You need to file Articles of Dissolution with the Virginia Corporation Commission to start the winding-up process. Then, you'll file Articles of Termination of Corporate Existence to complete the dissolution.
15 Steps to Winding Down a Virginia Small Business. Read the Governing Documents of Your Business Entity. Develop a written plan or checklist for an orderly and strategic shut-down. Notify your team. Consider bankruptcy options. Liquidate your business assets. Collect outstanding accounts.
Most businesses operating in Fairfax County must possess a Business, Professional and Occupational License (BPOL).
The Dissolution Process Step 1: Check the operating agreement of the LLC. Usually, the operating agreement of an LLC has a provision on what to do to dissolve the company. Step 2: Close the business tax accounts. Step 3: File formal paperwork. Step 4: Complete the winding up process. Step 5: Check other obligations.
Most businesses operating in Fairfax County must possess a Business, Professional and Occupational License (BPOL).
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).
Fairfax County sales tax details The minimum combined 2025 sales tax rate for Fairfax County, Virginia is 6.0%. This is the total of state, county, and city sales tax rates. The Virginia sales tax rate is currently 4.3%. The Fairfax County sales tax rate is 1.0%.
In Virginia, you are not required to have a statewide business license. However, you must have a license and certification for certain business activities.
Businesses may apply for a business license online or in person. Businesses, professions, trades, and occupations are assessed a license tax based on gross receipts (or purchases, for wholesale merchants) for the prior year.
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