Introduction to Starting a Business in Arizona
Arizona allows new businesses to survive and thrive. It is one of the best places in the U.S. to start up a company. Arizona was named the seventh best state to start a business.
Starting Costs and Considerations
- Registering your business in Arizona costs $50-60.
- Other startup costs vary depending on your industry.
- A home-based business could cost a few hundred dollars.
- Industries like technology, aerospace, renewable energy, and healthcare are growing in Arizona.
- Major companies like Intel, Apple, and Amazon operate here.
Starting a Business in Arizona
The timeline for starting a business varies by type. It could take a few weeks to a few months to start. Some good cities to start a business are Phoenix, Tucson, and Scottsdale. Arizona’s cost of living score is 103.2, slightly above average but still affordable compared to other states. Real estate and overhead costs are generally affordable here.
Forming an Arizona LLC
- You can form your Arizona LLC yourself for free or pay a service for $200.
- You’ll need a business plan and to register your business entity.
- Be realistic about the time and effort required to launch.