BUSINESS CREATION

We offer 3 different packages, each one specifically created for different business situations. You can choose between our Limited Liability Package, Corporation Package, or 501(c)(3) Package. Everyone has different needs when it comes to running their business, trust us to help you make the best choices possible.

Do-it-yourself websites may seem like an appealing and cost effective alternative, but in the long run can they be detrimental to your business. We have an in-house tax professional that can help you determine the best status when it comes to taxation. Don’t leave your personal and business assets to chance, trust us to protect your future.

Limited Liability Corporation (LLC)

This business structure is unique in that it keeps the owner free from personal liability for the company’s debts and liabilities, but it can still be treated like a non-corporate entity for tax purposes. However, if you desire, it can be taxed as an S-Corporation (see definition below).

This package includes:
Articles of Organization: This document serves to define the purpose of your business, as well as the rights and liabilities of the shareholders and directors. This documents is required to be recognized as a LLC by the State of Arizona.

Operating Agreement: This document describes the operation of a LLC. It lists the members, their investment interests, the percentage they hold in interests, and the distribution of profits. It also sets out how the LLC is to be managed, the rights and duties of each member, what happens to the company assets when it is dissolved, and what happens to members shares when they leave. This document is also required to be recognized as a LLC by the State of Arizona.

Filing Documents: We will file your Articles of Organization, Operation Agreement, and a Cover Letter with the Arizona Corporation Commission. You do not have to have any contact with them.

Publication: After all of your documents have been filed you are required to publish your Articles of Organization in a newspaper. We will take care of this for you as well, the cost of it is included in the flat fee that you pay for business organization.

Application for Employer Identification Number: We will complete the forms necessary for you to get an EIN from the IRS.

Corporation

This type business is owned by stockholders or shareholders who share in the profits and losses of the business. A Corporation is viewed as having the same rights as a person, except for voting. It can buy, sell, own, and enter into contracts. It can sue people and other corporations, and it can also be sued. The owners of a corporation have limited liability to creditors or others looking to take assets. Their liability only includes the resources of the corporation, unless they made a personal guarantee. Also, corporations continue to exist beyond the lives of the owners. This is possible because ownership can be transferred through a sale or gift of shares.
There are also two sub-categories of corporations, these categories relate to how the corporation is to be taxed:
The first category is a C-Corporation. This is an organization of a corporation where the corporation is taxed as a separate entity. Profits and losses are reported through the corporation. However, there is a chance of double taxation when dividends are distributed. In this case the assets are taxed at the corporate level and then again on the individual return of the person(s) who received the dividends.

The second category is an S-Corporation. This method of organizing a corporation creates a “flow through” form of taxation. This means that there is no income tax paid on the corporate level. All of the profits and losses are reported on the personal tax returns of the owner.

This package includes:

Articles of Incorporation: This document serves to define the purpose of your business, as well as the rights and liabilities of the shareholders and directors. This documents is required to be legally recognized by the State of Arizona as a Corporation.

Bylaws: This legal instrument establishes the day to day operating procedures of a Corporation. It sets out the location of the business, location of the annual meeting, date and place of the annual meeting, names of the corporate officers and their duties, names of the board of directors, to list a few. Basically put, it is a contract among the members of a corporation in regards to how it is to be run. This document is required to be legally recognized by the State of Arizona as a Corporation.

Filing Documents: We will file your Articles of Incorporation, Bylaws, and a Cover Letter with the Arizona Corporation Commission.

Publication: After all of your documents have been filed you are required to publish your Articles of Incorporation in a newspaper. We will take care of this for you as well, the cost of it is included in the flat fee that you pay for business organization.

Application for Employer Identification Number: We will complete the forms necessary for you to get an EIN from the IRS.

501(c)(3) Corporation

This business structure refers to a non-profit corporation that has been granted tax-exempt status under Section 501(C)(3) of the Internal Revenue Code. Businesses under this structure are often referred to as charitable organizations. To qualify for 501(c)(3) status the corporation must be organized and operated exclusively for the exempt purposes set out in the section. The corporation must not be organized for private interests, nor may any of the earnings benefit a private shareholder or individual.

What this package includes:

Preparation and Filing of Form 1023: We will fill out this form for you and complete all of the added amendments and attachments. In total this can add up to over 100 pages of documentation. We can take away any stress or confusion that these forms might have caused you.