HOW LONG CAN A CORPORATION DO BUSINESS IN ARIZONA WITHOUT FILING AN APPLICATION FOR AUTHORITY AND IS THERE ALWAYS A FINE?
Pursuant to A.R.S. §10-1501 a corporation SHALL NOT transact business in this state without obtaining authority from the Commission. In addition to late Annual Report filing penalties (if applicable) which are always imposed pursuant to A.R.S. §10-1502.D. the Attorney General may bring an action to recover an additional penalty of up to one thousand dollars.However, there are specific types of business which do not constitute transacting business in Arizona, i.e. interstate commerce. The exemptions are enumerated in A.R.S. §10-1501.B. The list, however, is not exhaustive, and therefore, the Commission cannot determine if a corporation must obtain authority to transact business in Arizona. Responsibility is then upon the Superior Court. You can refer to the statutes at ARS STATUTES Title 10 for additional information.
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- HOW LONG CAN A CORPORATION DO BUSINESS IN ARIZONA WITHOUT FILING AN APPLICATION FOR AUTHORITY AND IS THERE ALWAYS A FINE?
