Which types of licensees must maintain good standing with the Arizona Corporation Commission to renew?

To renew their licenses, Partnerships, Corporations, and LLCs must maintain good standing with the Arizona Corporation Commission. This requirement ensures that these entities are compliant with state regulations, including filing necessary documents and paying appropriate fees. Maintaining good standing reflects that the entity is legally recognized and authorized to conduct business in Arizona.

Partnerships, Corporations, and LLCs are all distinct legal structures that have specific compliance obligations with the Arizona Corporation Commission. Corporations and LLCs, for example, are required to file annual reports and adhere to various state laws regarding business operations. Partnerships also require similar compliance to ensure legal recognition, though they may operate differently than LLCs and corporations.

This comprehensive requirement helps ensure that all entities are not only active but also following the necessary legal protocols to operate within the state. Thus, for renewal purposes, all three types of entities—Partnerships, Corporations, and LLCs—must maintain good standing, supporting the correct answer choice.