About Mitch Wallis
Mitch Wallis is a business and corporate attorney at Yuma County Legal Defender serving Yuma, Arizona. Business law practice in Arizona involves entity formation and governance under Title 10 (corporations) and Title 29 (LLCs) of the Arizona Revised Statutes, as well as commercial contracts, business disputes, and regulatory compliance under the Arizona Corporation Commission's oversight. For consultation, contact details are listed below.
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Education
- Law School: U of Arizona
Common questions about Business Law in Arizona
Answered by Arizona Attorney Search Network
What is a buy-sell agreement?
A buy-sell agreement is a contract among co-owners of a business specifying what happens to an owner's interest upon death, disability, divorce, retirement, or voluntary sale. Common structures include cross-purchase (other owners buy the departing owner's share), entity redemption (the company buys it), or hybrid. Buy-sell agreements typically address valuation methodology, funding (often via life insurance), and triggering events.
How do I form an LLC in Arizona?
File Articles of Organization with the Arizona Corporation Commission under ARS § 29-3201, designate a statutory agent (ARS § 29-3115), and adopt an operating agreement. Arizona does not require LLCs to publish notice of formation in most counties as of 2017, though Maricopa and Pima exemptions remain. Filing fees are modest, and Arizona does not require an annual report or fee for LLCs.
Do I need to register a foreign business in Arizona?
Yes, if your out-of-state entity is 'transacting business' in Arizona under ARS § 10-1501 (corporations) or § 29-3702 (LLCs). Activities like maintaining an office, holding employees, signing contracts in Arizona, or owning real property usually require foreign qualification with the Arizona Corporation Commission. Mere isolated transactions, holding shareholder meetings, or owning bank accounts typically do not.
Q&As answered by Mitch Wallis
Practice Areas
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Office Location
Yuma County Legal Defender
201 S Second Ave
Yuma, AZ 85364
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