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In Arizona, the annual report for corporations is due on the anniversary date of the corporation's formation. The first annual report is due in the calendar year following the year of incorporation. For example, if a corporation was formed on October 15th, 2022, the first annual report would be due on or before October 15th, 2023.
After the first annual report, subsequent annual reports are due on the anniversary date of the corporation's formation each year. It's important to note that failure to file the annual report by the deadline may result in late fees, penalties, or even the administrative dissolution of the corporation.
The annual report can be filed online through the Arizona Corporation Commission's website or by mail. The filing fee for the annual report varies based on the type of corporation and the authorized shares. It's recommended to file the annual report in a timely manner to avoid any penalties or consequences.
Breaking News
Phoenix, Ariz. — The Arizona Corporation Commission (ACC) is committed to supporting and facilitating business operations in Arizona. In line with this commitment and our ongoing efforts to keep business owners well-informed, the ACC wishes to inform you about a significant new reporting requirement effective from January 1, 2024.
The United States Congress has passed the Corporate Transparency Act (CTA) to combat money laundering and terrorist financing. This Act mandates beneficial ownership reporting for corporations, limited liability companies, and similar entities registered in the United States. Entities formed or registered before January 1, 2024, must file an initial beneficial ownership report before January 1, 2025.
Key Points of the Corporate Transparency Act:
- Reports must be filed with the Financial Crimes Enforcement Network (FinCEN), not the ACC.
- Most businesses registered with the ACC are subject to this requirement.
- Non-compliance may lead to significant civil and criminal penalties.
For detailed information about this new requirement, please visit our CRIB sheet, Consumer Alerts page, and FinCEN's BOI page.
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When starting a new business, there are many important decisions to make and rules and procedures to be addressed. First and foremost is how to register in Arizona.
Step 1: Starting a Business: Business Planning and Development
Step 2: Operating a Business: Registration, Compliance and DBAs
Step 3: Growing a Business: Registering in other States and Trademarks
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Arizona Business Plans
By David Lanlias USA File
Along with your Bylaws and Operating Agreement, business owners must prepare a Business Plan that includes your marketing strategies. A banker or SBA will need a Business Plan before they can help you. A good business plans will help avoid the pitfalls that occur to small companies that do not plan their future.
The marketing plan should include traditional and e-marketing. The cost of implementing your business plan should not cost you an arm and a leg. It should be proportional to your business size, volume and growth potential. This may include print advertising, radio, television, cable television and mass mailings. Your marking plan should include the development of a website.
Company owners should be honest with themselves and create a mission for the company. A mission statement should be kept close and followed. This way you can create a solution before the problem becomes insurmountable. Surround yourself with trusted advisors such as bankers, CPAs and attorneys.
Arizona Annual Fees and Taxes
By Jack Cohen USA File
After filing your entity with the Secretary of State, it is time to have your bookkeeping and tax planner in place. Income tax, payroll tax, state tax, sales tax and property tax. We are being taxed left and right and someone needs to care for your new company. Today, many businesses turn to CPAs for help. They will become a trusted advisor on major business and financial decisions. They can give advice on running and managing a business, and help manage your growth potential. Most lenders prefer financials prepared by CPAs
A CPA will show you the most effective accounting systems for your type of business. Advice on tax preparation, personal financial planning, and auditing services are important. They will also advise you on deductions and how to separate your personal and business expenses. The tax codes are complex and taxes for a business are more complicated than for an individual.
Good record keeping is an essential requirement for monitoring the financial health of your company. There is an efficient and practical way for you to keep your financial records in order. CPAs can provide services outside their home state The Uniform Accountancy Act provides