Arizona Corporation Commission – Corporations Division. State the total number of shares the corporation is authorized to issue.Stating the initial par value per share is optional. To fill out the form, you'll need to provide information on your company's business activities and a description of the stock you're registering. What should a bill of sale for issued stock include? S corporations complete this form to distribute the S corporation's income to non-Arizona resident shareholders. The following is a checklist and explanation from A to Z of the tasks necessary to incorporate a business in Arizona. The number of shares the corporation is authorized to issue. The board of directors must authorize any issuance of shares, unless this power is reserved to the shareholders in the articles of incorporation. 10-604; Fractional shares.