What do I need to do to close my business in Virginia?

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.

US Legal Forms
Waiver of Annual Meeting of Board of Directors - Corporate...

Annual Meeting Do Format In Fairfax

Category:

Corporations - Minutes and Resolutions - Notices and Waivers

State:

Multi-State

County:

Fairfax

Control #:

US-0019-CR

Format:

Instant download

Description

The Waiver of the Annual Meeting is a legal form used to officially document the agreement of the board of directors to waive the requirement for an annual meeting in Fairfax. This form is essential for corporations that wish to streamline their governance processes by skipping the formal meeting while still adhering to their by-laws. Key features of this form include spaces for each director's name, signature, and date, ensuring all relevant parties are acknowledged. Filling out the form is straightforward: directors simply need to provide their names, sign, and date the document. It's recommended to keep a copy for corporate records. Attorneys, partners, owners, associates, paralegals, and legal assistants can utilize this form to facilitate board decisions efficiently, especially when immediate action is necessary, or when all members agree that a meeting is unnecessary. This form acts as a formal recognition of their collective decision, helping to meet legal and corporate standards without the need for a physical gathering.

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FAQ

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.

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).

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.

Section 4-7.2-1. (B) Gross receipts do not include revenues that are attributable to taxable business activity conducted in another jurisdiction within the Commonwealth of Virginia and the volume attributable to that business activity is deductible pursuant to Code of Virginia Sections 58.1-3708 and 58.1-3709.

You may view your tax information online or request a copy of the bill by emailing DTARCD@fairfaxcounty or calling 703-222-8234, TTY 711.

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.

AGM Meeting Minutes Template Meeting Title: Annual General Meeting. Date: Insert Date Time: Insert Time Location: Insert Venue/Virtual Platform Attendees: List names of attendees, including Board members and key personnel

For example, an annual general meeting (AGM) provides an opportunity for the board of directors and shareholders to come together, review the company's performance, and discuss its future direction.

The general meeting called within six months of the end of the previous fiscal year is known as the “annual” general meeting (or “AGM”). If a general meeting is held outside that time frame, it is “extraordinary” (“EGM”) and meant to address urgent or pressing matters that couldn't be settled at the AGM.

Under the Companies Act 2006 meetings can either be an annual general meeting (AGM) or a general meeting (GM). The annual general meeting is a form of general meeting held every year, typically when the accounts are presented to the company members.