50 States of Incorporation: Arizona

Nicknamed The Grand Canyon State and infamous for its deserts and national parks, our state of the week in our 50 States of Incorporation series is Arizona. The 48th state to be admitted into the Union with Phoenix as the state capital, Arizona is also the 15th most populous of the 50 states. Companies including US Airways, PetSmart, and Cold Stone Creamery call Arizona home for their headquarters, but as revealed on CNNMoney Arizona also ranks as the most entrepreneurial state in the country, with tech, software, retail and tourism start-ups sprouting up all over the state.

With so many companies staking ground there, what’s the allure of starting a business in Arizona?  While forming an incorporation isn’t without its requirements, with the most distinctive one being that all Arizona LLC’s must have a registered agent service, some of the benefits of creating an LLC in Arizona include the following:
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Corporate Resolutions – Free!

Corporate resolutions include most formal actions and decisions approved by your board of directors (or in the case of an LLC—your members). There are multiple situations in which you would need a specific resolution to cover a particular transaction.

Corporate resolutions are resolutions made by your directors and shareholders on behalf of the company. These resolutions can range from assigning a lease or authorizing a contract, to selling real estate or terminating a lease. Drafting and maintaining Corporate Resolutions while operating your business can be a tedious task. Continue reading