US Legal Forms
Management Agreement and Option to Purchase and Own

All Business Purchase Format In Phoenix

Category:

Landlord Tenant - Property Management

State:

Multi-State

City:

Phoenix

Control #:

US-00059

Format:

Instant download

Description

The Management Agreement and Option to Purchase is a crucial document for businesses in Phoenix seeking to outline management responsibilities and the potential purchase of business assets. This form facilitates the appointment of a General Manager and details key terms such as the duration of management, duties, and compensation based on net income. It emphasizes that the manager operates the business independently, allowing for efficient management without interference. The agreement includes a provision for repairs and maintenance of the business location, ensuring compliance with health regulations. Furthermore, it provides an option to purchase, which can be exercised within a specified timeframe, along with details about the purchase process and responsibilities regarding liabilities. This document serves as a comprehensive framework for attorneys, partners, owners, associates, paralegals, and legal assistants in managing business operations effectively and planning future ownership transitions. It is user-friendly, designed to be clear and direct, making it accessible even for those with limited legal experience.

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FAQ

Contents How to get an Arizona LLC in 7 steps. Name your Arizona LLC. Choose your statutory agent. Prepare and file articles of organization. Create an operating agreement. Complete publication requirements. Get an Employer Identification Number and open a business bank account. Register for taxes and Arizona business licenses.

Corporations and Limited Liability Companies are advised to check name availability with the Corporation Commission at .

The City of Phoenix does not have or issue a general business license. Only certain activities are regulated and require a license or require a recommendation/approval from the City.

AZTaxes License Verification. Enter the eight digit transaction privilege tax license number that you would like to verify. After entering the number, click Submit.

Maricopa County does not issue or require a General Business license for unincorporated areas of the County. If you are located in an incorporated city or town, check with your municipality. For more information, the Arizona Department of Revenue provides a Licensing Guide for obtaining business licenses in Arizona.

Q: I am based in Arizona and I do not have a storefront, I only sell online; does this mean I am a remote seller? A: Even without a storefront, if you are based in Arizona, you are an Arizona retailer will likely be required to obtain a transaction privilege tax (TPT) license.

Arizona does not have a general business license at the state level, but local licenses are often required.

A completed Business License Application is required for the following types of businesses: restaurant, medical office, general office, entertainment, auto service, consumer service, contractor, manufacturing, service, distributor, and retail sales.

General The City of Phoenix requires a license from all businesses that have a privilege (sales) or use tax liability. We do not require a license for businesses without a tax liability, except for business activity subject to a Business / Regulatory license.