Richard Keyt formed his first Arizona limited liability company for a client the day Arizona’s LLC law became effective in October of 1992. Since then Richard Keyt and his son Richard C. Keyt have formed 8,200+Arizona LLCs. Richard Keyt now practices law with his son Richard C. Keyt who was a tax CPA before law school. In practicing LLC law the Keyts have seen people make the same LLC mistakes over and over.
The purpose of this article is to alert you to the top 13 mistakes LLC owners make (all of which can bite an LLC owner in the owner’s economic butt) so you will not make the mistakes with your LLC.
California LLC Attorney Richard C. Keyt’s List of Common LLC Mistakes