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If the vehicle is purchased from an individual and the purchase price is below 50% of the current NADA Clean Loan Book value, a notarized bill of sale must accompany the application for title, or the tax will be assessed on the NADA Clean Loan Book value.
Allocation and apportionment of income of nonresidents from multistate business activity. (2) The term ?engaging in business? or ?doing business? means any activity of a business entity which enjoys the benefits and protection of government and laws in this state.
Anyone can write a bill of sale in West Virginia. As long as the bill of sale is signed by both the buyer and seller, it can be legally binding. Having a notary sign the bill of sale can help it hold up in court. In some cases, notarization can be a legal requirement.
Does a bill of sale have to be notarized in West Virginia? Yes. The seller and buyer need to complete and sign the West Virginia's official bill of sale, form DMV-7-TR, in front of a notary.
Any person who is engaging in any business activity in the state of West Virginia must register with the West Virginia State Tax Division before commencing business activities in the State.
It costs $30 to obtain a business registration certificate. There may be other licensing and permit fees for other licenses you are required to obtain. For example, it may cost as much as $22,650 for a liquor license in the state. Professional licenses vary by profession.
Mail filings: In total, mail filing approvals for West Virginia LLCs take 3-4 weeks. This accounts for the 5-10 business days processing time, plus the time your documents are in the mail. Online filings: In total, online filing approvals for West Virginia LLCs take 5-10 business days.
Before engaging in business activity in West Virginia, every individual or business entity must obtain a West Virginia business registration certificate from the State Tax Department.