In order to start a business in Arizona, you must apply for a state-issued business license. Depending on the sort of business and the area, different business licenses in Arizona cost different amounts. A business license can often be purchased between $50 to $500.
Entrepreneurs must choose the legal structure of their company before submitting an application for a business license. LLCs and sole proprietorships are two prevalent company configurations. Sole proprietorships are simpler and easier to set up, whereas LLCs provide better security for business owners’ personal assets. However, in Arizona, both kinds of enterprises are required to get a business license.
In Arizona, the formation of an LLC might take up to two weeks. A distinctive business name must be selected, articles of organization must be submitted to the Arizona Corporation Commission, an Employer Identification Number (EIN) must be obtained from the IRS, and an operating agreement must be written. In Arizona, creating an LLC might cost anywhere between $50 and $150.
In Arizona, LLCs are also permitted to use a DBA, or “doing business as,” name. A DBA is a name that a business can use to perform operations and is distinct from its legal name. Arizona Cleaning Services, for instance, might be the DBA name of an LLC with the name Smith Enterprises. The Arizona Corporation Commission must receive a Trade Name Certificate before a DBA can be registered in Arizona. In Arizona, registering a DBA costs $10.
Entrepreneurs must first perform a name search to be sure the name they have picked is distinctive before submitting a DBA in Arizona. Entrepreneurs can submit a Trade Name Certificate to the Arizona Corporation Commission after the name has been approved. The DBA name, the business’s legal name, and its address must all be listed on the Trade Name Certificate. Entrepreneurs can use the DBA name to do business in Arizona once the Trade Name Certificate is approved.
In conclusion, all types of enterprises in Arizona must obtain a business license, and the cost varies based on the kind of business and region. The most typical business structures in Arizona are LLCs and sole proprietorships; LLCs may also use a DBA name. It can take up to two weeks and cost between $50 and $150 to form an LLC in Arizona. The Arizona Corporation Commission must receive a Trade Name Certificate in order to register a DBA, which costs $10.
You must submit a “Statement of Abandonment of Use of Fictitious Business Name” form to the Arizona Corporation Commission in order to revoke a DBA in this state. There is a $10 filing fee and the form can be submitted either online or by mail. The DBA will be terminated and void after the form has been submitted.
Visit the Arizona Corporation Commission’s website and utilize their online search tool to confirm a business license in Arizona. To find out if a company has the right license to operate in the state, you can search for it by name, entity ID, or license number.