Factoring Agreement Filed With State In Phoenix

Category:

Contracts - Factoring

State:

Multi-State

City:

Phoenix

Control #:

US-00037DR

Format:

Instant download

Description

The Factoring Agreement filed with the state in Phoenix is a legal document outlining the terms between a Factor and a Client regarding the assignment of accounts receivable. This agreement enables the Client to receive immediate cash flow by selling their receivables to the Factor. Key features include the assignment of accounts receivable, sales and delivery protocols, credit approval processes, and stipulations on the assumption of credit risks. It details the purchase price calculation, including any commissions, interest, and reserve requirements. Additionally, it mandates regular financial reporting from the Client to the Factor and grants the Factor certain rights over the Client’s accounts. For the target audience, including attorneys, partners, owners, associates, paralegals, and legal assistants, this form serves as a vital tool for facilitating financial transactions, ensuring compliance with applicable laws, and protecting their client's interests. Proper filling and editing instructions are essential for maintaining the document's legal standing, and the agreement can be tailored to suit various business needs.

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FAQ

Rates effective January 1, 2024 through present. 8.6% Sales Tax Chart - Combined (State of Arizona + Maricopa County + City of Phoenix) tax due on Retail Sales from $0.01 to $100.00. 8.3% Sales Tax Chart - Combined (State of Arizona + Maricopa County + City of Phoenix) tax due on Retail Sales from $0.01 to $100.00.

Phoenix sales tax details The minimum combined 2025 sales tax rate for Phoenix, Arizona is 8.6%. This is the total of state, county, and city sales tax rates. The Arizona sales tax rate is currently 5.6%. The Phoenix sales tax rate is 2.3%.

2024 tax brackets 2024 tax rateSingleHead of household 24% $100,526 to $191,950 $100,501 to $191,950 32% $191,951 to $243,725 $191,951 to $243,700 35% $243,726 to $609,350 $243,701 to $609,350 37% $609,351 or more $609,351 or more4 more rows

Maricopa sales tax details The Arizona sales tax rate is currently 5.6%. The Maricopa sales tax rate is 2.0%.

The state use tax rate is the same as the state transaction privilege tax (TPT) rate (sometimes referred to as sales tax), currently at 5.6 percent. In addition to state use tax, cities also assess use tax through TPT.

Phoenix has a combined sales tax rate of 8.6%. In Arizona, the sales tax rate can be made up of three different sales tax rates: The Arizona state sales tax rate: 5.6%

The purpose of the Certificate is to document and establish a basis for state and city tax deductions or exemptions. It is to be filled out completely by the purchaser and furnished to the vendor at the time of the sale.

Arizona Form 140 is for full year residents only. You may not file a joint income tax return on Form 140 if any of the following apply: Your spouse is a nonresident alien (citizen of and living in another country). Your spouse is a resident of another state.

Contractors engaging in taxable construction projects or activities are required to obtain a TPT license.