Bylaws And Standing Rules In Maricopa
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FAQ
Arizona does not require LLCs to file an annual report. Taxes. For complete details on state taxes for Arizona LLCs, visit Business Owner's Toolkit or the State of Arizona .
A Certificate of Good Standing is not a requirement for forming LLCs and corporations. Rather, Certificates of Good Standing are typically requested by banks or financial institutions to certify that a company is properly registered with the state.
The minimum number of board members is set by state statute. Arizona requires one board member. Nonprofits do not need to be incorporated to receive tax exempt status from the IRS, but it is usually recommended.
Maricopa County does not issue or require a General Business license for unincorporated areas of the County. If you are located in an incorporated city or town, check with your municipality. For more information, the Arizona Department of Revenue provides a Licensing Guide for obtaining business licenses in Arizona.
Corporate bylaws are legally required in Arizona. AZ Rev Stat § 10-206 states that the “board of directors of a corporation shall adopt initial bylaws for the corporation.” This means that adopting bylaws is a legal requirement.
Publication requirement. Arizona requires corporations to publish notice of the incorporation within 60 days of incorporation in a publication (i.e. newspaper) in the known place of business for three consecutive publications.
