Arizona

Forming a Company in Arizona

Arizona is one of the fastest-growing, most dynamic economies in USA, with Phoenix becoming the fifth most populated city. Both, Fortune 500 and start-up technology companies call Arizona home, reaping the advantages of a competitive business climate and tax structure; a skilled, knowledge-based workforce; and world-class innovation, cultural and scenic resources.

Arizona has a reputation of being a state that is friendly toward business formation, and has seen very rapid expansion/business growth as result of its business climate, as well as climate of sunshine and year-round warm weather in most parts of the state.

Arizona generates most of its revenue through service industries. Arizona�s manufacturing revenues are generated from high tech products like computers, electronic equipment, and aerospace vehicles. Agriculture and mining are also important in Arizona along with cattle ranching.

Tax rates are generally low, with a personal income tax that tops out in the mid-single digits on income brackets above $150,000 (single filer) or $300,000 (married filing jointly or head of household).

Arizona exempts intangible property and business inventories from property taxes, and it has a right-to-work law and no state minimum wage law. A business that operates in Arizona can be a sole proprietorship, a general or limited partnership, a corporation, or a limited liability company. Arizona offers many small businesses to be operated as �S corporations� or in unincorporated form (sole proprietorship, partnership or LLC), to avoid higher corporate tax on business income.

Sole proprietorships in Arizona can be formed with no formalities. Incorporating small business in Arizona can provide better legal protection with regards to personal liability, when compared to owning and operating a sole-proprietorship or partnership in Arizona.

Arizona is opening windows of opportunity to businesses � literally and figuratively, so that new businesses can take advantage of its competitive environment. Arizona has taken concrete steps to back up the claim for being a Pro-business state. It has approved a measure that benefits high-tech companies and manufacturers. It offers you a choice of formulas for calculating state income taxes. Firms that sell most of their products outside the state are the big winners. Arizona also reduced the assessment ratio for business real estate and personal property.

Arizona is ranked No. 18 in the USA in high-tech employment, with 111,000 workers. The Milken Institute�s Cost-of-Doing-Business Index reported that Arizona�s costs are 6 percent lower than the national average. Tucson provides ready access to the growing southwestern market and provides a skilled work force, outstanding recreational, educational and health care opportunities for employees, along with access to convenient housing.

There are several advantages associated with Arizona (AZ) incorporation:

Reduced Personal Liability: Contrary to Sole Proprietorship or General Partnerships, the separation of business & personal assets facilitated by the corporation or LLC provides mitigated or limited risk to the personal assets, retirement accounts, car, home etc.

Reduced Taxation: If you are forming a company in Arizona, business related expenditures are tax deductible at the personal or business level. This includes expenditures such as office lease, cars, health insurance, business travel & so on.

Credibility: By being organized as an corporation or LLC, credibility could be increased with vendors, bank, creditors etc. The main reason behind the same is viewing of formally organized business as serious, perpetual and purposeful.

Ownership Transfer: Being formally organized as a corporation or LLC means readily transfer of ownership through the sale of stock or membership interest.

Venture Capitalist Attraction: Investors prefer investment in corporations and LLCs due primarily to the above mentioned ease of ownership transfer and limited personal liability.

Business Life Cycle: Contrary to Sole Proprietorship or General Partnership, corporations or LLCs in the state are perpetual in nature. This means existence of business even after departure, illness, death of owner or one or more partners.

For more several years the Metro Phoenix area has been named the No. 1 "entrepreneurial hot spot" in the nation. Overall, Arizona has been consistently noted as having one of the most favorable business climates in the nation to start or invest in a business opportunity. The passage of the North American Free Trade Agreement has been a boon to the Arizona economy. The Arizona economy continues to diversify.

The growing expansion into service, retail, telecommunications, and high tech and financial services industries is a positive move which should diminish the adverse effects of any periodic down turns in the economy.

Arizona's concrete step towards creating helpful business incorporation environment assures you & your business to help a lot at every stage of formulation. Elite Incorporation is glad to help you form your corporate entity in Arizona.

Useful Links

State Home Page
http://www.az.gov/

Arizona Corporation and Business Entities Law
http://www.azleg.state.az.us/ArizonaRevisedStatutes.asp?Title=10

Arizona Secretary of State
http://www.azsos.gov/

Arizona Corporation Commission
http://www.cc.state.az.us/

Arizona Division of Corporations
http://starpas.azcc.gov/scripts/cgiip.exe/WService=wsbroker1/main.p

Arizona Department of State
http://az.gov/webapp/portal/

Arizona Department of Commerce
http://www.azcommerce.com/BusAsst/

Why Choose Us to Form Your Company

Best-in-class Service -- our focus is you, your company and your vision. We're not a call center with operators taking orders. We're a family-owned business of trained corporate professionals supporting your vision and partnering with you to obtain the entities you need for your business.

Over 30 years Experience as Sophisticated, Corporate Professionals -- our staff is highly experienced, seasoned executives. We're not providing legal advice here, and yet most of us have advanced graduate degrees, including law degrees and some of us have even practiced as corporate lawyers and still do with our affiliated law firm.

We Know Corporate Entities -- we're in this business because we've been forming and using corporate entities our entire careers. Whether it's LLCs in New York, S-corporations in California or offshore companies in Cyprus or BVI, we know the regulations, procedures and the people.

Price -- we add value for good value! We're not always the cheapest option (though we usually are!), but we're inexpensive for the experience and total support we provide and will always keep our fees reasonable to encourage referrals and repeat customers.

Total Fulfillment -- we're here to help you and will share what we know...and we're just about as good of a resource as you can get for guidance on forming your entity, the process of starting your business, and obtaining the proper advice in the U.S. and abroad.