On the heels of the FINCEN BOI LLC and business reporting nightmare, Arizona has now added four detailed requirements for those forming business entities that take effect as soon as June 16 2025. This information comes directly from the Arizona Corporation Commission.
Arizona LLC Requires 4 New Steps
ACC Corporations Division Announces New Policies Aimed at Preventing Business Filing Fraud The Arizona Corporation Commission voted unanimously on May 8, 2025 to implement policies to help deter business fraud and to help protect business owners from unauthorized filings. The Commission voted to the implement the following policies:
While continuing to refine and streamline processes to make it easier for entrepreneurs and business owners to register and file on behalf of their businesses, the Corporations Division has identified specific and limited policies that would be most impactful in improving overall customer experience while helping to deter fraudulent filings, in the least intrusive and burdensome ways. The policies, in further detail, are as follows: Policy 1: Two Forms of ID Customers will need to present two forms of ID when filing. From the prescribed lists below, customers can present one Primary Form and one Secondary Form, or two Primary Forms of ID to satisfy this requirement: Primary Forms of ID
Secondary Forms of ID
Service company and law firm “runners” will have a different procedure for verifying their identity. Policy 1 Effect Dates:
Policy 2: LLC Signing Authority Form To help ensure proper signing authorization, LLCs have the option to complete a Signing Authority Form. A Signing Authority Form can only be completed by an existing and registered member or manager of an LLC. Existing LLCs may only complete a Signing Authority Form in-person, with appropriate identification, in the presence of ACC staff. Once completed, the Signing Authority Form will be retained and validated against all subsequent business filings. The Signing Authority Form is solely for the purpose of designating who, outside of existing members or managers, can sign on behalf of a business. The form cannot be used to limit any ability of a member or manager to sign on behalf of the business. Policy 2 Effect Dates:
Policy 3: Attestation of Existence for LLCs Each January, the Corporations Division will identify and send electronic notice to LLCs that have not filed any documentation with the ACC in 2 years. The electronic notice will be sent to the LLC's statutory agent and/or business owner, requesting an electronic response to verify that the LLC continues to actively exist and conduct business. The response will only require the action of clicking a respond button through the online portal. If a response is not received by the LLC within 60 days, the Corporations Division will commence the administrative dissolution process on the grounds that the LLC's statutory agent and/or principal address have not been kept current. The LLC's status will change to “pending inactive” until the completion of the 120-day administrative dissolution process. Policy 3 Effect Date: Online: TBD (in conjunction with the Corporations Division's new online filing system scheduled to launch later this year). Policy 4: Filers May Use Their Own Annual Report and Certificate of Disclosure Forms Corporations may use their own Annual Report and Certificate of Disclosure forms, provided they meet the statutory requirements and are accompanied by the ACC'S Guidance Worksheet. The Guidance Worksheet is designed to ensure that self-drafted Annual Report and Certificate of Disclosure forms include all statutory requirements. If the Guidance Worksheet is not completed and filed with the self-drafted Annual Report and Certificate of Disclosure forms, the filing(s) will be rejected. As an alternative, filers will continue to have the option to use the ACC's Annual Report and Certificate of Disclosure forms. Policy 4 Effect Date:
These policies are designed improve the customer experience and to help protect business owners from fraudulent filings. The Arizona Corporation Commission and the Corporations Division will continue to strive to enhance the customer experience and the security of business filings. For questions, please contact the Corporations Division at: Email: Call Center: Toll Free In-State Only: |
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