Cancellation Form Fillable With Calculations In Fairfax
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Closing a business generally occurs in three steps: (1) voting to dissolve the business and making a plan, (2) winding up the business's operations by distributing all assets to creditors and owners, and (3) submitting some paperwork to the Virginia SCC.
The City of Fairfax, Virginia, is an independent city in the Commonwealth of Virginia. The six-square-mile jurisdiction in the heart of Northern Virginia was founded in 1805 as the Town of Providence. Known for its courthouse, it was for a time known as Fairfax Courthouse, then as the Town of Fairfax.
All business owners, including owners of home-based businesses, are subject to the BPOL tax. Business owners are required to register their business with the Department of Tax Administration (DTA) within 75 days of beginning business operations in Fairfax County.
Follow these steps to closing your business: Decide to close. File dissolution documents. Cancel registrations, permits, licenses, and business names. Comply with employment and labor laws. Resolve financial obligations. Maintain records.
Section 4-7.2-1. (B) Gross receipts do not include revenues that are attributable to taxable business activity conducted in another jurisdiction within the Commonwealth of Virginia and the volume attributable to that business activity is deductible pursuant to Code of Virginia Sections 58.1-3708 and 58.1-3709.
Business closures typically require documentation, which can include lease terminations, bills of sale, a copy of the business license from the new county of business, cancellation, and/or final tax returns (which must be marked as final).
