Are you looking to start a professional limited liability company (PLLC) in Arizona but unsure where to begin? Northwest Registered Agent LLC has got you covered with their step-by-step video guide on how to form a PLLC in Arizona. In this informative video, they discuss the basics of PLLCs, the requirements for forming one, and provide a summary of the process. They also offer more in-depth information in their accompanying article on Arizona E-Licensing. If you have any questions or need assistance with state paperwork, Northwest Registered Agent LLC is there to help. So, if you’re ready to take the first steps towards forming a PLLC in Arizona, this video is a must-watch!
In this friendly and insightful video by Northwest Registered Agent LLC, Luke is joined by Jennifer as they discuss how to form a professional limited liability company (PLLC) in Arizona. They provide clear and concise explanations of what a PLLC is, who needs to form one, and the necessary steps to do so. By following their simple advice, such as marking a box on the articles of organization, ensuring all members are licensed and using “PLLC” in the business name, you’ll be on your way to starting your PLLC in Arizona. Northwest Registered Agent LLC is committed to providing valuable content for small business owners and entrepreneurs, so if you found this video helpful, be sure to leave a like and subscribe for more useful tips and insights.
How to Form a PLLC in Arizona: A Step-by-Step Guide
Step 1: Understand What a PLLC Is
A PLLC, or Professional Limited Liability Company, is a specific type of business entity that is designed for licensed professionals to provide services while enjoying the liability protection of a limited liability company (LLC). In Arizona, a PLLC is formed to provide professional services that can only be rendered by licensed professionals, such as architects, lawyers, or real estate agents.
Forming a PLLC is a popular choice among professionals because it offers personal liability protection, similar to a corporation, while still allowing professionals to retain the flexibility and simplicity of running a business as an LLC. Before starting the process of forming a PLLC in Arizona, it is important to have a clear understanding of what a PLLC is and the benefits it can offer.
Step 2: Determine If Your Profession Requires a PLLC
Not all professions in Arizona require the formation of a PLLC. Some professions, like real estate agents, are specifically mandated by the Arizona Department of Real Estate to form a PLLC. However, for other professions, the decision to form a PLLC is optional.
Professions that require a PLLC in Arizona include architects, lawyers, accountants, engineers, and healthcare providers. These professionals are legally obligated to form a PLLC in order to provide their services.
On the other hand, professions that do not require a PLLC in Arizona include consultants, software developers, marketing professionals, and other service-oriented businesses that do not fall under the specific licensed professional categories.
Step 3: Ensure All Members Are Licensed
One of the key requirements for forming a PLLC in Arizona is that all members of the company must be licensed professionals. This means that every member involved in the business must possess the necessary licenses, certifications, or qualifications to practice their respective profession in the state of Arizona.
It is essential to ensure that all members have obtained the required licenses before proceeding with the formation of a PLLC. Without proper licenses, the PLLC may not be recognized as a valid business entity in the state, and the members may not be able to provide their professional services legally.
Step 4: Verify That All Licenses Are Current
In addition to ensuring that all members are licensed professionals, it is crucial to verify that all licenses are current and in good standing. Each member should regularly review and update their licenses to ensure they are up-to-date and comply with any renewal requirements set by the relevant licensing boards or agencies.
By confirming that all licenses are current and valid, the PLLC can operate without any legal complications. It is important to note that practicing a profession with an expired or revoked license can result in severe penalties, including fines, professional sanctions, or even the closure of the business.
Step 5: Have at Least One Member Licensed in Arizona
To form a PLLC in Arizona, it is necessary to have at least one member who is licensed to practice the profession in the state. This requirement ensures that the PLLC has direct access to a licensed professional who can oversee and provide guidance for the services offered by the company.
Having at least one member licensed in Arizona also helps to establish a strong presence within the state and ensures compliance with any local regulations or laws specific to the profession. This licensed member will be responsible for maintaining their Arizona licensure and acting as a representative for the PLLC in any professional matters.
Step 6: Include the Term ‘PLLC’ in the Business Name
When forming a PLLC in Arizona, it is essential to include the term ‘PLLC’ in the business name. Arizona state law requires PLLCs to use this designation to indicate that the business is a professional limited liability company.
Including ‘PLLC’ in the business name helps to clearly communicate the type of entity the business is and sets it apart from other types of business structures, such as regular LLCs or corporations.
Step 7: Familiarize Yourself with Arizona’s Articles of Organization
Before proceeding with the formation of a PLLC in Arizona, it is important to become familiar with the state’s Articles of Organization. The Articles of Organization are the official documents that establish and register the business entity with the Arizona Corporation Commission (ACC).
The Articles of Organization outline important information about the PLLC, such as its name, principal place of business, registered agent, and the names and addresses of the members. Familiarizing yourself with the requirements and provisions of the Articles of Organization will help ensure that you complete the process correctly and efficiently.
Step 8: Fill Out the Articles of Organization
Once you have a good understanding of Arizona’s Articles of Organization, it is time to fill out the necessary paperwork. The Articles of Organization form can be obtained from the Arizona Corporation Commission’s website or by contacting their office directly.
The form will require various details about the PLLC, including the business name, principal place of business, registered agent information, and member information. It is crucial to provide accurate and up-to-date information to avoid any delays or complications during the registration process.
Step 9: File the Articles of Organization with the Arizona Corporation Commission
After completing the Articles of Organization form, it must be filed with the Arizona Corporation Commission. You can submit the form online through the ACC’s electronic filing system or by mail.
If filing online, you will need to create an account on the ACC’s website and follow the instructions for submitting the Articles of Organization electronically. If submitting by mail, you will need to print a hard copy of the completed form and mail it, along with the required filing fee, to the address provided by the Arizona Corporation Commission.
Step 10: Wait for Approval and Confirmation
Once the Articles of Organization have been submitted to the Arizona Corporation Commission, you will need to wait for the approval and confirmation of your PLLC’s registration. The processing time may vary, but you can expect to receive a confirmation letter or document from the ACC once your PLLC has been officially formed.
During this waiting period, it is important to keep track of any correspondence from the Arizona Corporation Commission and promptly respond to any requests for additional information or documentation.
Conclusion
Forming a PLLC in Arizona involves a series of steps and requirements that are specific to licensed professionals offering their services in the state. By understanding the process and following this step-by-step guide, you can successfully establish a PLLC that complies with Arizona’s regulations.
In summary, it is crucial to understand what a PLLC is and the benefits it offers, determine if your profession requires a PLLC, ensure all members are licensed and maintain current licenses, have at least one member licensed in Arizona, include the term ‘PLLC’ in the business name, familiarize yourself with the Articles of Organization, fill out and file the Articles of Organization, and wait for approval and confirmation from the Arizona Corporation Commission.
Following these steps will help you navigate the process of forming a PLLC in Arizona and set your business up for success. Remember to consult with legal professionals or experts in business formation if you have any specific questions or concerns along the way.