Form an LLC in Arizona with Tailor Brands for Free

Start the LLC formation process by finalizing a name for your company. This should be unique, memorable, and relevant to your business. It should also follow the state’s naming conventions, such as using the term LLC or its variations in the name.

To ensure your chosen business name is unique, you need to check the state database and see if any other business is using the same name. If not, you can use the name and if you find a match you’ll need to choose a different name for your LLC in Arizona.

If you find that your chosen business name is available for use in Arizona, but you’re not yet ready to start the LLC formation process, you can consider reserving your name. This will ensure that no one else can register that name for a period of 120 days.

You need to file your application and pay a filing fee of $10 to reserve your business name. The state of Arizona provides expedited, same-day, next-day, and 2-hour processing options to choose from that can cost you $35 to $400 extra.

Every business needs a registered agent who is available during business hours at the registered address to receive all business correspondence and legal notices. The agent must have a local address in the state and can be an individual or a company.

While you can be your own registered agent, but that is not recommended as it will limit you to your office premises during weekdays. It’s better to hire a professional who can receive documents on your behalf and inform you of any upcoming deadlines.

If you intend to do business in Arizona and don’t have an established business in other states, you’ll likely need to form a domestic LLC. If, however, you want to expand your existing business to Arizona, you’ll need to form a foreign LLC in Arizona.

You will also need to decide whether you want to form a single-member LLC or a multi-member LLC in Arizona. Next, you need to decide whether you want a member-managed LLC or manager-managed LLC, depending on your requirements.

Every business needs rules for how the company is to be managed and run, and an LLC operating agreement lays down those rules. It covers everything from how day-to-day decisions are to be taken to the ground rules for succession planning.

The operating agreement also details the roles and responsibilities of members and their respective shares of ownership. Make sure that your LLC operating agreement is as comprehensive as possible and covers all the governance guidelines.

This is the most important step in the process as this is where you officially register your business with the state. For that, you need to file your Articles of Organization with the Arizona Secretary of State and pay the required regular filing fee of $50.

You can submit your application online, via mail, via fax, or in person. If you want expedited processing, then those options are available at an extra cost. You need to pay a total of $85 to the Secretary of State’s office if you want expedited processing.

An Employer Identification Number or EIN is a business’ identity, just like a Social Security Number is for individuals. This is what the government and the Internal Revenue Service (IRS) use to identify and track a business for tax purposes.

EIN is required for several other business purposes as well. You will, for example, need an EIN to start a business bank account, get business funding from investors and banks, hire employees, and pay employer taxes, among other things.

When you run a business, it’s very important to keep your business and personal finances separate. This ensures that your personal assets are protected from business debts and liabilities. It also helps you manage your business finances.

Opening a business bank account that is separate from your personal bank account is a great way to achieve this. Also, having a banking history with a bank helps build your credibility, which makes it easier for you to secure business loans and funding.

Even after you officially register your business by filing your Arizona Articles of Organization, you can’t start operations until you meet some other requirements. This entails obtaining all necessary permits and licenses as required by the state.

The licenses and permits you’ll need will depend on your type of business and varies from state to state. You’ll need to obtain federal, state, and county licenses and permits. So, check the requirements for your business before you start your LLC in Arizona.

The best part about forming an LLC in Arizona is that you can choose how you want your business to be taxed. It can be taxed as a Sole Proprietorship, Partnership, S-Corp, or C-Corporation, offering a lot of flexibility when it comes to business taxation.

By default, an LLC is considered a disregarded entity and the business profits pass to the LLC owners, who are then taxed on their personal incomes. Only LLCs that choose to be considered a Corporation for tax purposes, need to pay corporate income taxes.

Limited Liability Companies need to follow certain naming conventions when registering a business name. This often leads to long and complicated names, which include terms like “LLC”, “limited company”, “limited”, “limited liability company”, etc.

If you want a short and memorable name for conducting your day-to-day business, you can file a DBA (doing business as). This allows you to register a fictitious name that is good for branding purposes and easy for your customers to remember.

A trademark is a great way of protecting your business name, logo, and other brand elements from being copied or used by other businesses in the state. If you have a slogan or brand tagline, you get a trademark to protect those elements as well.

You can apply for trademarks on both federal and state levels, depending on your requirements. A federal trademark will prohibit businesses across the states from using your logo, slogan, name, or anything else that you have a trademark for.

Every business must have a website in this digital age. Your website is not only the most credible source of information for your business but also a way of generating leads for your business. So, make sure that you invest in an SEO-friendly website.

Start by securing a domain name that matches your business name or assumed name. You can use our partner GoDaddy’s web design and marketing services for registering a domain name, getting a hosting solution, and building a website.

While the process of forming an LLC in Arizona ends here, maintaining that status is an ongoing process. You need to follow the rules and regulations set forth by the state of Arizona for LLCs and stay in compliance to keep your LLC status.

Some important compliance requirements include paying taxes on time and filing annual reports, if your LLC is taxed as a Corporation. You also need to renew your permits on time and meet all other compliance requirements for Arizona LLCs.

This is the free plan that includes Arizona LLC formation and not much else.

This is what you get with Tailor Brands’ free plan:

• LLC Formation: The Tailor Brands team is there to assist you throughout the entire process of registering your LLC in Arizona. They will take care of all aspects, from preparing documents to completing the LLC application. You just need to supply all the necessary information and documentation for the filing process.

Price: Free

For anyone seeking a straightforward, no-cost LLC application service, this is a great option. While it lacks extra frills, it streamlines the process of forming an LLC in Arizona.

This plan offers LLC formation, along with the following:

• Annual Compliance: If you are managing an LLC in Arizona, it is crucial to comply with the state’s regulations. This includes submitting annual reports and ensuring timely tax filings. Failure to comply with these obligations can lead to severe penalties. The team at Tailor Brands will help you stay compliant by sending reminders and annual compliance notifications to avoid any missed deadlines.

• 2-Day Processing: Another advantage of choosing this plan is the prompt application processing. With this plan, you can expect your application to be filed within two business days. This is a major advantage as it will ensure your Arizona LLC is formed as quickly as possible and you can start operations soon. Most service providers take much longer than this to process LLC applications.

• LLC Operating Agreement: When you opt for the Essential plan offered by Tailor Brands, you will get assistance in drafting an operating agreement for your LLC in Arizona. Tailor Brands’ team will help you draft a detailed agreement that includes all important details. This includes the roles and responsibilities of members, the process for making decisions, rules for conflict resolution, and more.

• $30 Amazon Gift Card: One added perk of choosing this plan is that you get a complimentary Amazon gift card for $30. This is just something that’s good to have, but not the sole reason for choosing this plan. So, if you opt for this plan then you may as well use it. It works like any typical gift card and allows you to buy anything from the ecommerce store for the specified $30 amount.

Price: $199 per year

The Elite plan includes numerous business services, apart from what you get with the Essential plan.

Here are the additional services you can expect with this plan.

• Free Web Domain for 1 Year: Every successful business needs a website to reach its target audience online. After all, it’s the first place people look for information about a business. With this plan, you’ll get a free web domain, matching your business name, that you can use to host a business website.

• DIY Website Builder: To ensure your website is user-friendly and informative, you need to pay special attention to its design and layout. Tailor Brands will provide you access to a DIY website builder that you can use to create the perfect website. You’ll have control over the entire site design and layout.

• Business Tools: Tailor Brands offers multiple tools with this top-tier plan. You can design up to 8 free business logos, get a digital business card, and get access to a social media post maker. These are just some of the many benefits of choosing this plan over the Lite and Essential ones.

• $50 Amazon Gift Card: If everything else discussed above is not enough to convince you of the value provided by this plan, then this might be an added perk to convince you. You get an Amazon gift card in the amount of $50, which you can use to buy practically anything from the Amazon store.

Price: $249 per year

Tailor Brands paid plans don’t include all the services it offers. There are numerous services that you can get individually for a cost, of course.

These are the add-on services Tailor Brands offers:

• Business Licenses: It is likely that you will need several licenses and permits in order to run a business in Arizona. Tailor Brands’s team will help you discover the prerequisites for your LLC in Arizona and acquire the required business licenses expeditiously.

• Employer Identification Number: If you plan to run an LLC in Arizona and hire employees for your business, you will need an EIN or tax ID. Tailor Brands offers this service as an individual paid service. It will help you file the federal EIN application and get one quickly.

• Business Bank Account: Every business should have a business bank account to keep the personal and business finances separate. This is important for liability protection for members. With Tailor Brands’ help, you can find the best banking options and accounts for your business.

• Business Insurance: When you’re running an LLC in Arizona, you’ll need to insure your business from various unforeseen circumstances. Tailor Brands’ team will help you identify the types of business insurance policies you’ll need and get those from the right service providers.

• Tax and Accounting Services: Tailor Brands also offers tax and accounting services for businesses. From helping you file your income tax returns to helping you with maintaining perfect books for your business, you can expect all the help you’ll need with taxation and accounting.

• Invoicing: This is another important business service that Tailor Brands offers to help new businesses run successfully. Its invoicing tool will help you create customized invoices and send them to clients to get paid on time. It will also help you create and send proposals.

Price: Prices differ per service