Business Status Forfeited In Fairfax

State:
Multi-State
County:
Fairfax
Control #:
US-0046-CR
Format:
Word; 
Rich Text
Instant download

Description

Form with which a corporation may resolve to alter its corporate status top that of a subchapter (S) corporation.
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FAQ

Permits are typically required for the following projects: alterations to existing commercial structures; commercial structures; carport enclosures; decks; demolition; electrical systems; finished basements; garages and sheds; HVAC systems; mobile homes; plumbing systems; pools, spas and hot tubs; renovations; ...

In Virginia, a business “license” is merely a way for the local governments to know that you are operating within their jurisdiction so they can tax you. For most people who have been operating as a sole proprietor independent contractor, you probably won't need any special license, but you still must file this form.

Exclusions are deductions from a company's gross receipts that are allowed by the Fairfax County Business, Professional, and Occupational License (BPOL) Ordinance.

Although Virginia doesn't have a general business license requirement, you do have to register with the Department of Taxation and get a Virginia State Tax Account Number. And your LLC might need an industry-specific license (aka occupational license), depending on what type of business you have.

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).

Business Licenses Most businesses operating in Fairfax County must possess a Business, Professional and Occupational License (BPOL).

The Virginia corporate income tax rate is 6 percent of taxable corporate income. For most corporations, taxable income is determined by a three-part formula based on sales, payroll and property factors. Virginia allows the following TAX CREDITS against the corporate income tax: Major Business Facility Job Tax Credit.

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.

Section 82-4-24. - Operator to give full time and attention to driving. No person shall operate a motor vehicle upon the highways of this County without giving his full time and attention to the operation of the vehicle. (3-13-63; 1961 Code, § 16-85.)

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Business Status Forfeited In Fairfax