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.
The Basics of Maintaining Your LLC : Required filing in Arizona to keep your LLC in good standing. Articles of Organization: Updating of your LLC information in Arizona. Operating Agreement: Legal document outlining the internal rules and procedures of a Limited Liability Company.
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.
How do I form an S corp in Arizona? First, you'll need to form an LLC or C corporation, if you haven't already done so. To elect S corp status, you need to file Form 2553, Election by a Small Business Corporation, with the IRS.
OFFICER CHANGE (CHANGE IN OFFICERS) – Use one block per person - To REMOVE an officer - list the name AND title of the officer being removed and check "Remove officer." To ADD an officer - list the name and address of the officer being added and check "Add officer." To CHANGE ADDRESS only - list the name and NEW ...
Every corporation subject to the Arizona Income Tax Act of 1978 must file an Arizona corporate income tax return. A limited liability company that makes a valid federal election to be taxed as a corporation must file an Arizona corporate income tax return.
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.
The document required to form an LLC in Arizona is called the Articles of Organization.
While Arizona does not require a general business license at the state level, many cities within the state do mandate specific licenses for operating a business. It is vital that you research and comply with the local regulations in your jurisdiction.