Enhance Your Business Plan With a Shelf Corporation or LLC From Wyoming, Montana or New Mexico; for Use in Arizona.
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Arizona Shelf Corporations and Arizona Shelf LLC’s
Should you acquire an Arizona shelf company? Or should you acquire a shelf company from another state and then file it into Arizona? At first glance, AZ LLC’s don’t require an annual report, which is why many people assume compliance is simple. However, corporations must still file reports, and many businesses later discover they need a certificate of good standing Arizona to open bank accounts, secure financing, or register in other states.
Business Credit With an Arizona Limited Liability Company
When filing the AZ LLC, the members (owners) are disclosed. This means the public knows you own the LLC. This disclosure can help when applying for business credit because banks often request proof such as an arizona certificate of good standing to confirm the company is active and compliant.
Surprisingly, you’re often better off with an aged shelf company from another state. Arizona collects ownership information, and any ownership change may reset the company’s respected age. This can create issues when lenders request a certificate of existence Arizona or similar documentation during underwriting.
Arizona Asset Protection/privacy
If you need asset protection or privacy, then the Arizona LLC is not a good option at all. Arizona doesn’t offer ample asset protection. And further, the disclosure of the LLC members makes it easy for any hostile creditor to go after your interest in the Arizona LLC. Anyone considering suing you will definitely take that into consideration as low hanging fruit in collecting a court judgment. It will also be a motivating factor to sue you in the first place. Therefore, the AZ LLC is not a good choice in terms of incorporating at all. In fact, there’s no reason to incorporate in AZ, and there’s no reason to buy an aged shelf Arizona company, unless you live in AZ.
The Solution:
Acquire a New Mexico aged shelf company and file it in Arizona. Montana companies are also a strong option. Both states avoid public ownership disclosure and simplify long-term maintenance. When you later qualify the company in Arizona, you can still obtain compliance documents like a certificate of good standing arizona when required for lenders, vendors, or state registrations.
What if You’re Seeking Privacy From the Public Record?
We provide a Manager for your company for an annual fee. This allows you to control an Arizona LLC without your name appearing on the public record, while still maintaining compliance and the ability to request an arizona certificate of good standing when needed.
Filing Delays
Arizona is known for their filing delays. Their filing fee is usually $50. The expedite fee is $35 and cuts the wait time from a month to about a week.
Please consider these issues:
1. Fees:
When acquiring any shelf company, you are paying the fees that the previous owner paid, maintenance fees plus a premium. This means that a quality shelf company from ARIZONA is extraordinarily high because of the incorporation and maintenance costs.
On the contrary, a company from Wyoming or New Mexico cost less to form and maintain. Therefore, the cost of the shelf company is less.
2. Business Licenses & Reports:
Further, ARIZONA requests that the owners are disclosed on annual reports and licenses. Lacking these AZ licenses are a problem when applying for corporate credit. And since these licenses (if they would exist), don’t have your name on them, a change of ownership is evident. The states of Wyoming and Mexico don’t ask for information on the owners of the companies. Therefore, any change of ownership is not reported. Remember that a change of ownership may be reset the date of the shelf corporation or shelf LLC.
Answer: Buy a Shelf Corporation Foreign to the State of Arizona.
This is the best solution for several reasons:
Would you like a list of the available shelf companies from Wyoming and New Mexico? Please request the list here.
SOURCE: http://www.azcc.gov/divisions/corporations/faqmanual.asp#rc
Frequently Asked Questions
Corporate Filings
Annual Reports.
LLC’s are not required to file annual reports with the Arizona Corporation Commission, Corporations Division.
Records Section
Acceptable forms of payment are Cash, Check, or Money Orders. We currently accept Master Card and Visa credit cards for the following items: Electronic on line documents (annual reports, name reservations and good standings). Visa and Master card are accepted in the (Phoenix office location) for documents filed in person or replenishing a money on deposit account. Please make check or money order payable to the Arizona Corporation Commission. To avoid delay in processing documents, submit payment with your forms.
Starpas System
Arizona Corporation Commission Information Technology Division 1200 West Washington Street 1st Floor Phoenix, Arizona 85007
If you cannot access this form via the internet we can fax, mail or e-mail the form to you by contacting the IT Division at 602-364-4433 or by sending a request via e-mail to: itsupport@cc.az.gov.
Aged Shelf Corporations and LLC’s Offer No Tax Advantages. We’re Not Attorneys. We’re Not Tax Advisors.
Quickie Arizona Reference for Documents.
Arizona Main State Website Corporations & LLC’s
29-1105. Law Governing Foreign Limited Liability Partnerships
Follow this seven-step process to develop a business credit portfolio and maximize your business’s ability to obtain the funding necessary for its growth and success:
Known Place of Business Address
Corporations and limited liability companies are required to provide a known place of business address in Arizona, and that address must be a street or physical address. See A.R.S. §§ 10-202, 10-501, 10-502, 10-504, 29-604, 29-605, and 29-632. The Arizona known place of business address may be the same as the street address of the statutory agent. Id.
The Corporations Division of the Arizona Corporation Commission will not accept post office box or private mail facility addresses for the known place of business address for corporations and limited liability companies. If the known place of business address listed on any document submitted to us is not a street or physical address, the document will be rejected.
Is your Annual Report due?
Is This Information Correct? Please See Your Tax Advisor. Confirm Before You File.
Building Corporate Credit
