|
|
Revenue Home | Audits |
Business Taxes |
Contact Us | DMV Select |
Links | Mission Statement | Personal Property Tax | State Income Tax | Tax Relief Program [Business Taxes] | Business Taxes | Business Tangible Personal Property Tax | Business and Professional License | FAQ | Fiduciary Taxes | Forms | Home Based Business |
|
|
|
|
Business and Professional LicenseGeneral InformationAll businesses and professional operations must purchase a business license before commencing operation in the City of Portsmouth, including home based businesses. (City Ordinance Section 20-6) City Business, Professional and Alcoholic Beverage Licenses expire December 31st of that calendar year. In order to obtain a Portsmouth City Business License, you must have a definite place of business. A definition of a business is an office or location where a regular and continuous course of dealing with the public occurs. In the City of Portsmouth, zoning laws may prohibit your business from operating at certain locations, such as a residence. The address for your business must be approved by our Permits & Inspections department. A lease or some type of written documentation must be presented for this approval. Any person, partnership, limited liability partnership, limited liability company or corporation using the name which does not identify the owner of the business must register a trade name with the Portsmouth Circuit Court. Registering this name does not prevent your business name from being used by another business. It is done to assist the public by providing information as to the person with whom the public will be dealing. There is a fee to register this name. This fee is paid to the Portsmouth Circuit Court. (top) Cost of Business LicensureThe cost of the business license is based upon your estimate of total gross receipts from the day the business opens to December 31st of the same year. There are usually Three (3) general terms that apply to new Businesses: New License, First Renewal License, Annual Renewal License. If the estimate is less than $100,000, the license will cost $50.00 which is the minimum tax. If, however, the estimate is greater than $100,000, a tax rate will be applied to your estimate. There are different rates for different types of businesses as follows:
Some types of businesses (such as contractors, restaurants, beauty shops, nail and tanning salons, etc.) may have additional requirements from other city departments, such as the Department of Public Health, or from the state agencies, such as the Virginia Department of Professional and Occupational Regulation, before a City of Portsmouth license can be issued. (top) Business License ApplicationsBusiness license applicants must apply in person. Allow at least one hour to complete the application process. New Businesses must obtain a zoning permit, 4th floor, and a tax clearance from the City Treasurers office before visiting our office. Any business renewing their license must obtain just a tax clearance. To help streamline your application process, be sure to bring these important documents with you: Bring Identification (picture ID - all parties) (top) Other numbers to call when you need to:
(top) |
|||||||||||||||||||||||||||||||||||||||||||
| City of Portsmouth, Virginia - All rights reserved. |
last updated March, 2006 |