Do We Have to Change TPT If We Change Business Name in Arizona?

In Arizona, you need a TPT license if your business is engaged in activities that are subject to transaction privilege tax (TPT) or sales tax. You can register for a TPT license online by filling out and submitting the Arizona Sales Tax Registration Form. The process will take 1-2 business days, and you will receive a confirmation with your Arizona Sales Tax Number within that time frame. Once you’ve registered for a TPT license, it’s important to renew it by January 1 each year. This is because TPT licenses are valid for one calendar year, and failing to do so can result in late fees or penalties.

To change a trade name, you need to file an amended Articles of Organization with the Arizona Corporation Commission. This process involves identifying the new name, management structure, registered agent, and principal place of business.

How to Cancel a TPT License in Arizona?

If a business has an existing TPT license in Arizona and would like to cancel it, the business owner must notify the department in writing within thirty days. The process involves submitting a Business Account Update form with the “Cancel effective date” box checked and filled out. Businesses can also visit one of the department’s offices and speak to a customer service representative.

When a business is changing its name, its owners should be sure to change the TPT license number to match the new information. This will prevent any confusion with the company’s customers. In addition, the business should change its “doing business as” (DBA) name and mailing address. Businesses should also keep their record of location current by completing the Business Account Update form when they move to a different business location.

Is a Business License and a TPT License the Same?

A business license is a state or city-issued permit that gives you legal permission to conduct your business within that area. The requirements vary by state and city, but they typically include registering your business name and paying a fee. Some states and cities also require specific industry-specific permits. If you’re unsure which type of license you need, it’s best to contact a local attorney for advice.

A TPT license is a sales tax permit, but it’s not the same as a business license. A TPT license is required if you engage in taxable activities within the City of Phoenix, and it will furnish your business with a State sales tax ID number. A TPT license can be renewed annually, and you can report Phoenix activity directly on your State business account.

TPT licenses must be obtained before you start selling goods or services in the City of Phoenix. In most cases, you can apply for a TPT license online. You’ll need to provide your business name, address, and phone number to complete the application. There may be additional requirements, such as submitting a business plan or providing a sample invoice. Once your application is approved, you’ll receive a certificate of registration and a unique sales tax ID number.

If you decide to sell your business, you should notify the Arizona Department of Revenue of any changes in your activity, location, or mailing address within 30 days. You can also use the Business Account Update tool to cancel or change information on your existing Phoenix TPT account.