By letting us know when you close your business, or a business location, we will mark your account inactive and not expect future tax return filings for you. To report a change in ownership of an existing business, the current owner must close the business, and the new owner must register as a new business. If you need …

After dissolving and winding up your LLC, you must file articles of cancellation with the State Corporation Commission (“SCC”). To complete the articles of cancellation, you need to provide: the name of your LLC. the effective date of the LLC's certificate of organization.

Provided below are links related specifically to closing a business in Virginia. Cancellation, Dissolution or Termination of the Business. Tax Information on Closing a Business. Plant Closings and Mass Layoffs. Trade Name. Notify City/County Commissioner of Revenue. Licenses and Permits.

Closing Your Business. There are a few administrative items that you should complete if you sell, close, or move your business out of the City of Virginia Beach. Checking off these items will help make sure you don't continue to receive mail or tax renewal documents from various government agencies. Page Content.

How long before someone can take your business name? Certificates of termination processing time could vary but in most cases it is 3-5 days. The hard work is done at the Virginia Comptroller's office. A form 05-359, Request for Certificate of Account Status, takes 4-6 weeks to process and receive your tax clearance.