Property Owned By A Business Is Called In Fairfax

State:
Multi-State
County:
Fairfax
Control #:
US-00167
Format:
Word; 
Rich Text
Instant download

Description

The Bill of Sale form is designed for the sale of personal property in connection with a business operation in Fairfax. This document serves as a legal record of the transfer of ownership of furniture, equipment, inventory, and supplies from the seller to the purchaser. Key features of the form include the identification of the involved parties, a declaration of the sale price, and a statement confirming that the property is being sold 'as is' without warranties. Users will find clear fillable sections to enter details regarding the seller, purchaser, and property description. It is suitable for various scenarios such as business closures, mergers, or asset liquidation. For the target audience, which includes attorneys, partners, owners, associates, paralegals, and legal assistants, this form facilitates compliance with local business transfer regulations and ensures that transactions are documented appropriately. Users are encouraged to consult legal guidance if they need assistance in completing the form or understanding its implications.

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FAQ

Virginia State Code Section 58.1-3503(17) defines business personal property as all tangible personal property employed in a trade or a business. Businesses are assessed on, but not limited to, office furniture, fixtures, equipment, machinery and tools, and merchants capital.

Fairfax County provides real estate tax relief and car tax relief to citizens who are either 65 or older, or permanently and totally disabled, and meet the income and asset eligibility requirements. Qualified taxpayers may also be eligible for tax relief for renters.

Business Personal Property Tax is a tax assessed on tangible personal property businesses own. This type of property includes equipment, furniture, computers, machinery, and inventory, among other items not permanently attached to a building or land.

A business asset is an item of value owned by a company. Business assets span many categories. They can be physical, tangible goods, such as vehicles, real estate, computers, office furniture, and other fixtures, or intangible items, such as intellectual property.

The Commonwealth of Virginia does not offer property tax relief programs. However, most Virginia cities, counties, and towns offer some form of personal property tax relief to homeowners age 65 and older, and to homeowners with disabilities.

To have your name will be withheld from the Fairfax County Real Estate Division website, please complete an Owner Name Withholding Form. Please note that the name withholding only applies to our online iCare database. This information will continue to be accessible to requestors who visit our offices or call us.

The Fairfax County Land Records Division manages property transaction records, including deeds, mortgages, and liens. These records are available in person at their office or through a subscription to the Court's Public Access Network (CPAN).

Commercial property | Business English a building or piece of land used for business, or this land or these properties in general: We would like to convert commercial properties back to residential use.

Company Owned Property means all land, together with all buildings, structures, improvements and fixtures located thereon, and all easements and other rights and interests appurtenant thereto, owned by the Company, Company LP or any Company Subsidiary.

Commercial property, also called commercial real estate, investment property or income property, is real estate (buildings or land) intended to generate a profit, either from capital gains or rental income.

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Property Owned By A Business Is Called In Fairfax