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
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.
The Importance of an Operating Agreement for LLCs Among Loved Ones
Navigating business with loved ones? Learn why operating agreements are your secret weapon! Prevent conflicts, set clear expectations, and ensure success for your business and your relationships.
Why You Should Hold Rental Properties in an LLC
Safeguard your investment properties and gain asset protection by forming an LLC for your rental properties.
Shielding Your Personal Assets: The Power of an LLC
Discover how forming an LLC can safeguard your personal assets and protect your wealth.
Demystifying LLC Taxation: A Comprehensive Guide
If you’re an Arizona business owner exploring various legal structures and their tax implications, our law firm is here to simplify the intricate world of Limited Liability Company (LLC) taxation. In this blog post, we’ll break down the tax treatment of LLCs, providing valuable insights into the tax classifications and their implications.
Estate Planning for Small Business Owners: Protecting Your Business and Family
In the current climate, it is becoming increasingly difficult to maintain and protect small businesses. One way you can ensure your businesses’ safety and financial security is through estate planning. While the success of your business is undoubtedly a priority,...
Business Formation: Choosing the Right Business Structure for Your Company
Embarking on a new business venture is an exciting journey filled with opportunities. However, it’s crucial to understand the importance of selecting the right business formation structure, as it directly affects your business’s tax liability and legal responsibilities. In this guide, we will break down the basic business structures and provide helpful tips to get you started on the right path.