The IRS’ online EIN wizard that issues employer identification numbers after a 5 – 10 minute data entry session will be down for maintenance. This service will be unavailable from approximately 5 p.m. Eastern time on Wednesday, December 23, 2020,
KEYTLaw Blog
The KEYTLaw Blog, published by KEYTLaw, focuses on estate planning and business law topics relevant to Arizona residents. It covers wills, trusts, probate, and strategies to protect family assets and heirs, including guardianship and medical decision-making. The blog also addresses issues related to limited liability companies (LLCs), such as operating agreements, membership interests, and compliance with Arizona LLC laws. It provides guidance on avoiding common legal pitfalls in estate and business planning, including protecting inheritances from creditors and managing LLC ownership transitions. The content is aimed at individuals and families seeking to safeguard their legacy and business interests through proper legal planning.
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Latest from KEYTLaw Blog
Bad Consequences of the Death of a Member of an LLC
By Richard Keyt
If a member of an Arizona LLC dies and the member did not take action to protect the member’s loved ones bad things will happen. The failure to plan creates the following problems:
1. The membership interest of the deceased…
IRS Employer ID Number (EIN) Warning for New LLCs
By Richard Keyt
The Internal Revenue Service has an online wizard that allows people to apply for and receive an employer identification number (EIN) for a company in a 5 – 10 minute data entry session. Companies need an EIN to open a…
Why Your Name in Your LLC’s Articles of Organization Should Be the Name on Your Driver’s License or Passport
By Richard Keyt
Section 326 of the USA PATRIOT Act is a statute that is intended to prevent the funding of terrorism and money laundering. This federal law requires financial institutions such as banks and credit unions to verify and record the identity…
September 1, 2020, All Arizona LLCs are Governed by Arizona’s New LLC Law that Took Effect September 1, 2019
By Richard Keyt
A year ago Arizona’s new LLC law became effective as to all LLC and PLLCs formed in Arizona after August 31, 2019. Today Arizona’s new LLC law applies to all Arizona LLCs and PLLCs formed before September 1, 2019. Bottom…
We Formed 65 LLCs in July 2020, a Firm Monthly Record
By Richard Keyt
July of 2020 was a record-setting month for our LLC formations. We formed 65 new Arizona LLCs and PLLCs that month. Thanks to all of our new clients. People love our low priced LLC formation services, which is why we…
Remembering Our Fallen Heroes on Memorial Day
By Richard Keyt
Memorial Day originated in the nineteenth century as a day to remember the U.S. soldiers who gave their lives in the American Civil War by decorating their graves with flowers. It is the day Americans remember the military men and…
Arizona Corporation Commission Adds 2 Hour & Same Day / Next Day Services
By Richard Keyt
On April 22, 2020, the Arizona Corporation Commission announced that it added 2 hour and “Same Day / Next Day Services.” These filing fees are $400, $200 and $100, respectively. Nevertheless I am still able to file LLC Articles of…
Same Day Filing & Approval by the Arizona Corporation Commission for Our LLCs
By Richard Keyt
As of April 1, 2020, we changed our Arizona LLC formation service to include same day filing and approval of the LLC’s Articles of Organization by the Arizona Corporation Commission. We provide this unique service for NO ADDITIONAL FEE. This…
Arizona Corporation Commission No Longer Allows Walk-ins
By Richard Keyt
There are two things I want you to take away from this blog post:
1. Effective March 24, 2020, the Arizona Corporation Commission closed its offices to the public. This means it is not possible to go the the ACC’s…