Choosing to form a limited liability company (“LLC”) or to incorporate a business is an important decision. Many legal options are available for business owners and entrepreneurs. Even if you are a self-employed individual in Arizona looking to start an LLC, help may be available. It is all too easy to make mistakes with business laws that can prove costly later. A skilled Arizona business lawyer can help you start and grow your company.
At the law firm of Mushkatel, Gobbato, & Kile, P.L.L.C., we believe it is important to support Arizona business owners. Our Arizona business lawyers understand the issues and legal struggles that businesses face and provide representation that aims to maneuver around hazards to our clients.
To discuss how to start an LLC or how to incorporate your business, please call our Arizona office at (480) 467-3434 for a consultation from one of our Arizona civil law lawyers about your legal issue for your business entity. Additionally, our experienced attorneys handle other types of business law, like contract disputes, commercial litigation, intellectual property, business formation, breach of contract concerns, and contract law.
What Do You Need to Form an LLC in Arizona?
Limited liability companies, or LLCs, may offer simplified tax procedures and protection from legal liability. In order to start an LLC, you will need the following:
- A name that no other company or corporation is using
- An official address for the company
- A statutory agent for service of process
- Date of dissolution
- A statement that clearly indicates if managers or members will be in charge of management
- The names and addresses of each manager and member who will be in charge of management
If approved, you will have to publish your Articles of Organization in the county where your business is located. The entire process of forming a company has been streamlined for self-employed Arizonans, sole proprietorships, and partnerships, but the counsel and guidance of an experienced business attorney can be invaluable. After forming the LLC, you will need to obtain an operating agreement, specific permits, licenses, and a federal tax identification number.
What Is The Process for Forming an Arizona S- or C-Corporation?
The process of forming a corporation in Arizona is, in some ways, more complex than forming a limited liability company, sole proprietorship, or partnership. If you choose to start a corporation, you may need an Arizona business attorney and an accountant to ensure that everything is in order.
Both forms of corporations are legal entities created by filing articles of incorporation. They both require shareholders, directors, and officers. The shareholders own the company and elect the board of directors. The boards of directors oversee and direct corporate affairs, but they are not in charge of everyday operations. The directors elect the officers to manage everyday business activities. Both forms of corporations have the same corporate formalities and obligations. They both require bylaws, stocks, shareholder meetings, annual reports, and annual fees.
What Are The Differences Between an S-Corporation and a C-Corporation?
In a C-corporation, shareholders may include institutions, other corporations, or individuals. Under S-corporation ownership regulations, ownership is limited to 100 or fewer individual shareholders. While C-corporations have multiple classes of stock, S-corporations only have one. Additionally, C-corporations are separate tax entities that have to pay taxes on their profits. S-corporations pass-through tax entities so that shareholders may deduct their portion of corporate losses from their personal income tax.
Put Our Experienced Sun City Business Attorneys to Work for You
The experienced Arizona business litigation attorneys at the law firm of Mushkatel, Gobbato, & Kile, P.L.L.C. help both new and experienced business owners throughout Arizona. Our Sun City AZ business lawyers have years of experience helping small business owners and major corporations protect their rights and best interests and understand the business laws and contract laws of the state. If you’re looking for business attorneys near Sun City, and you have questions about how to start an LLC in Arizona or how to incorporate your company, please contact us at (480) 467-3434 during our office hours. Our law offices will have the perfect business attorney to provide legal representation for your business litigation case in Phoenix, Sun City, or anywhere else with Arizona business law.
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