The synthesis of aluminum complexes with redox-active formazanate ligands is described. Salt metathesis using AlCl3 was shown to form a five-coordinate complex with two formazanate ligands, whereas organometallic aluminum starting materials yield tetrahedral mono(formazanate) aluminum compounds. The aluminum diphenyl derivative was successfully converted to the iodide complex (formazanate)AlI2, and a comparison of spectroscopic/structural data for these new complexes is provided. Characterization by cyclic voltammetry is supplemented by chemical reduction to demonstrate that ligand-based redox reactions are accessible in these compounds. The possibility to obtain a formazanate aluminum(I) carbenoid species by two-electron reduction was examined by experimental and computational studies, which highlight the potential impact of the nitrogen-rich formazanate ligand on the electronic structure of compounds with this ligand.