Selecting the proper type of business entity when forming a business is critical to success. Among the factors that must be considered are the owners’ aversion to risk, the taxes that are paid, and other important elements.
The experienced attorneys at Murphy Cordier Casale Axel PLC help clients in forming the right type of business for their individual needs and characteristics. The primary types of business legal structures are:
- Sole Proprietorship
- Limited Liability Company (LLC)
We listen to our clients to understand their business objectives so that we can advise them properly on the best structure for their business. Part of that advice includes selecting the state of incorporation, corporate governance, protection of corporate assets, mergers and acquisitions, and sales dispositions, and dissolutions.
Forming a Business in Arizona
Starting a business in our state means complying with the requirements of the Arizona Corporation Commission and other agencies. Our attorneys have years of experience checking on name availability, securing the name of the company, filing with the Corporation Commission, completing privilege tax applications with the Arizona Department of Revenue (if necessary), and registering your business entity with the city or county in which the business is located. We also can obtain an EIN (employer identification number) or TIN (tax identification number) from the federal IRS, and advise you on how to set up your banking account based on the business entity you chose to form.
Advising Our Clients
Our attorneys advise clients on divisions of ownership, transfer of ownership in acquisitions and business succession to future generations, which requires an understanding of Arizona probate laws and estate planning. Murphy Cordier Casale Axel PLC are well-versed in all areas of law that are required to assist a new business, including corporate, partnership, taxation, real estate, intellectual property, securities, bankruptcy, fiduciary duties, M&A law, as well as nonprofit company formation.