Wednesday, May 18, 2016…today The Governor signed HB 2447 which eliminates the requirement for new businesses in Maricopa and Pima Counties to purchase advertisements in newspapers to publish their articles of incorporation.
This bill has been tried for the last 15 years without success; this year the Arizona Free Enterprise Club took the lead in fighting for its passage. Despite the newspaper industry hiring an army of lobbyists to protect their corporate welfare, good public policy ultimately prevailed over entrenched special interests.
The Club’s President, Scot Mussi celebrated the victory, “HB 2447 was a win for Arizona businesses. This is one less cost and impediment to small businesses starting and growing in our state. We appreciate the members of the legislature and Governor Ducey for supporting the bill.”
Arizona joins the 21st Century and 46 other states in abolishing this archaic requirement of new businesses. Formation documents instead, will continue to be filed and published on the Arizona Corporation Commission’s website, accessible at no cost to the public and no additional cost to the businesses.