Limited Liability Companies are the most popular way to start a business in Arizona. When an Arizona LLC is formed and operated in the right way, and for the right reasons, the LLC will offer business owners and investors greater protection from personal liability and significant tax breaks too.

Over the years, our LLC plans have benefited clients of all types, including:

• Real estate investors
• Physicians, dentists, lawyers, engineers and other professionals in high-risk industries
• Business owners

Who Needs an Arizona LLC?

An LLC can be designed for most any legitimate business purpose, such as operating a family business, running a storefront, or managing one or more rental properties. Particularly when more than one person is involved in the business, an Arizona LLC must be expertly designed to minimize disputes and allow for continuity of management when a crisis occurs, such as a LLC member’s death, divorce, bankruptcy or disability. Without proper planning, events like this can force the dissolution of the LLC or allow a “hostile” outside party to take over another member’s ownership in the LLC.

Whether your situation be simple or complex, you should organize your Arizona LLC with the help of an experienced LLC attorney. Creating an LLC is not simply a matter of filing some paperwork with the State. That is just the first (and easiest) step. A detailed Operating Agreement, tax filings and other documents should be prepared to make sure you receive the best possible tax treatment, the best protections and also the ability for the LLC to continue on in the event of a crisis.

LLC Planning Should be Integrated With Your Overall Estate and Tax Planning

It is important to keep your eye on the big picture when doing LLC planning. When we design your LLC, we make sure it fits seamlessly with your estate and tax planning too. The truth is, a well-designed LLC can also be a powerful vehicle to save you and your loved ones income, estate and gift taxes.

The attorneys at Phelps LaClair have accounting and advanced tax degrees so we are perfectly capable of working closely as a team with your CPA and other advisors to make sure your plan provides you with the most benefit possible.

Contact us to schedule a free consultation to discuss your LLC today.

TRUiC’s business guide on LLCs can be a helpful resource for small businesses. Be sure to seek the advice of an attorney when forming an LLC.