Answers Newsletter and Mulcahy Cheat Sheets©

MULCAHY LAW FIRM, P.C. is committed to providing education to our clients and the industry through our newsletter Answers©, our popular MULCAHY Cheat Sheets©, other printed educational materials, seminars, classes and statewide presentations.

August, 2008   (Vol. 4, Issue 3)

Did You Know?

ASSOCIATIONS MUST PREPARE AND FILE AN ANNUAL REPORT WITH THE ARIZONA CORPORATION COMMISSION

Most community associations are incorporated as nonprofit corporations under Arizona law. Pursuant to Arizona law (A.R.S. Section 10-11622), all nonprofit corporations must prepare and file an annual report on a form provided by the Arizona Corporation Commission (“ACC”) and pay a $10.00 filing fee to the ACC each year on or before the due date assigned by the ACC.

One of the major benefits of structuring an association as a nonprofit corporation is protection of the association’s officers, directors and members from personal liability for the corporation’s debts and liabilities.

We suggest that all associations (that are incorporated as nonprofit corporations) check with the ACC to determine if their association is in good standing with the ACC.

http://corporation.azcc.gov – Associations can check their corporate status online by scrolling to the section titled “Corporate Records”, click on “Corporations Annual Reports by Corporation Name Search” and type in the name of your association as it appears in your association’s articles of incorporation.

You can access additional records, information and find answers and forms online by scrolling to the section titled “Divisions & Sections”, click to open the page for the corporations division. You can also find answers to questions in the “Frequently Asked Questions” section.

Not online?
For the status of your corporation: Phone: 602.542.3026
For information on filing documents: Phone: 602.542.3135
For information about your annual report: Phone: 602.542.3285
Corporate records: Phone: 602.542.3026

You can also visit the ACC to transact any business:
Arizona Corporation Commission
Corporation Division
1300 West Washington
Phoenix, Arizona 85007-2929


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