When signed by a spouse who is an Arizona resident this document causes the other spouse to become the owner of an Arizona LLC as separate property rather than community property. Warning: Arizona law provides that if one spouse of an Arizona married couple acquires an interest in an LLC both spouses automatically own a community property interest in the LLC whether or not both spouses are named in the Articles of Organization or the Operating Agreement.
Disclaimer of an Interest in an Arizona LLC
$47.00
Description
An Arizona resident who acquires an ownership interest in an Arizona LLC while married will automatically own it as community property with his or her spouse unless the LLC interest was acquired as a gift or inheritance or the non-owner spouse signs a disclaimer in which he or she acknowledges that the owner spouse owns the LLC interest as his or her separate property.
This Disclaimer of a Membership Interest in an Arizona LLC form when completed, signed by the non-owner spouse and notarized will have the following legal consequences:
- The owner spouse will own 100% of the LLC membership interest as his or her sole and separate property.
- The non-owner spouse will own none of the LLC membership interest.
The form is an Adobe pdf fillable form that you may download immediately after your purchase. Just fill in the blank spaces on the form, print it and present the Disclaimer to the non-owner spouse for his or her signature.
To learn more about this issue see Arizona LLC attorney Richard Keyt’s article called “How Do I Acquire an Ownership Interest in an Arizona LLC as Separate Property?”
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.
Only logged in customers who have purchased this product may leave a review.
Reviews
There are no reviews yet.