Forming an Arizona Corporation
Setting up a corporation in Arizona is completed by writing Articles of Icorporation, submitting them to the Secretary of State, and paying the required fees. Your articles must include the following required items.
- The name of the corporation, and the name must be available.
- The articles must be signed by at least 1 incorporator.
- The corporation must be formed with at least 1 director.
- The articles must describe information about available shares.
- The articles must name the registered agent, or statutory agent and provide a physical street address located in the state.
- State the purpose of the business. A company can be setup to operate for any lawful purpose.
Once articles are prepared correctly they can be submitted to the state with the appropriate filing fee.
Corporation publishing requirements
You must publish a copy of your Articles of Incorporation in a newspaper of general circulation in the county of the known place of business in Arizona, for three (3) consecutive publications. A list of acceptable newspapers in each county will accompany the approval letter and is posted on the Commission web site at Arizona Corporation Commission. Do not publish until documents have been approved.
Incorporation advantages:
- The corporation can have an indefinite life.
- The corporation will provide limited liability shareholders.
- Incorporation can cause lead to a reduction in taxes.
Tips on naming your Arizona Corporation
All Corporations filed in the state of Arizona must use the common business ending of “Corporation”, “Incorporated”, and “Company” or similar abbreviations “Corp”, “Inc”, or “Co”. The name of the corporation is limited to 60 characters. The spaces that are present in words that can be separated does not provide any distinction such as southwest partners vs. south west partners.
Naming Limitations
Capitalization, punctuation and the use of an ampersand vs “and” does not provide any distinction between corporations. Also, the use of Arabic characters vs the spelling of these characters does not provide any distinction, for example “1 stop shop” vs. “one stop shop”. The use of possessive grammar does not provide distinction such as “Tom’s” vs. “Toms”. Using a foreign language difference between two words are considered distinguishable. Lastly, artistic spelling of names are considered distinguishable such as “Kitty Kat” vs “Kitty Cat”.
Arizona S Corporation
An Arizona S Corporation is a popular type of business that is similar to a limited liability company in that is has pass through taxation. This means that the income earned by the corporation flows through to the owners of the company.
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