10/27/2026
📂 **Start Your LLC With a Clear Ownership Record**
Who owns the company? What did each owner contribute? Who is authorized to sign contracts or access the business bank account?
These questions should be answered when the LLC is organized—not after a disagreement develops.
An LLC’s initial company records may document:
✅ The full legal name of each member
✅ Each member’s ownership interest
✅ Cash contributed to the company
✅ Property, equipment, or other assets contributed
✅ Services performed or promised
✅ Additional contribution obligations
✅ Voting rights and approval requirements
✅ Who may sign contracts for the LLC
✅ Who may open and manage business accounts
✅ Who may borrow money or approve major purchases
Arizona law allows an LLC contribution to consist of property, services, another benefit provided to the company, or an agreement to provide those items. The LLC must also maintain a record of a member’s obligation to make a capital contribution.
A contribution and an ownership interest are not automatically the same thing. If one owner contributes more money, equipment, or labor than another, the owners should clearly document whether that affects ownership, voting rights, distributions, repayment, or future contributions.
Signing authority should also be addressed. Depending on whether the LLC is member-managed or manager-managed, different people may have authority to act for the company. The operating agreement and organizational resolutions can clarify who may:
🔹 Sign ordinary business contracts
🔹 Open or close financial accounts
🔹 Authorize payments
🔹 Apply for financing
🔹 Purchase or sell significant assets
🔹 Bind the company to major obligations
Clear records help owners, banks, accountants, vendors, and future investors understand how the LLC is organized.
Document Prep Arizona can help prepare the operating agreement, contribution records, organizational resolutions, and other documents needed for a complete LLC records book.
📞 602-487-7158
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🌐 [www.documentpreparizona.com](http://www.documentpreparizona.com)
Serving all of Arizona
**DPA Business Focus: LLC Formation—Step 8**
*Document Prep Arizona is a certified legal document preparation service and does not provide legal or tax advice. Ownership, tax, securities, and complex contribution questions should be reviewed with the appropriate licensed professional.*
Sources: [A.R.S. § 29-3402—Forms of contribution](https://www.azleg.gov/ars/29/03402.htm) and [A.R.S. § 29-3410—LLC records](https://www.azleg.gov/ars/29/03410.htm)