Essential steps include:

• Determine Business Structure: Identify if the business is a sole proprietorship, partnership, corporation, etc.

• Obtain an FEIN: Secure a Federal Employer Identification Number from the IRS.

• Register with ADOR: Apply for a sales tax license through the MAT portal, providing comprehensive business information.

• Provide Acquisition Details: Include information about the previous owner and acquisition date.

• Obtain Local Licenses: Register for any necessary local sales tax permits or business licenses.

• Ensure Compliance: Align with local tax obligations and maintain accurate records post-acquisition