Are you looking for an Operating Agreement template for your Arizona LLC? If yes, then you have come to the right place.
Below, we’ve shared a generic operating agreement which you can use and modify as per your business needs.
Operating Agreement – Why it’s Important
An Operating Agreement is a centerpiece for any LLC, be it a single member, multi-member or member managed. It’s an internal contract which governs how the LLC will be operated. It also has provisions for resolving any disputes which may arise in future.
An operating agreement typically covers:
1) Equity Holding between members (capital invested and profit distribution)
2) Voting Rights
3) Duties and responsibility of each member
4) Information on liquidation and dilution of LLC
5) Information on the process of transfer/buyout of membership interest
Although LLCs in Arizona, do not require an operating agreement. But not having one can put your LLC at a huge risk. When you start a business, the understanding between the member(s) is good but as the business matures differences may crop up. It’s in your best interest to have an operating agreement drafted as soon as you form the LLC.
Based on the structure of your LLC (Single, Multi, Manager Managed), download the relevant document from the link below:
Download Arizona LLC Operating Agreement (PDF/DOCX)
Based on the LLC type, download the relevant document.
Disclaimer: The document is shared for reference purpose only. We disclaim all liability and responsibility arising from any reliance placed on the information shared. We encourage you to consult a professional business attorney to get a professional agreement made.
Last Updated: 02/01/2019