when the reporting company becomes aware or has reason to know of the inaccuracy of information submitted in an earlier report.
If you have any reporting companies we recommend that you hire FinCEN Filer, LLC to prepare and file your company’s FinCEN report.
To learn how to avoid the CTA’s nasty penalty see our articles called “Your Entity May be Fined $500/Day If It Does Not File a FinCen Report” and “What to Do Now.”
All LLCs we form include an Operating Agreement that explains the CTA and how to comply with the new law and avoid the $500/day fine.
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