When registering a business in the state of Arizona, you’re required to register a statutory agent (aka registered agent) with the Arizona Corporation Commission. This individual will serve as the legal point-of-contact for official correspondence on behalf of your business, receiving official mail from the state and accepting Service of Process for court documents. Many new business owners gloss over…
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How to Pay Yourself with an LLC
Limited Liability Companies, or LLCs, are one of the most popular types of small businesses in Arizona. An LLC offers the benefits of business ownership without the personal liability that comes with standard proprietorships and partnerships. It also strips away the complexity of a corporation, making it easier for Arizonans to pursue their dream of starting a business. LLCs are…
How to Secure Startup Costs Using Arizona Small Business Grants
Are you wondering how to get government grants for your small business and not sure where to start? Securing capital can be one of the trickiest parts of any new business venture, reaching a grant can take some stress out of the equation. Whether or not you will qualify for free funding to support your company will depend on the nature…
Creating an LLC in Arizona: 7 Steps to Forming a Limited Liability Company
The process of registering a business is dictated by state law, so the actual process and timeline varies across the country. In some states, you can register your business and open up shop in less than a week. In other jurisdiction, it can take months to process the paperwork before you receive the green light to launch your business. Arizona…
How the Arizona Corporation Commission Affects Small Businesses
Arizona is one of only seven states with a Commission formed by state constitution. There are only 13 states with elected commissioners — the rest are appointed by the state legislature or governor. Established by Article 15 of the Arizona Constitution, the Arizona Corporation Commission has a broad mandate. Under the direction of five elected commissioners, the Commission has jurisdiction…
What the Law Says About Small Business Loans in Arizona
When you’re launching a small business, finding adequate funding can be a major obstacle. Even if you have the greatest business idea of the century, banks are reluctant to loan money to a brand new entity with no collateral and limited financial records. Fortunately, the government takes a special interest in supporting small businesses to fuel job growth, lift communities,…
The First Steps to Starting a Business in Arizona
Becoming an entrepreneur is a viable option for many people in our modern world. A college degree, business experience, and large sums of money may all be helpful, but aren’t strictly necessary for success. However, you will need enthusiasm, a solid plan, and some other tools to get started. The first question you should ask yourself is why you would…
Intrastate Crowdfunding
Governor Doug Ducey signed the two bills into law in March of this year. This allows businesses to raise funds for their company from accredited and unaccredited investors via the Internet.
Three Ways to Draw Attention to Your Small Business
Running a small business can be extremely different from working in a large corporation. Two major differences are the available resources and the ability to lean on a team. Oftentimes, those employed in a large company can usually find the help and answers they need without leaving the company network. Most small businesses don’t have this luxury, and it’s up…
How Will Small Businesses be Affected by USSC’s Burwell v. Hobby Lobby?
On June 30, 2014, the United States Supreme Court ruled in Burwell v. Hobby Lobby that for-profit companies can have religious exemptions from providing contraceptive coverage in their health care. These corporations include being majority owned by five or fewer individuals. Contraceptives that can be exempted from coverage include IUDs and the morning-after pill. Other birth control pills were not…