Business For Status In Maricopa

State:
Multi-State
County:
Maricopa
Control #:
US-0046-CR
Format:
Word; 
Rich Text
Instant download

Description

The Business for Status in Maricopa form is designed for corporations considering electing S Corporation status under U.S. tax law. This form outlines the resolution that allows corporate officers to act on behalf of the corporation to make this election. It includes sections that empower officers to execute necessary documentation and submit required forms to the Internal Revenue Service and state tax authorities. For attorneys, partners, owners, associates, paralegals, and legal assistants, this document provides a clear framework for compliance with both federal and state regulations when changing corporation tax statuses. The form allows for the ratification of previous actions taken under this authority, ensuring that all steps are legally binding. By utilizing this form, corporate entities in Maricopa can effectively streamline their election process, ensuring all legal bases are covered while fostering efficient management of their tax obligations. Properly completing and filing this resolution is crucial for maintaining good standing and fulfilling legal requirements.
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FAQ

If a remote seller or out-of-state marketplace facilitator meets the economic threshold for sales into Arizona, it will need a transaction privilege tax (TPT) license. By contrast, marketplace facilitators and retailers with a physical presence in Arizona must obtain a TPT license, irrespective of any threshold.

Obtain an Arizona Business License: An Arizona business license is required for any business operating within the state. You can apply for the business license through Arizona Department of Revenue.

Transaction Privilege Tax License – A transaction privilege tax (TPT) license (commonly referred to as a sales tax, resale, wholesale, vendor or tax license) is required for businesses selling a product or engaging in a service subject to transaction privilege tax in the state.

Licensing Requirements 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.

There is no business license for the State of Arizona.

If your business was incorporated in a state other than Arizona, you will need to register as a foreign corporation in order to do business in Arizona. You can register by filing the Application for Authority to Transact Business in Arizona with the Arizona Corporation Commission, Corporations Division.

If a remote seller or out-of-state marketplace facilitator meets the economic threshold for sales into Arizona, it will need a transaction privilege tax (TPT) license. By contrast, marketplace facilitators and retailers with a physical presence in Arizona must obtain a TPT license, irrespective of any threshold.

A qualified small business means a corporation, limited liability company, partnership or other business entity that has at least two full- time equivalent employees who are Arizona residents and whose sole responsibilities are not administrative and that maintains at least a portion of its operations at an office or ...

Arizona boasts a business-friendly environment, affordable living and operating costs, and streamline regulations that make it easier to start and run a business, and the Arizona Corporation Commission is the first stop on a business' route to success.

The largest industries in Maricopa, AZ are Services (43.0%); Finance, Insurance and Real Estate (10.8%); Retail Trade (10.1%); Manufacturing (9.8%); Transportation and Utilities (8.2%); Construction (7.0%); and Public Administration (5.9%).

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Business For Status In Maricopa