General Guide to Company Incorporation in Arizona
Updated on Tuesday 05th December 2017
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Large, medium and small businesses are welcomed for incorporation in the 16th largest state of America, Arizona, in sectors like manufacturing, tourism, mining, IT or agriculture. The company registration procedure starts with the preparation and submission of documents to the Arizona Corporation Commission. We have prepared a general guide to company incorporation in Arizona and we invite you to take into consideration the main steps in forming and registering your business in this state. We mention that our company formation agents in America can provide you with complete support in the company incorporation procedure, regardless of the chosen state for business.
The minimum share capital for an LLC in Arizona
The most preferred business form in Arizona is the limited liability company which can be set up by at least one shareholder and there is no requirement for a minimum share capital. Once the name of your LLC has been approved (a name which must contain LLC, L.C., L.L.C., or LC at the end of it), your company must appoint a representative agent in Arizona.
Conditions to set up a company in Arizona
If you want to start a business in America and especially to set up a company in Arizona, it is necessary to prepare the Articles of Association which must contain details about the owners, the name of the business, the purpose, the activities, the name of the registered agents, the business address, the signatures of the owners, and the number of the shares. As soon as the documents have been approved by the commission of incorporation, the Articles of Association must be published in a general circulation newspaper in Arizona. Please keep in mind that a fee of about $60 must be paid at the date of the incorporation of the company in Arizona.
The statutory agent for your company in Arizona
Each company in Arizona need to appoint a statutory agent who can be whether a person or a business entity with a physical address in the state. The responsibility of such representative is to accept the documents of the company in a legal manner. Even foreign corporations are accepted as statutory agents for brand-new companies in Arizona.
Opening a bank account for your business in Arizona
One can establish a bank account for his/her company in Arizona if the necessary documents are provided to the financial institution. The Articles of Association, alongside with the incorporation number or the employer identification number (EIN) are in most cases sufficient for opening a bank account, but there might be other documents to offer at the request of the bank. The company registration procedure in Arizona can be entirely supervised and explained by our company formation representatives in America.
Employees for your Arizona company
If you want to open a company in USA as a foreign entrepreneur, you might want to consider the available and skilled workforce on the market. In Arizona, you can ask for support from varied recruitment companies that can help you choose the suitable employees for the available positions in your firm. If you already have a human resources department, this can take care of searching for staff with the help of recruitment agencies in Arizona.
The sales tax in Arizona
Companies settled in Arizona, with at least one employee, goods stored in a warehouse, and with real estate assets are entitled to pay the sales tax. This tax is imposed for companies which produce all kinds of goods but with certain exceptions for grocery, medicine, machinery, medical devices and chemicals which are used in Arizona for research and science purposes. The sales tax is imposed in the price of the products available for sale, and the business person who deals with such activities must apply for a sales tax permit, in order to collect the fee and provide it to the financial authorities in Arizona.
Salaries in companies incorporated in Arizona
The annual average salary for an office manager in Arizona is around $45,000. Depending on the type of job, an employee can gain from $15 to $50 or more per hour according to the Occupational Employment Statistics for 2016.
Create a website for your company in Arizona
If you have registered a company in Arizona, you should consider the proper ways of promoting the activities, goods, and services. For instance, you can consider creating a website which must contain as many details as possible about your business. Even if the competition is strong, you can have success on the market if you adopt the well-known promotion channels, including the ones linked to the social media.
A virtual office for your business in Arizona
Entrepreneurs who decide for USA company formation, especially in Arizona, must bear in mind that besides opening a traditional office, they can benefit from the services of a virtual office. Our agents will take care of each detail, starting with a notable business address and a local phone number and ending with complete mail and correspondence services, besides providing information and support for future partners. Virtual office services can be offered on request by our team of consultants in Arizona.
Why open a company in Arizona?
With less bureaucracy, no minimum share capital, and a low taxation system offered for companies, Arizona is a suitable place for doing business. Additionally, you can rely on the skilled workforce and on the states’ main developed industries: manufacturing, financial, health, agriculture or transportation. Phoenix, Chandler, Prescott, Tempe, and Scottsdale are among big cities in Arizona, with more than 160,000 inhabitants and the highest average revenue.
For a better understanding of the terms and conditions related to company registration in Arizona, please feel free to contact our team of company incorporation consultants in America.