AZ Corporation Commission Announces New Policy

In an effort to reduce business filing fraud, the Arizona Corporation Commission (ACC) has announced the implementation of a new Attestation of Existence policy.  

What You Need to Know:

• Starting later this year, the ACC will send electronic notices each January to all business entities that have not submitted any documentation in the past two (2) years.
• Business owners must electronically confirm their continued existence and business activity.
• If no response is received within sixty (60) days, the ACC will initiate administrative dissolution (a 120-day process).

The effective date for this policy has not yet been announced, but it will coincide with the launch of the ACC’s new online filing system later this year.

What You Should Do:

• The electronic notice will be sent to the Statutory Agent and/or business owner.  Make sure your email address on file with the ACC is current so you don’t miss important notices.
• Monitor communication from the ACC and respond promptly to any Attestation of Existence requests.

For more information on the new Attestation of Existence policy and other changes the ACC is making to their processes and procedures, visit the ACC’s news page by clicking here.