Arizona Business Formation
When you turn to the Law Office of Luke Reynoso, P.L.L.C. for assistance establishing your new Arizona business, we work closely with you to ensure that your business begins on solid legal foundation. You can focus on business operations with the peace of mind that your business structure is the right choice and that all necessary legal steps are complete.
Scottsdale business formation attorney Luke Reynoso provides services to Arizona clients from our primary office in Scottsdale, as well as from satellite offices in Gilbert, Phoenix, North Phoenix, and Peoria. We serve clients throughout Metro Phoenix and Maricopa County.
Choosing Your Business Structure
Federal and Arizona laws offer many choices for the legal structure and tax filing status of your new business. Unless you consciously make a choice, your single-owner business is a sole proprietorship by default. You report income on your personal tax returns.
Choosing the right type of legal entity for your business affects both taxation and potential liability. Making the right choice can limit your personal liability for business debts and minimize the taxes you pay on your business income.
Available legal structures or entity type for liability and taxation of an Arizona business include:
- Sole proprietorship
- Limited Liability Company / LLC
- Professional Limited Liability Company / PLLC
- General partnership
- Limited Partnership / LP
- Limited Liability Partnership / LLP
- Limited Liability Limited Partnership / LLLP
- Family Limited Partnership / FLP
- C corporation
- S corporation
- Non-profit corporation
- Benefit corporation
- Professional corporation
- Business trust
Your best choice for the legal structure of your business depends on many different factors, including the nature of your business and your personal financial situation. Another critical factor is the number of individuals who have an interest in the business, now and in the future.
Before you make a decision about the entity type and tax filing status for your business, it is essential to discuss your business and circumstances with a knowledgeable business formation attorney. In working with you to choose the best structure for your business, Attorney Luke Reynoso fully discusses your individual circumstances and takes into account your goals and needs regarding:
- Management flexibility and constraints
- Operational legal requirements and formalities
- Ownership transferability
- Continuity of the business
You can count on our firm to explain precisely all aspects of your choice of entity, as well as the effect on running your business and requirements you need to meet on an on-going basis.
Creating Your Business
After you decide on the legal business model for your new venture, there are a number of legal steps for establishing the business. The specific steps depend on the type of entity.
Regardless of what structure you choose, Scottsdale business formation attorney Luke Reynoso ensures that all necessary documents and filings are in place. That may include:
- Creating Articles of Incorporation or Articles of Organization
- Establishing an Operating Agreement for your business
- Drafting a shareholder or partnership agreement
- Choosing and registering a trade name with the Arizona Secretary of State
- Obtaining an EIN / Employer Identification Number
- Filing specific documents with the Arizona Corporation Commission
- Satisfying applicable public notice requirements
If your business structure is an LLC — the popular choice for many businesses — a new Arizona law enacted in 2018 and effective in September 2019 affects the legal provisions that apply. At the Law Office of Luke Reynoso, we ensure that you understand the implications of the new statute and conform to all the new requirements.
Talk With an Experienced Scottsdale Business Formation Attorney
Attorney Luke Reynoso’s more than 10 years of experience in business formation benefits every client — but Luke’s experience is not the only advantage in choosing our firm. Luke holds a Bachelor of Science degree in Accounting and a Masters of Law in Taxation, as well as a Juris Doctor law degree. Utilizing his unique skill and knowledge enables him to focus specifically on protecting your assets in the course of establishing your business.
From our primary office in Scottsdale office and our satellite offices in Gilbert, Phoenix, North Phoenix, and Peoria, the Law Office of Luke Reynoso serves clients throughout Metro Phoenix and Maricopa County.