Get the free Single-member Limited Liability Company Operating Agreement

This document outlines the operating agreement for a Single-Member Limited Liability Company (LLC) formed in the State of Arizona. It covers company formation, capital contributions, profits and losses, management responsibilities, and provisions for dissolution, ensuring compliance with Arizona\'s Limited Liability Company Act.

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What is single-member limited liability company?

A single-member limited liability company (SMLLC) is a type of business entity that combines the liability protection of a corporation with the tax flexibility of a sole proprietorship. It has only one owner, known as a member, who enjoys limited personal liability for business debts and obligations.

Who is required to file single-member limited liability company?

Any individual or business entity that wants to establish a single-member limited liability company must file the appropriate formation documents with the state in which they plan to operate. Typically, this includes providing information about the business name, address, and the individual owner.

How to fill out single-member limited liability company?

To fill out the formation documents for a single-member limited liability company, you need to provide details such as the company's name, the name of the member, the registered agent's information, and the business address. You may also need to include an operating agreement, although it is not always required.

What is the purpose of single-member limited liability company?

The purpose of a single-member limited liability company is to provide the owner with a flexible business structure that offers personal liability protection while allowing for pass-through taxation. This means the company's income is reported on the owner's personal tax returns, avoiding double taxation.

What information must be reported on single-member limited liability company?

The information that must typically be reported when forming a single-member limited liability company includes the company's name, the name of the sole member, the registered agent's name and address, the business address, and, in some cases, an operating agreement or articles of organization.