What You Need to Know About Incorporating Your Business in Arizona
Posted By Salvador Phillips, PLLC || Jan 29, 2018
Seeing your small business grow is an exciting and motivating experience. However, as you begin to expand, you might want to consider incorporating your business. This can not only provide financial advantages, but it can also give you the tools to grow and develop your business for years to come. Our firm provides knowledgeable representation to business owners throughout the incorporation process.
Here’s what you need to know:
The Benefits of Incorporating
Incorporating your business can have many short-term and long-term benefits. Your corporation will be able to build its own credit score, and may also face a lower amount of taxes. Furthermore, you will be able to organize the management of your business in the incorporation documents. Shareholders of your corporation will be protected from liability and debts, and shareholders’ personal property will also be protected. Thus, by incorporating your business, you can be more organized and efficient, and protect yourself from personal liability in the future.
The Process of Incorporating
Incorporating your business in Arizona can be a daunting process. You will start by filing the Articles of Incorporation with the Arizona Corporation Commission. You will need to include necessary information in the Articles, and file it along with a cover sheet and Certificate of Disclosure (describing any convictions or bankruptcies of the directors and officers). Once your Articles of Incorporation are approved and filed, you have 60 days to publish a copy of the document in a local newspaper for at least 3 consecutive publications.
In the Articles of Incorporation, you will need to include information regarding:
- The name of your business
- The address of your business
- The main purpose of your business
- The names and addresses of the initial board members
- The names, contact information, and signature of the person filing the Articles of Incorporation
Why You Need an Attorney
The process of incorporating your business can be difficult to navigate. One mistake in paperwork can result in a lot of stress and hassle as you try to work with the appropriate government agencies. Thus, having a knowledgeable business law attorney on your side can help the process go smoothly as you seek to incorporate your business.
A lawyer can discuss your interests and ensure you don’t forget or overlook any important information. Furthermore, a lawyer can help you complete and file the necessary paperwork in a timely manner. If there are any complications or financial and legal concerns, an attorney can handle the issues so you don’t have to. Even if you have a small business and think incorporating will be a simple process, having a lawyer can prove beneficial as you seek to make informed decisions.
Dedicated Business Law Attorneys Serving Phoenix
With a commitment to providing personal and diligent legal services, Salvador Phillips, PLLC has guided numerous clients to successful outcomes. We are passionate about helping businesses thrive. From start to finish, our team of Phoenix business lawyers will analyze your options, help you file the paperwork, and handle any legal issues that may arise as you seek to incorporate your business in Arizona.
Contact our office today to receive a free initial case review. We offer Spanish speaking services for your convenience.