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.
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.
12 Steps to Starting a Nonprofit in Arizona Name Your Organization. Name Incorporators and Directors. Appoint a Registered Agent. File Arizona Articles of Incorporation. Publish Incorporation. Apply for an Employer Identification Number (EIN) Hold Organization Meeting and Establish Nonprofit Bylaws.
Arizona Business Licenses You may need to obtain local or state business licenses or permits, depending on the type of activities your nonprofit intends to engage in, and where it is located within the state.
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.
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 .
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.
Arizona Business Licenses You may need to obtain local or state business licenses or permits, depending on the type of activities your nonprofit intends to engage in, and where it is located within 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.