Closing your business, changing ownership, and entity changes do not automatically end the business license tax
liability. In most cases, the Business, Professional, and Occupational License (BPOL) tax liability is assessed on the
number of days a business operates during a calendar year. Operating or availing yourself to do business during any
part of a calendar year will result in a tax liability. Renewals - Closing your business before March 1 does not relieve
your tax liability for January and February.
Entity changes - Businesses that experience an entity change are required to obtain a new business license within 30
days of commencing business. The new entity must complete a Business Classification Information (BCI) form in order
to obtain a new account and new license. A BCI form can be obtained from our website www.nngov.com/cor or by
calling the Business License Department at (757) 926-8651. The old entity is required to complete the closing
information below. The tax liability for the old entity will be prorated based on the dates of operation.
Provide the following information so our office can determine if you have an additional tax liability for the current year
and/or the prior year due to your license tax payment being based on an estimated gross receipts amount or for
proration purposes. Include your tax payment by the due date(s) with the requested closing information to avoid
penalty and interest.
TIFFANY M. BOYLE VALERIE Y. GAINS
Commissioner of the Revenue Chief Deputy
__________________________________________
BUSINESS NAME
__________________________________________
ACCOUNT #
BUSINESS CLOSINGS FORM
Date Business Closed / Entity Changed : __________/___________/__________(month/day/year)
(Check one and provide date. If you closed after December 31st of last year, you may owe tax for the current year. If you closed
before December 31 st of last year, you may be due a refund.)
Business Name: ____________________________________________ Account Number ____________________
Current Mailing Address: _____________________________________________________________
_____________________________________________________________
Current Phone Number: (______)_____________________________
Gross Receipts for this calendar year: Enter Year ______________ $____________________
Gross Receipts for LAST calendar year: Enter Year ______________ $____________________
SIGNATURE
I declare that the above statements and figures herein given are true, full and correct to the best of my knowledge and belief.
_________________________________________
Print Name & Title of Owner /Authorized Agent
___________________________________
Signature of Owner / Authorized Agent
NOTE: It is a misdemeanor for any person to willfully subscribe a return which he/she does not
believe to be true and correct as to every material matter. (Code of VA §58.1-11)
For assistance,please call or visit our offices below.
Downtown Office
2400 Washington Avenue
Newport News, Virginia 23607-4389
Fax Number (757) 247-2628
Business License Department
Phone (757) 926-8651
Related Taxes Department
Phone (757) 926-8644
Satellite Office
12912 Jefferson Avenue
Newport News, Virginia 23608-1602
Phone (757) 886-7671 Fax (757) 886-7670
Website: www.nngov.com/cor
OFFICE USE ONLY
New Zone: ____________ Pending: ____________ Processed: _____________ Verified: _____________ Filed: ____________
Dept. forwarded to:
