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LLC cost in arizona is very useful to know, many guides online will produce an effect you about LLC cost in arizona, however i suggest you checking this LLC cost in arizona . I used this a couple of months ago as soon as i was searching on google for LLC cost in arizona
![LLC Arizona]
How Much is LLC Cost in Arizona? is completely useful to know, many guides online will accomplish you more or less How Much is LLC Cost in Arizona?, however i recommend you checking this How Much is LLC Cost in Arizona? . I used this a couple of months ago later than i was searching upon google for How Much is LLC Cost in Arizona?
If you are considering starting a business in Arizona, one of the most important decisions you will have to make is choosing the right business structure. One popular option is a Limited Liability Company (LLC). An LLC provides entrepreneurs with liability protection, flexibility, and a straightforward tax structure. But how much does it cost to form an LLC in Arizona? Let's explore the costs associated with setting up an LLC in the state of Arizona.
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Formation Filing Fees
The first cost you will encounter when forming an LLC in Arizona is the formation filing fee. This fee is paid to the Arizona Corporation Commission (ACC), which is the state agency responsible for regulating businesses. As of June 2021, the filing fee for an LLC in Arizona is $50. This fee is non-refundable and must be paid at the time of filing your Articles of Organization.
Articles of Organization
The Articles of Organization is the official document that establishes your LLC with the state. It contains essential information such as the name of the LLC, the duration of the LLC, the name and address of the registered agent, and the names and addresses of the LLC members.
To file the Articles of Organization in Arizona, you can do it online by visiting the ACC's website or by mailing a completed paper form. If you choose to file online, you can use the ACC's eCorp system, which requires you to create an account and pay the filing fee electronically. If you decide to mail a paper form, you will need to include a check or money order for the filing fee and mail it to the ACC.
While the filing fee is $50, please note that there may be additional fees for expedited processing or other optional services. These fees can range from $35 to $100 depending on the level of service and processing time you require.
Name Reservation
Before filing your Articles of Organization, you may want to reserve your LLC name to ensure that it's available and not already in use by another business entity. In Arizona, you can reserve an LLC name for 120 days by filing a Name Reservation Request with the ACC. The fee to reserve a name is $10, and it can be done online or by mail.
Publication Requirement
Unlike some other states, Arizona does not have a publication requirement for LLCs. In some states, newly formed LLCs are required to publish a notice in one or more local newspapers for a specified period. This requirement can add significantly to the setup costs. However, Arizona does not have this requirement, which makes forming an LLC more cost-effective.
Ongoing Costs
In addition to the formation fees mentioned above, LLCs in Arizona also have ongoing costs to maintain their LLC status and comply with state regulations. Some of the typical ongoing costs include:
- Annual Report: LLCs are required to file an Annual Report with the Arizona Corporation Commission. The report fee is $10 and must be filed on an annual basis.
- Business License: Depending on the nature of your business, you may need to obtain additional licenses and permits. The cost and requirements for business licenses vary depending on your industry and location.
- Tax Filing: LLCs in Arizona are subject to state and federal tax obligations. Although Arizona does not impose a specific LLC tax, members of the LLC may be responsible for reporting profits and losses on their individual tax returns.
Conclusion
Forming an LLC in Arizona can be an affordable and straightforward option for entrepreneurs looking to establish a business while enjoying personal liability protection. The total cost of forming an LLC in Arizona includes the $50 formation filing fee, potential additional fees for expedited services, and ongoing costs for annual reports, business licenses, and tax obligations.
However, it's worth noting that this article provides general information and does not constitute legal or financial advice. If you're considering forming an LLC in Arizona, it's always recommended to consult with an attorney or a trusted professional to understand the specific costs and requirements based on your unique situation.
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