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Sunday, January 2, 2011

Annual Reports for LLPs in Arizona

If you have set up an LLP to hold your rental property, it's that time of year. Fortunately, it's dead simple. Just fill out the form located on the AZSOS web site, and submit in duplicate with the $3 fee and a stamped self-addressed envelope so they can send back a copy with their seal stamped on it. Good thing you kept a couple of US stamps in inventory. If you didn't, I once had success by sending $4 (instead of $3) to pay for the postage.

From the AZSOS web site:

Question: What partnerships are required to file annual reports and when are they due?

Answer: All partnerships containing the word "liability" are required to file an annual report. These reports are for the preceding year and due between January 1st and April 30th. A report for the year 2000 is due between January 1st, 2001 and April 30th, 2001. The filing fee for an Annual Report is $3.00.

Annual Report form: http://www.azsos.gov/business_services/Forms/Partnerships/llp_annual_report_form.pdf

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