What is an LLC?
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The Limited Liability Company, or LLC, is a legal form of business organization that offers the benefits of several other traditional structures. An LLC enjoys the same form of limited liability as a corporation, but like the sole proprietorship and partnership, it is not taxed as its own entity. Also like corporations, LLC's may have as many shareholders, or members, as it likes. Unlike a corporation however, the death or bankruptcy of one of the members will dissolve the LLC. Limited liability has traditionally been a primary goal of many business forms, but since the legislature authorized it in Arizona, the modern LLC has become increasingly popular.
Can My Business Be Formed as an LLC?
Businesses in Arizona may organize using whatever form they choose. The office of the Secretary of State is the organization that accepts filings by those who want to open LLC's. However, some charge additional fees for the formation of LLC?s, and in Arizona there are specific laws that govern the actions of LLC?s. Applicable laws are a primary consideration in the decision of whether to organize as an LLC. The right business structure for your company might be difficult to find, but different structures can end up saving your company a lot of money.
Can I Change the Form of My Business to an LLC?
Under certain conditions, a business in Glendale may change its form. Eligibility for conversion to a LLC is determined by Arizona law.
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Life in Glendale
Glendale, Arizona is a beautiful residential community located west of Phoenix, Arizona. For those who think there is nothing to do in residential communities, Glendale proves them wrong! Glendale has a variety of sites for tourists to visit, and plenty of things for people to do.
Glendale is home to many attractions that exploit the beauty of nature. For instance, Historic Sahuaro Ranch is a 17 acre property with seventeen ranch buildings to tour, along with a beautiful rose garden. Popular events such as the Antique Tractor and Engine show are held in this venue.
For all the sports fanatics out there, Camelback Ranch is located in Glendale. This ranch is known because the Los Angeles Dodgers and Chicago White Sox share this venue for spring training during baseball season.
To accommodate the needs of those who love the outdoors, Glendale has a very popular attraction known as White Tank Mountain Regional Park. White Tank Mountain Regional Park has approximately 21 miles of hiking and biking trails, with one that even has a waterfall! For children, the park has hiking and biking trails that are of lower levels of difficulty, as well as Petroglyph Plaza for children to express their creative skills.
The Xeriscape Botanical Garden, considered one of the best demonstration gardens in Arizona, has over 1,000 types of desert plants over 4 acres. The garden also has many walking paths so that visitors can stroll and enjoy nature. Tourists can also enjoy the walking and hiking trails at Thunderbird Park. The park, located over 1,000 acres of dessert preserve, has picnic sports and horseback riding along with the trails for hiking and walking.
Other popular attractions in Glendale include Arrowhead Town Center and Westgate City Center, two great places to catch a movie, eat at delicious restaurants, or shop till you drop!
With Glendale being very near to Phoenix, Glendale residents have the opportunity to access the Phoenix legal market for their needs. Many attorneys and major law firms have offices in Phoenix, Arizona. Therefore, Glendale residents can rely on the best firms with the sharpest legal minds to handle their legal needs.
How Can an Attorney Help?
Attorneys experienced in Arizona business law can give you valuable input on whether your business would be more profitable as a LLC.
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