If you’re planning to incorporate your work at home busienss this year it’s important to understand the incorporation laws and how that affects incorporation for your particular state. Here’s an example of incorporation procedures for Arizona.
There can be tax advantages to incorporation but there may be a few extra hurdles you weren’t aware of…
In addition to checking the state’s database of corporate names that can be accessed from here and the paperwork of the procedure on the side of the state, you’ll also note that, once approved, there’s an additional expense and hassle of making public notification of your new business. Sorry, putting a comment on this blog isn’t enough to achieve that. Instead you may also to announce the “birth” of your corporation through a newspaper acceptable to the state. Again noting the example of Arizona, you can access a list of representative papers for making incorporation announcements. If this is required in your jurisdiction, you’ll be able to estimate the cost that this adds to your incorporation plans.
Rex Little on January 25th, 2007 at 10:42 pm
This is accurate as far as I can see. One thing that wasn’t mentioned in this is article is that it is less expensive to incorporate in Arizona than almost any other venue.
The annual filings in Arizona are affordable, and most “maintenance” notices are virtually free.
To change an Arizona corporation’s place of business, the Secretary of State assess $10.