Do I Need a Certificate of Good Standing for My LLC?
Question: I was checking the Arizona Corporation Commission’s website to make sure that all the information about my Arizona limited liability company displayed is correct. I clicked on the “Check...
View ArticleHow Do I Complete IRS Form SS-4
Question: I just formed a limited liability company. I want a third party to obtain a federal employer id number (EIN) from the IRS. The form is confusing. Can you help me complete IRS Form SS-4?...
View ArticleWarning: Improper Contract Signature May Create Personal Liability
Question: My LLC is to be the tenant on a real property lease. The landlord’s lease has a signature block that indicates I will sign the lease as the manager and as a member of the LLC. The...
View ArticleNew IRS Procedure to Get EIN for an LLC Owned by a Nonresident Alien
Question: I am a not a U.S. citizen and I live outside the U.S., aka a “nonresident alien.” I formed a limited liability company in the U.S. How do I get a federal employer id number (EIN) for my...
View ArticleBeware Certificate of Good Standing Rip Off
Today we received in the mail about 30 envelopes from Arizona Business Filing Services. The envelopes contained an official looking document entitled “2014 Certificate of Good Standing Request Form.”...
View ArticleArizona LLCs Are Eight Times More Popular Than Arizona Corporations
The Arizona Corporation Commission statistics for its fiscal year ending June 30, 2014, show that people are forming Arizona LLCs eight times more often than Arizona corporations. Most people forming...
View ArticleCan an LLC be a Tax-Exempt 501(c)(3) Charity?
Question: My group is considering forming a tax-exempt charitable organization. Can the organization be a limited liability company or must it be a nonprofit corporation? Answer: It can be an LLC if...
View ArticleAnnual Meetings of Members of an Arizona LLC
Question: Does Arizona limited liability company law require the members and managers of an Arizona LLC to hold an annual meeting? Answer: No. However, some badly worded Operating Agreements do...
View ArticleArizona Benefit Corporation Law Effective January 1, 2015
The Arizona legislature passed Senate Bill 1238, in April of 2013. Governor Brewer signed the bill on April 30, 2013. SB 1238 provides for the creation of a new type of Arizona corporation called the...
View ArticleWhat are Arizona LLC Members Voting Rights?
Question: The members of my multi-member Arizona limited liability company never signed an Operating Agreement. The members now disagree on how to run the company. What are the members’ voting...
View ArticleArizona LLCs Can Now Be Formed Online
The following is the text of a September 30, 2015, press release issued by the Arizona Corporation Commission: Creating an LLC in Arizona just got a lot easier. The Arizona Corporation Commission is...
View ArticleKeyts Finish Teaching LLC Class at Arizona Summit Law School
Today my son Richard C. Keyt and I finished teaching a class on Arizona LLC law to second and third year law students at Arizona Summit School of Law. It’s the fourth year I’ve taught the class and...
View ArticleKEYTLaw Formed LLC’s Documents Stored in the Cloud
We are proud to announce that when Richard Keyt forms a Silver or Gold LLC KEYTLaw will upload and save all of the LLC’s documents to a secure folder in the cloud hosted by the Citrix ShareFile...
View ArticleKEYTLaw Clients Use RightSignature to Digitally Sign Contracts
KEYTLaw continues to use cutting edge technology that benefits our clients. In addition to giving clients online access to their documents using the highly secure Citrix ShareFile cloud storage...
View ArticleHow Can I See If My Desired LLC Name is Available?
Question: I intend to form a new Arizona limited liability company. I know that the Arizona Corporation Commission will reject my Articles of Organization if my desired LLC name conflicts with the...
View ArticleShould I Create a C Corporation?
Question: We discussed forming an LLC, but I’ve had some people recently tell me that I should create a C Corporation instead of an LLC. They said that the C Corporation gives the best tax advantages....
View ArticleCan I be the President of My LLC?
Question: I am the sole member of my Arizona limited liability company. Can I tell the public that I am the President of my LLC? Answer: Yes, but I don’t recommend you use that term because some...
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Should Richard Keyt or LegalZoom Form My LLC?
Question: People frequently ask me “why should I hire Richard Keyt to form my Arizona limited liability company rather than LegalZoom? Answer: You should hire me, Arizona LLC attorney Richard Keyt, to...
View ArticleEnforcing Charging Order on Foreign LLC
Arizona, like Nevada, provides that the sole remedy of a creditor that gets a judgment against a member of an LLC formed in the state is to serve a charging order on the LLC. The charging order is a...
View ArticleNew Arizona Law Exempts LLC Organizers from Arizona Securities Laws
Arizona House Bill 2303 signed into law by Governor Doug Ducey contains a significant change to Arizona’s securities laws. The new law allows the issuance of LLC membership interests to as many as ten...
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