Form with which a corporation may resolve to alter its corporate status top that of a subchapter (S) corporation.
S Corporation For Rental Property In Maricopa
State:
Multi-State
County:
Maricopa
Control #:
US-0046-CR
Format:
Word;
Rich Text
Instant download
Description
Free preview
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FAQ
Obtain necessary licenses and permits: In Phoenix, landlords are required to obtain a business license and a residential rental license from the City of Phoenix. You can obtain these licenses by completing an application and paying the required fees (under $100).
Effective January 1, 2025, Arizona property owners will no longer be required to collect and remit city Transaction Privilege Tax (TPT) on residential rental income for long-term stays of 30 consecutive days or more.
Individual owners of taxable rental properties are required by law to obtain a TPT license with ADOR regardless if the owners rent the property themselves or employ a property management company (PMC).
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.
Currently, there is no state or county tax imposed on residential rentals. Therefore, Arizona cities are not be able to impose a tax on residential rentals from and after December 31, 2024.
Simply search for your parcel by placing the parcel number or address in the search bar, select enter and select the REGISTER RENTAL tab. This will take you to the LOG IN page where you will select NOT A MEMBER. You can then create a login and password and begin the rental registration process.
In order to be a landlord in Arizona, there are certain licenses and permits that you need to obtain. This includes a business license and a residential rental license from the City of Phoenix. These licenses are essential to ensure compliance with local regulations and to legally operate your rental property.
Yes, property owners in Arizona can manage their own rental properties without a real estate license. However, when managing for others, licensure is obligatory.
Arizona demands that property managers hold a real estate broker's license to legally engage in property management. Securing this license involves finishing 90 hours of education, a 6-hour contract writing class, passing a rigorous state exam, and undergoing a comprehensive background check.