S corporations complete this form to distribute the S corporation's income to Arizona resident shareholders. S corporations complete this form to distribute the S corporation's income to non-Arizona resident shareholders.It is highly recommended that you submit your filings on the A.C.C.'s website, eCorp. All meetings of the members' association and the board of directors, and any regularly scheduled committee meetings, are open to all members of the association. Minutes of Shareholders' Meetings record the decisions made during a shareholders' meeting. This guide will help you file formation documents, get tax identification numbers, and set up your company records. A Shareholder Proxy is a document that allows a shareholder to authorize someone else to vote on their behalf when absent from a meeting. Fill Out the Application. Ready to apply, visit Permit Center. 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.