How to start an LLC in Arizona
- Name your Arizona LLC. …
- Choose your statutory agent. …
- Prepare and file articles of organization. …
- Receive a certificate from the state. …
- Create an operating agreement. …
- Complete publication requirements. …
- Get an Employer Identification Number.
How much does it cost to get an LLC in Arizona?
$50
The initial cost to start an LLC in Arizona is $50. This is the fee required to file your Articles of Organization with the state. There are other potential fees associated with starting your LLC, but the cost to file is $50.
How long does it take to get an LLC in Arizona?
Though processing times vary depending on the number of pending applications, it generally takes a little under two months to process an LLC registration in Arizona. Most applicants report the process takes 50 – 55 days. If time is of the essence, you can pay an additional fee for expedited processing.
Do I need to register my LLC in Arizona?
Your business must register with ADOR before conducting any taxable business activity in Arizona for transaction privilege tax (TPT) and withholding purposes.
How does an LLC work in Arizona?
To form an LLC, you file articles of organization with your state’s business filing office. In Arizona, that would be the Arizona Corporation Commission. Then, as an owner, you’ll be referred to as a “member,” and invest money or services in your LLC and in exchange for a percentage ownership.
How are LLCs taxed in Arizona?
Arizona – Must be filed by April 15th for a business operating on a calendar year, or by the 15th day of 4th month following the close of the fiscal year. LLC Tax Returns Arizona Tax: The corporate tax rate is 6.968% of net income. If the LLC elects to be taxed as a Corporation, the minimum tax will be $50.
Do I have to renew my LLC Every year in Arizona?
Unlike most other states, Arizona does not require LLCs to file annual reports.
What is the disadvantage of an LLC?
Disadvantages of creating an LLC
States charge an initial formation fee. Many states also impose ongoing fees, such as annual report and/or franchise tax fees. Check with your Secretary of State’s office. Transferable ownership. Ownership in an LLC is often harder to transfer than with a corporation.
How much is an AZ business license?
The price of a business license or permit can vary depending on the type of license, business location, processing fees and recurring fees. Phoenix charges an application fee from $24 up to $1,665 and a license/permit fee between $10 and $360, depending on the type of business.
Does a single member LLC need an EIN?
An LLC will need an EIN if it has any employees or if it will be required to file any of the excise tax forms listed below. Most new single-member LLCs classified as disregarded entities will need to obtain an EIN. An LLC applies for an EIN by filing Form SS-4, Application for Employer Identification Number.
How do I get a tax ID number in Arizona?
You must have a federal tax ID number, or EIN, in order to get an Arizona state tax ID number. You can go to a local Internal Revenue Service to apply or call the IRS directly. The exception to this is if you are a sole proprietor with no employees.
Where do I go to register my business name in Arizona?
To register a trade name, go to the Arizona Secretary of State’s website. You can also register “dba” or trade names with the County Recorder’s office.
How do I start a business with no money in Arizona?
If you have no cash but want to start a business in Arizona, you can apply for an SBA loan. The U.S. Small Business Administration (SBA) works with lenders to provide loans to Arizona-based small businesses.
Should I pay myself a salary from my LLC?
Do I need to pay myself a salary? If you’re a single-member LLC, you simply take a draw or distribution. There’s no need to pay yourself as an employee. If you’re a part of a multi-member LLC, you can also pay yourself by taking a draw as long as your LLC is a partnership.
Do I file my personal and LLC taxes together?
Single member LLCs are typically treated the same as sole proprietorships. The IRS disregards the LLC entity as being separate and distinct from the owner. Essentially, this means that the LLC typically files the business tax information with your personal tax returns on Schedule C.
Is Arizona Good for LLC?
Arizona LLC – How to Start an LLC in Arizona
How much does it cost to register a business in AZ?
Initial Arizona LLC Fees
| State Fee | State Filing Time | Expedited Filing Time |
|---|---|---|
| $85* | 3 Weeks | 4 Business days |
| State Fee | $85* | |
| State Filing Time | 3 Weeks | |
| Expedited Filing Time | 4 Business days |
Do you need a business license in Arizona?
Business License – Arizona does not issue nor require a state business license, however, most city/town offices issue business licenses.
How much does it cost to incorporate in Arizona?
How much does it cost to incorporate in Arizona? The standard filing fee for Arizona is $60 ($95 total if expedited processing is needed). Your Arizona corporation’s name must contain the words “association”, “bank”, “company”, “corporation”, “limited”, or “incorporated”, or an abbreviation of one of those words.
What is a domestic LLC in Arizona?
What Is an Arizona Domestic LLC? An Arizona Domestic LLC is a type of limited liability company recognized by the state of Arizona. The other type of LLC is the foreign LLC. Both function as LLCs in that they are pass-through entities that benefit from the limited liability corporations have.
Why do I need an LLC in Arizona?
The key benefit of running a limited liability company (LLC) in Arizona is limited liability protection. Limited liability can protect your personal assets in the event your business is sued or cannot pay its debts. Other Arizona LLC benefits include: Pass-through taxation.
Is Arizona a good state for LLC?
The primary advantages of forming an LLC in Arizona are: Easy to Form – With less paperwork and less expenses, formation of an LLC is easier than other business structures. Once the initial paperwork is filed, additional requirements are minimal.