Congratulations on forming your LLC in Arizona! Now it’s time to establish a dedicated bank account to keep your business finances separate from your personal finances. This guide will walk you through the steps of opening an LLC bank account in Arizona, with some specific tips for Bank of America, Chase, and Wells Fargo.
Plan For The Road Ahead
LLC Owner
Why Every Single-Member LLC Needs an Operating Agreement
You’ve taken the smart step of forming a single-member LLC in Arizona. To truly solidify your LLC’s legitimacy and safeguard your personal assets, you need an operating agreement. While some may think an operating agreement is unnecessary for a solo venture, this couldn’t be further from the truth. Here’s why every Arizona single-member LLC should have one:
The Importance of Annual Meetings for LLCs
Annual meetings are formal gatherings of the members of an LLC. They are a time for members to review the past year’s business, make decisions about the future of the LLC, and elect new members to the LLC’s management team. This blog discusses reasons these meetings will be offer extra protection for you and your business
Getting Ready for Beneficial Ownership Information Reports
Business owners, it’s time to get ready for the new Beneficial Ownership Information (BOI) reporting requirements coming in 2024! Starting January 1, 2024, many corporations and LLCs will have to submit a BOI report.