The statutory agent can independently complete and submit form M002, the. 1. How do I form a corporation?2. How do I form a nonprofit corporation? The following is a checklist and explanation from A to Z of the tasks necessary to incorporate a business in Arizona. This article details the steps and paperwork necessary to create a business in Arizona. This guide will help you file formation documents, get tax identification numbers, and set up your company records. Forming a corporation in Arizona is easy. It's a great way to structure your business and protect your personal assets. Arizona law requires all Arizona corporations to hold a meeting of shareholders annually at a time stated in or fixed in accordance with the bylaws. The board of directors must authorize any issuance of shares, unless this power is reserved to the shareholders in the articles of incorporation.