Factoring Purchase Agreement Formula In Pima
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Contractors engaging in taxable construction projects or activities are required to obtain a TPT license.
This applies to TPT licensees that are registered and have filed returns using business code 045 for engaging in the business classification of residential rental. Residential rental is the rental of real property for a period of 30 or more consecutive days for residential (i.e. noncommercial) purposes only.
Most Construction contractors (both primes and subs) must be licensed with the Arizona Registrar of Contractors; some exemptions apply. To become a licensed contractor, you must submit an application showing you have passed one or more written exams, met appropriate experience requirements, and have sufficient bonding.
If a business is selling a product or engaging in a service subject to TPT, that business will likely need a license from the Arizona Department of Revenue (ADOR) and a TPT, or business/occupational license, from the city or cities in which the business has a base or operation.
No. A business license may be required by a city to do business in that city. This requirement varies depending on the city in which you are conducting business. The state does not require or issue business licenses.
Taxable Contracting Activities All contractors are considered to be prime contractors and must have a transaction privilege license. This includes general contractors, subcontractors, and specialty contractors.
