Starting a business is a thrilling endeavor, but it may also be intimidating, particularly if you’re not aware with how to incorporate your business in Arizona. The legal procedure for registering your company with the state as a corporation or limited liability company (LLC) is known as incorporation. We’ll provide you a step-by-step tutorial on how to incorporate your business in Arizona in this post and address some associated queries. Arizona Articles of Incorporation Filing
Articles of Incorporation must be submitted to the Arizona Corporation Commission as the initial step in forming a business in Arizona. These articles can be submitted online or by mail. The name of your corporation or LLC, the purpose of your business, the statutory agent’s name and address, the amount of shares of stock or membership interests to be permitted, and the names and addresses of the incorporators must all be included in the articles. Articles of incorporation require a $60 filing fee. Cost to Form an Arizona Corporation
The price of incorporation in Arizona varies depending on a number of elements, including the services required and the kind of business entity you select. Articles of incorporation filing costs $60, although there can be extra costs for faster service, name reservation, and other services. Costs may increase if you hire a registered agent or a business attorney. The price to form an LLC in Arizona
The cost of forming an LLC in Arizona is comparable to that of incorporating, should you decide to do so rather than a corporation. Additionally, there can be extra costs for expedited processing and other services in addition to the $60 filing fee for articles of organization. Obtaining a Tax Identification Number in Arizona
After forming your company in Arizona, you must apply for an Employer Identification Number (EIN), often known as a tax ID number, from the Internal Revenue Service (IRS). An EIN application can be submitted online, by mail, fax, or phone. An EIN can be obtained for free.
Finally, to incorporate your firm in Arizona, you must submit your Articles of Incorporation to the Arizona Corporation Commission along with a $60 filing fee. Depending on the form of business entity you choose and the services you require, the cost of incorporating in Arizona varies. You must get a tax ID number from the IRS after incorporation; this service is free of charge. Consult a business attorney or a registered agent for guidance if you’re confused how to incorporate your company in Arizona.
Getting an EIN (Employer Identification Number) from the IRS is free, according to the article “Incorporating Your Business in Arizona: A Step-by-Step Guide”. In Arizona or any other state in the US, obtaining an EIN is free of charge.
The particular requirements and objectives of your firm will determine whether you should choose an LLC or a single proprietorship. Limited liability protection and potential tax advantages are provided by an LLC, but additional paperwork and formalities are needed. While easier to start up and run, a sole proprietorship does not provide the same level of liability protection or tax advantages. A legal or financial expert should be consulted to help you choose the right entity for your company.