An essential first step in beginning your entrepreneurial path is registering your business in Arizona. It’s a provision of the law that makes sure the state will acknowledge and defend your company. However, there are a number of variables that can affect how much it will cost to register a business in Arizona. In this post, we’ll go over the various fees involved in opening a business in Arizona and respond to some related queries.
Adding Your Business Name to the Registry You must select a distinctive name for your company before you can register it in Arizona. The name must not be in use by any other company and must not lead customers astray or cause confusion. On the Arizona Corporation Commission website, you can do a name search to see if the business name you’ve picked is available. Your business name reservation fee of $10 is non-refundable.
If you want to conduct business under a different name in Arizona, you can register a DBA (Doing Business As). For instance, if you want to use “ABC Consulting” for your consulting services but your legal business name is “ABC Corporation,” you can file a DBA. A DBA registration in Arizona costs $10 and is good for five years.
Your company will be given a special nine-digit number called an EIN (Employer Identification Number) for tax purposes. You will require an EIN if you intend to recruit staff, start a business bank account, or apply for any business licenses or permits. On the IRS website, you can apply for an EIN for free online. You can also apply by mail or fax, but it may take up to four weeks for it to be processed.
The majority of firms in Arizona are exempt from needing to obtain a state-level business license. But in order to work lawfully, some occupations and businesses like cosmetology, real estate, and construction need a license. A regional business license could also be necessary in some cities and counties. Depending on your region and sector, obtaining a business license in Arizona can be expensive.
Finally, the price of Arizona business registration can vary depending on the services you require. A DBA registration costs $10, reserving a business name costs $10, and requesting an EIN is free. The price of a business license, however, may differ based on your region and sector. To acquire an accurate idea of the expenditures involved, it is best to examine the needs for your particular organization.