Legal Question in Business Law in Arizona

Re: Incorporation Filing

THE LAW OFFICES OF

DONALD W. HUDSPETH, P.C.

A PROFESSIONAL CORPORATION

�The Business of our Firm is Business�

You can have just one person in an Arizona Corporation and be the sole director, President, Secretary and Treasurer. You can add "CEO" if you like. You may authorize any number of shares of Common Stock you desire from 1 to trillions, but if you ever want to have other shareholders, it is best to have authorized, say, at least 10,000 shares, so there is some flexibility. You will also need Minutes, an EIN number, Bylaws, a Certificate of Disclosure, a corporate resolution and to publish the articles. Each year you will need to file an Annual Report. Is there a reason you chose a corporation over an LLC?

Please feel free to contact us if you have any questions.

Thomas J. Gadd,

Paralegal to The Firm

Law Offices of Donald W. Hudspeth, P.C.

3030 N. Central Avenue, Suite 604

Phoenix, AZ 85012

[email protected]

tele. 602.265.7997, ext. 106

fax 602.265.6099

Re: Incorporation Filing

If you are forming a corporation, then you can be the sole shareholder, President and other officer of the corporation. You would not be a member (that is for LLCs) and you could designate yourself as CEO, but that is not a traditional officer of a corporation. You could designate yourself as President and CEO, but it adds nothing legally.

You should be aware that filing the articles of incorporation is only one step, you need to publish the articles and you need to organize the corporation with a proper meeting of the shareholder(s) and the Board of Director(s). If you fail to do so, you may lose the protection and benefits of forming a corporation because you failed to observe the formalities of a separate legal entity.