Each state has different requirements for forming a corporation. Whether you are starting a business or incorporating a business already in existence, you’ll want to understand state requirements for Arizona incorporation.
The corporation's name must contain the word "Association," "Corporation," "Company," "Incorporated," "Limited" or an abbreviation thereof. It must not contain language stating or implying that the corporation is organized for an unlawful purpose. The name shall be distinguishable from the name of domestic, nonprofit or foreign corporations authorized to transact business; the reserved or registered name of a corporation; the fictitious name of a foreign corporation; the name of a limited liability company or foreign limited liability company; the partnership name of a limited liability partnership, registered limited liability partnership or registered foreign limited liability partnership. With the words “Bank,” “Banc,” and “Bancorp,” the company must be a bank and approval of the name is needed from the Department of Banking.
The following are Arizona’s requirements for directors of corporations.
The document required to form a corporation in Arizona is called the Articles of Incorporation. The information required in the formation document varies by state. Arizona's requirements include:
Some states require additional filings or steps at the time of incorporation, such as a county level filing, publishing notice of the incorporation in a local newspaper or an initial report filing. Arizona requires the following:
Arizona allows professionals, such as accountants, attorneys and physicians, to form a professional corporation (PC).
After forming a corporation, you must undertake certain steps on an ongoing basis to keep your business in compliance. These steps are also important in preserving the limited liability a corporation provides its owners. This guide outlines the ongoing requirements for Arizona corporations.
Arizona corporations must keep the following with their corporate records:
The following are taxation requirements and ongoing fees in Arizona:
Business licenses and/or permits are required for most businesses. The BizFilings Business License Application Package can help you stay on top of these requirements.
Arizona recognizes the federal S corporation election and does not require a state-level S corporation election.
The state in which you form your company can provide certain benefits.
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