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. 1. Do LLCs have to file annual reports?A. A corporation shall hold a meeting of shareholders annually at a time stated in or fixed in accordance with the bylaws. Under Arizona law, A.R.S. Section 33-1804(B) and 33-1248(B) an association must conduct an annual meeting of its membership at least once a year. Arizona requires at least one director for a corporation. Every Arizona corporation or nonprofit must submit their annual report on the anniversary of initial formation or registration. Have an accurate roster of owners: Under Arizona law, an association has a duty to keep an accurate roster of own- ers and their current addresses. 10-702; Special meeting. Corporations are required to hold certain formal meetings each year. B. Annual shareholders' meetings may be held in or out of this state at the place stated in or fixed in accordance with the bylaws.