Arizona Limited Liability Company Questionnaire

Arizona LLCs we filed June 29th, 2009 have been processed by the Corporation Commission.

Please provide at least one name for your company.
You can provide up to 3 names (in order of preference).

This can save time in the formation process if there are any problems or conflicts with using the first selection.

The name of the company needs to be appended with a "limited liability designation".

Examples of permissible designations include:
"LC, LLC", or "limited liability company" spelled out.

You can add as many as four LLC Managers in this section.
List all persons who have management rights, even if they are not owners.

An LLC Manager does not necessarilly have a legal right to profits (Members do), but Managers do have powers to control and manage the LLC.

If the Manager has a legal right to receive profits from the LLC they are also a Member (owner).

This number should INCLUDE the Managers
that have ownership rights.

Select this if there is one owner and the sole owner is the only person who will have any management rights (even if they are married).

Make this selection if all owners will have equal management rights regardless of their profit share.
(Typical of a Husband & Wife LLC where both spouses control the company, or where 2 or more "partners" want to manage the company equally)

You can allocate the owner's management rights in different percentage amounts.

For example, Member One might control 60% of voting and management rights;
Member Two controls 30% and the remaining
10% is allocated to a third Member.

Members are able to apportion management rights in percentages dissimilar to their profit sharing and capital contributions.

For example, Bill and Harry want to share profits 50/50, but Bill is to exercise 75% of management and control over the LLC

Bill's management rights should be specified as 75% and Harry's as 25% so we can prepare the Operating Agreement to effectuate this provision.

Select this if you want to distribute LLC profits to owners in percentages,

(e.g. 15% allocation to Member 1;
50% to Member 2; 35% to Member 3).

Enter the percentage of profits this Member
is legally entitled to receive.

This option is for distributing profits in proportion to the value of each member's initial and (or) continuing contribution to the LLC.

Example:
Member 1 makes a capital contribution of $6000,
Member 2 promises a contribution of $3000,
Member 3 contributes $3000.

The Operating Agreement would apportion profits as follows:
50% attributed to Member 1; 25% to Member 2; 25% to Member 3.

We're looking for the fair market value of the Cash, Property and (or) Services of the Member's initial contribution to the LLC so we can calculate the member's share of profits.

For example, 2 members start an LLC.
Member 1 contributes $4000 and Member 2 contributes $8000.

The Operating Agreement will provide for profits to be distributed in proportion to each member's contribution: (one-third of the profits to the first member and two-thirds to the second).

Unless specified to the contrary, married couples residing in Arizona own personal property (including LLC interests & corporate stock) as Community Property.
(Each spouse owns one-half of the married member's share in the LLC).

If a married member's share will be held as sole property or as Community Property With Right of Survivorship, we'll need the name of their spouse to prepare the documents accordingly.

(You can leave spouse's names out, if the share will be owned as Community Property, or if this determination will be made in the future.)

Your privacy is important to us. Your data will not be shared or used for any purposes other than forming an LLC at Paralegal-Plus.com

Client Contact Information

Please tell us about yourself. For the purpose of forming this limited liability company, this person is deemed to be our client. All correspondence will be directed to the person whose name is entered here.

Company Name Selection

The name of the company is specified in the Articles of Organization and needs to be distinguishable from all other limited liability companies, corporations and trade names on file with the Corporation Commission and Secretary of State.

You can conduct a name search to determine if any conflicts exit with your chosen LLC name by checking the Arizona Corporation Commission's name availability page at this link The Commission's policy on naming standards is found at this page.

We run a search for you to identify possible conflicts as a part of this service.

First Name Choice:
Alternate Choice:
Third Choice:
Designator

Place of Business

The address of the LLC will usually be its primary business location, or where its administrative offices are located.

If you do not have a physical street address in Arizona, then the LLC's address may be in care its statutory agent. The agent's address would then need to be a physical street address located within Arizona.

Street Address
City, State, Zip
County

Statutory Agent

The registered agent (commonly referred to as a statutory agent in Arizona) must have a physical street address within the territorial boundaries of Arizona. The company's "known place of business" may be in care of this agent.

The agent can be any adult within the State of Arizona. They do not have to be a manager or member of the LLC.

Being the agent, in and of itself, does not give the person any ownership or management rights to the company.

Full Name
Street Address
City, State, Zip

Initial Business Activity:

A brief description of the company's business activity is required in most jurisdictions. In the space below please write a short description of the intial business or purpose of forming the LLC.

Examples: Contractor, jeweler, real estate investment vehicle.

*We will use this information to help determine if the LLC needs to qualify as a Professional Limited Liability Company.

1st Member
Name
Address
City, State, Zip

2nd Member
Name
Address
City, State, Zip

3rd Member
Name
Address
City, State, Zip

4th Member
Name
Address
City, State, Zip

5th Member
Name
Address
City, State, Zip

6th Member
Name
Address
City, State, Zip

7th Member
Name
Address
City, State, Zip

Entity Name
Address
City, State, Zip
Authorized Party
Title/Position