Katie Hobbs was chosen to serve as Arizona’s secretary of state in 2018. Hobbs is in charge of a variety of duties, including regulating enterprises, maintaining the state’s official records, and supervising elections.
A trade name is the name used by a company to conduct business. It is the name that appears on all official business paperwork, including contracts, tax returns, and licenses. A trade name might be a real person’s name, the name of a partnership, or a made-up company name. A trademark, on the other hand, is a symbol, sign, or design that sets one company’s goods or services apart from those of other companies.
How do you create a trade name, secondly? You can register a business name in Arizona by submitting a Trade Name Application to the Arizona Corporation Commission. The $10 application fee can be paid online or by mail. The trade name can be used by the company once it has been registered with the state and the application has been granted.
In Arizona, a trade name registration is good for five years. The registration must then be renewed. The first registration process is comparable to the renewal process, which has a $10 renewal cost.
Small enterprises are supported by the Small Business Administration (SBA), a federal organization. A trade name registered with the SBA is known as an SBA trade name. Additional benefits, such as access to federal contracts and eligibility for particular SBA programs, may result from registering a trade name with the SBA.
In conclusion, the Secretary of State of Arizona occupies a crucial position and is in charge of a number of duties that have an impact on the state’s residents and enterprises. You can submit a Trade Name Application to the Arizona Corporation Commission in order to register a trade name there. A trade name can be renewed for $10 for an additional five years. For small firms, registering a trade name with the SBA may have further advantages.
Arizona requires that you submit Articles of Organization and pay a filing fee to the Arizona Corporation Commission in order to establish an LLC. Additionally, you must designate a registered agent to receive legal documents on the LLC’s behalf and draft an operating agreement describing the ownership and management of the business. To ensure adherence to all legal obligations, it is advised to seek the advice of a lawyer or other professional service.
It is conceivable for two businesses to share a single business bank account, but it is crucial that all parties maintain correct records and open lines of communication. Setting up a joint account with both businesses named as account holders is one typical method for accomplishing this. However, it’s crucial to speak with a financial counselor or legal expert to make sure that this arrangement is suitable for the particular circumstances.