A legal word used to describe the official registered address of a company entity is “statutory address.” It is where official documents and legal papers are physically sent. This address is significant since it is the one that courts and government organizations use to contact the corporate entity. A registered agent address or a physical site can serve as a statutory address.
The real location of the corporate entity is indicated by a physical address. It is the location where customers can visit and where business operations take place. A registered agent is a company that acts as the business entity’s representative in receiving legal documents and other official correspondence. Businesses that don’t have a physical presence or have many locations frequently use this type of address.
Every company in Arizona is required to have a statutory address. The Articles of Organization or the Articles of Incorporation must provide this address. This address must be kept current with the Arizona Corporation Commission (ACC) in order for the company to receive all official correspondence.
If a company is a domestic LLC or corporation, it may serve as its own statutory agent in Arizona. To receive legal papers and official documents, the statutory agent must, however, have a physical address in Arizona and be accessible during regular business hours.
The business entity must appoint a statutory agent in Arizona if it is not a domestic LLC or corporation. An individual or a business that is permitted to conduct business in Arizona may serve as the statutory agent.
Arizona does indeed permit Series LLC. An organization can establish many series of an LLC, each with its own assets, liabilities, and members, using a series LLC. Because each series runs separately from the others, assets are protected and liabilities are isolated.
Arizona was one of the first states to permit Series LLCs, and it has unique rules and legislation that control how these businesses can be established and run there. To make sure that all legal criteria are met, it is crucial to seek legal advice before creating a Series LLC.
In Arizona, a statutory address is an essential component of any corporate company. It must be kept up-to-date with the Arizona Corporation Commission and serves as the official address to which legal documents and other official correspondence are sent. If a company is a domestic LLC or corporation, it may act as its own statutory agent. Arizona also permits Series LLCs, which offer asset protection and liability isolation.