This form is a simple model for a bill of sale for personal property used in connection with a business enterprise. Adapt to fit your circumstances.
Property Owned By A Business Is Called In Phoenix
Category:
State:
Multi-State
City:
Phoenix
Control #:
US-00167
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
Personal-use property is not purchased with the primary intent of making a profit, nor do you use it for business or rental purposes.
A business asset is an item of value owned by a company. Business assets span many categories. They can be physical, tangible goods, such as vehicles, real estate, computers, office furniture, and other fixtures, or intangible items, such as intellectual property.
Business Assets: As a business owner, you possess proprietary rights over the assets that contribute to your company's operations. This includes tangible assets like machinery, equipment, and inventory, as well as intangible assets such as trademarks, trade secrets, and proprietary software.
A personal property tax is imposed by state or local governments on certain assets that can be touched and moved such as cars, livestock, or equipment. Personal property includes assets other than land or permanent structures such as buildings. These are considered to be real property.
Examples of tangible personal property include vehicles, furniture, boats, and collectibles. Digital assets, patents, and intellectual property are intangible personal property. Just as some loans—mortgages, for example—are secured by real property like a house, some loans are secured by personal property.
For property tax purposes in Arizona, business personal property is defined as all types of property except real estate. Taxable personal property includes property used for commercial, industrial, and agricultural purposes. Personal property is considered to be movable and not permanently attached to real estate.
In general, business personal property is all property owned, possessed, controlled, or leased by a business except real property and inventory items. Business personal property includes, but is not limited to: Machinery. Computers. Equipment (e.g. FAX machines, photocopiers)
Business Personal Property is property that is not affixed to, or part of, real estate. Business Personal Property may include but is not limited to furniture, fixtures, machinery, equipment, office equipment, etc.
More info
Business personal property deals with the physical assets used in the operation of the business. Otherwise, provide the name of the business owner.Property managers applying on behalf of a client should indicate the property owner's name in this section. Provide the Business Name, "Doing Business As" (DBA). Search our website for available business names and resources to help you through the filing process. The Business Personal Property Unit assists in the assessment of this type of property. It is highly recommended that you submit your filings on the A.C.C.'s website, eCorp. Your business must register with ADOR before conducting any taxable business activity in Arizona for transaction privilege tax (TPT) and withholding purposes. Register your Residential Property with County Assessor. The owners of our firm have specialized in Real Estate in the Phoenix Valley for over 25 years.
