commerce (electronic commerce) is the buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, primarily the internet.
Do I need to obtain a contractor's license for every county/city in which I perform work? Yes, if that locality has a business license tax. (State and Counties/Cities are governed by separate regulations). Since each locality sets their own tax rates (not to exceed the State limits) the business license tax will vary.
When and How to Apply for a Business License. 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.
All businesses operating in the City of Fairfax must apply for an annual license with the Commissioner of the Revenue. Business license taxes are levied annually and are typically based on a business's gross receipts. All new businesses must submit an application within 30 days of the start of operations.
$10,001- $50,000: $30. $50,001- $100,000: $50. For gross receipts or gross purchases that exceed $100,000, the BPOL tax rate is applied. These rates depend upon the nature of the business, as laid out in the BPOL Ordinance (Fairfax County Code, Section 4-7.2).
Each Virginia city and county establishes its own licensing requirements and procedures. But, most counties and cities require the appropriate Virginia business licenses or permits for all businesses, including one-person, home-based operations.
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.
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).
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.