How To Incorporate In Arizona
It better for people starting a new venture to form a separate business entity such as a corporation, as it is a great way to protect personal assets and keep business separate from personal life as it offers liability protection, and many other benefits. It is very easy to incorporate in the state of Arizona.
Incorporating In Arizona: It is necessary to be sure which kind of corporation you are going to form and take the necessary steps. It is necessary to ensure that the startup funds are available and that the necessary licenses and permits obtained from the concerned authority and an appropriate place is leased or bought to begin operations.
• It is necessary to decide on a name and make sure that the name is not a copy as well as make sure you get adequate protection by applying for trademark registration. The name should end in the words such as “Incorporated,” “Corporation,” “Company,” “Limited,” “Association” and certain words are restricted such as “ bank” or “trust.” The name can be reserved online by paying a nominal fee.
• The articles of incorporation have to be filed with the Arizona Corporations Commission. The fee charged is $60 and the articles are processed within 210 business days.
• The articles of incorporation have to include certain information, including the name, address and signature of all incorporators, and there must be a minimum of one incorporator. The statement of purpose and the names and addresses of all directors. Arizona requires that every corporation maintain a known place of business, which may be the address of its statutory agent. The name and address of the statutory agent has to be listed too. The number and the different classes of share have to be filed, too.
• The minimum number of directors permitted is one and they need not be residents of the state or be shareholders.
• The articles of incorporation have to be published in a local newspaper that circulates in the area the principal business executive office is located.
• The bylaws have to be drafted by seeking legal counsel and have to be adopted by the directors. They will describe the number of officers and the tasks assigned to each of them.
• Annual reports have to file on the same month that the business was incorporated. This will have to include a statement of disclosure revealing the names and addresses of those who own more than 20% shares in the corporation as well as a statement that all income tax returns have been duly filed.
• Income tax depends on the annual net income of the corporation.
These are a few tips for incorporating in Arizona.
It better for people starting a new venture to form a separate business entity such as a corporation, as it is a great way to protect personal assets and keep business separate from personal life as it offers liability protection, and many other benefits. It is very easy to incorporate in the state of Arizona.
Incorporating In Arizona: It is necessary to be sure which kind of corporation you are going to form and take the necessary steps. It is necessary to ensure that the startup funds are available and that the necessary licenses and permits obtained from the concerned authority and an appropriate place is leased or bought to begin operations.
• It is necessary to decide on a name and make sure that the name is not a copy as well as make sure you get adequate protection by applying for trademark registration. The name should end in the words such as “Incorporated,” “Corporation,” “Company,” “Limited,” “Association” and certain words are restricted such as “ bank” or “trust.” The name can be reserved online by paying a nominal fee.
• The articles of incorporation have to be filed with the Arizona Corporations Commission. The fee charged is $60 and the articles are processed within 210 business days.
• The articles of incorporation have to include certain information, including the name, address and signature of all incorporators, and there must be a minimum of one incorporator. The statement of purpose and the names and addresses of all directors. Arizona requires that every corporation maintain a known place of business, which may be the address of its statutory agent. The name and address of the statutory agent has to be listed too. The number and the different classes of share have to be filed, too.
• The minimum number of directors permitted is one and they need not be residents of the state or be shareholders.
• The articles of incorporation have to be published in a local newspaper that circulates in the area the principal business executive office is located.
• The bylaws have to be drafted by seeking legal counsel and have to be adopted by the directors. They will describe the number of officers and the tasks assigned to each of them.
• Annual reports have to file on the same month that the business was incorporated. This will have to include a statement of disclosure revealing the names and addresses of those who own more than 20% shares in the corporation as well as a statement that all income tax returns have been duly filed.
• Income tax depends on the annual net income of the corporation.
These are a few tips for incorporating in Arizona.
posted by zzzzzzzzzzz at
9:16 PM
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