Incorporation in Arizona

Sedona Incorporation Attorneys, AZ

Find the Right Lawyer Now

Arizona law allows a business to incorporate and be identified as its own legal entity. As a separate entity from the owners, the business is then considered to be acting on its own when it buys and sells property, assents to contracts and exercises legal rights. A business looking to incorporate in Arizona must file with the Secretary of State in accordance with established guidelines.

Benefits of Incorporation in Arizona

There are distinct advantages to incorporating a business. Most importantly, liabilities the business accrues may be satisfied only by assets that the owners have specifically invested in it. Had the business instead remained a collection of the owners' personal assets, the personal property of the stakeholders could be liquidated to pay the liabilities of the business, if it runs into financial issues. Also, creditors in the Sedona area generally prefer to deal with corporations, since a loan is an investment more easily evaluated when the credit-worthiness of various owners is not an issue. Finally, a corporations charter requires that ownership be divided into stakes or "shares" of stock, all of equal size. This makes the process of transferring control much more practical.

Find a Sedona Lawyer that Specializes in Your Area of Need:

Incorporation Attorneys and Law Firms in the Largest AZ Cities

Show Arizona Cities

Costs of Incorporation

Incorporation comes at a price. First, Arizona might charge a filing fee to process applications for incorporation. Also, the corporation will pay taxes as its own entity. The individual incomes of the owners are still taxed also, and this can mean the same income is taxed twice, known as double taxation. With proper planning and assistance from a local Sedona lawyer, you can avoid this disadvantage.

Find the Right Lawyer Now

Breach of Contract Lawyers in Other Arizona Cities and Towns

Top Rated Lawyers

View attorney profiles and see how other LegalMatch users rate attorneys that may respond to your case.

Business - Transactional Lawyer
LegalMatch Business - Transactional Lawyer Gregory M.

Gregory M.

Coconino, AZ

Business - Transactional

Rating (3 users) *****
See Reviews
Business - Transactional Lawyer
LegalMatch Business - Transactional Lawyer DeeAn G.

DeeAn G.

Maricopa Southwest, AZ

Business - Transactional

Rating (14 users) ****
See Reviews
Business - Transactional Lawyer
LegalMatch Business - Transactional Lawyer Robert L.

Robert L.

Maricopa Southwest, AZ

Business - Transactional

Rating (7 users) *****
See Reviews
Business - Transactional Lawyer
LegalMatch Business - Transactional Lawyer Brian D.

Brian D.

Morrow, OH

Business - Transactional

Rating (5 users) ****
See Reviews

Need a Business Lawyer?

No obligation - Lawyers compete for your case. Choose your issue & get started now: