A.R.S. § 29-3201 Compliant · Attorney-Reviewed

Arizona LLC Operating Agreement Attorney-Reviewed Template

Protect your Phoenix business from day one. This attorney-reviewed LLC Operating Agreement is built for Arizona law — covering ownership, management, and profit-sharing without a $500 attorney appointment.

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Arizona statute compliant Attorney-reviewed Works for single & multi-member LLCs

Why Arizona Women Need an LLC Operating Agreement

  • Protect your personal assets from business liabilities.

    Without an Operating Agreement, a court can "pierce the corporate veil" and hold you personally responsible for business debts. Your home, savings, and personal accounts stay protected when your LLC is properly structured.

  • Banks and investors require it before working with you.

    Phoenix-area banks — Chase, Wells Fargo, Desert Financial — regularly ask for your Operating Agreement before opening a business account. It proves your LLC is properly structured and you're serious about your business.

  • Define the rules before a dispute arises.

    If you have a business partner — even a friend or family member — the Operating Agreement determines who owns what, who makes decisions, and what happens if someone wants to leave. Agreeing now costs little. Litigating later costs thousands.

What This Template Covers

Member names, ownership percentages, and capital contributions
Management structure: member-managed vs. manager-managed
Profit and loss distribution rules
Voting rights and decision-making procedures
Process for adding new members or transferring membership interests
What happens when a member leaves, dies, or becomes incapacitated
Dissolution and wind-down procedures under Arizona law
Banking resolutions and authorized signatories

Arizona Law Reference

Arizona LLC Operating Agreements are governed by the Arizona Limited Liability Company Act, A.R.S. § 29-3201, which gives LLC members broad freedom to customize governance, management, and profit-sharing rules — but only if those rules are written down. Without a signed Operating Agreement, the default statutory rules apply, which may not align with your intentions.

Read A.R.S. § 29-3201 on AZLeg.gov

Frequently Asked Questions

Does Arizona require an LLC Operating Agreement?

Arizona does not legally mandate one, but the Arizona LLC Act (A.R.S. § 29-3201) makes it essential in practice. Without one your LLC is governed by default state rules that may not reflect your intentions. Phoenix-area banks routinely require it before opening a business account.

What should an Arizona LLC Operating Agreement include?

It should cover member names and ownership percentages, management structure, profit and loss distribution, voting rights, procedures for adding or removing members, and dissolution procedures. Our attorney-reviewed template covers all of these under Arizona law.

Can a single-member LLC in Arizona use this template?

Yes. Single-member LLCs benefit just as much as multi-member ones. It establishes the legal separation between you and your business — critical for limited liability protection — and is often required by Arizona banks when opening a business account.

How much does it cost to form an LLC in Arizona?

The Arizona Corporation Commission charges $50 to file Articles of Organization online. Arizona eliminated its annual report fee. Our attorney-reviewed Operating Agreement costs a fraction of a Phoenix attorney, who typically charges $400–$800 for the same document.

Keep Reading

LLC vs. Sole Proprietorship in Arizona → How to Start a Small Business: Beginner's Guide → 50 Small Business Ideas for Women in 2026 →

Arizona LLC Formation

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