How to Form an S-Corp in Arizona: A Comprehensive Guide for Your Business
Are you're considering starting a business in Arizona, establishing an S-Corp might be an excellent choice for you. An S-Corp, short for Subchapter S Corporation, offers the advantage of being taxed similarly to a partnership. This means that the corporation itself does not pay federal income taxes. The profits and losses pass through to the shareholders, who report them on their individual tax returns. By doing so, significant tax savings can be achieved for the shareholders. To successfully form an S-Corp in Arizona, it is essential to follow a series of steps. First and foremost, you need to select a unique and distinguishable name for your corporation, ensuring it is different from any other businesses operating in Arizona. To check the availability of your desired name, you can easily verify it on the website of the Arizona Corporation Commission (ACC). You will need to choose a name, the next step after choosing your name involves filing the Articles of Incorporation with...