What You Need To Know About Corporate Formation
You have dreamed of starting your business for years. Now the time has come to bring that dream to life, and you know that one of the first steps in that process is structuring your business.
If you are planning to create a corporation, you will need to file your articles of incorporation with the Arizona Corporation Commission. Generally, your articles of incorporation will need to include the following information.
- Your Corporation’s Name: Make sure that you search the business names already registered in Arizona to avoid a conflict of the same or similar names, which will result in rejection of your articles of incorporation.
- Your Place Of Business: If your business is just getting off the ground and is only operating out of one location, filling in this portion of the information should be easy.
- Your Registered Agent: The agent you designate is the person who should receive the official documentation for your corporation. Generally, you will name yourself as the registered agent. Alternatively, you can also name your lawyer as your registered agent.
- Your Statement Of Purpose: While you might be tempted to write out your long, flowery mission statement in this section, refrain. The Arizona Corporation Commission is looking for a simple statement saying you are going to engage in lawful activity. The more general you can be in this section, the less likely your articles of corporation are to be denied.
The LLC application process can be a nightmare. Let our experienced team handle the arduous paperwork process for incorporation and make your dream of business ownership become a reality. To get the expert guidance you need to get your dream off the ground, contact Phocus Companies. With decades of experience helping Phoenix and businesses in the rest of Arizona see success, our team is prepared to serve you!
