Articles of Organization

Description

Purchase Arizona LLC attorney Richard Keyt’s Articles of Organization for an Arizona limited liability company.  Immediately after purchasing this document you will be able to download the following files to your computer:

1. Articles of Organization for a Member Managed Arizona LLC in editable Word 2007 format.
2. Sample completed AOO for a Member Managed Arizona LLC in Adobe .pdf format.
3. Articles of Organization for a Manager Managed Arizona LLC in editable Word 2007 format.
4. Sample completed AOO for a Manager Managed Arizona LLC in Adobe .pdf format

To form an Arizona limited liability company you must prepare and file Articles of Organization with the Arizona Corporation Commission and pay the filing fee.  Richard Keyt has prepared Articles of Organization for the 4,000+ Arizona limited liability companies he has formed.  This form document is essentially the same as the Articles of Organization Richard Keyt currently uses when he forms an Arizona LLC.  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:

• 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.  Compare the fill in the blanks Arizona Corporation Commission form Articles of Organization vs. professional looking custom Articles of Organization and ask which makes a better first impression on the third parties your LLC will deal with?

• 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.

• 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.

Note:  If you purchase this form you should also purchase our Operating Agreement that contains provisions that relate to corresponding provisions in the Articles of Organization.

Disclaimer:  If you purchase this form, you are buying a product from Richard Keyt and KEYTLaw, LLC. (collectively the “Firm”), and you are not hiring the Firm to provide any legal services or legal advice or represent you in any capacity.  If you modify the form in any way, you are solely responsible for the legal affect of the changes you make.  The form is drafted to comply only with Arizona law because Arizona is the only state where Richard Keyt is licensed to practice law.   Do not use this document in any state other than Arizona without first having it reviewed and modified as necessary by an experienced attorney in the state where you intend to use the form.  The Firm makes no representations or warranties of any kind with respect to this form.  The Firm disclaims all warranties for fitness for a particular purpose.