Corporation (C-Corp) Formation Documents and Filing in Arizona
A for-profit Corporation document that Dynasty Legal Documents prepares is a “C” Corporation (referring to Chapter “C” in the IRS code).
What is a Corporation?
Corporation definition: a company or group of people authorized to act as a single entity and recognized as such in law.
In Arizona this could be a “for-profit” or “non-profit” corporation. You may see this coded by the I.R.S. as S corp, C corp or 501c3 corp and a common opportunity to learn is these are only related to tax status not corporation type.
Benefits
- Allows your business to be its own entity. Legally separate from you to provide protection. This could also allow your business to enter contracts
- Stock Options - Converting or starting your business as a C-Corporation opens the ability for stock options.
- International Business - Corporations are recognized in most countries allowing you to establish and conduct business there given adherence to all applicable laws.
