Fairfax Virginia Lease for Franchisor - Owned Locations

Name: Fairfax Virginia Lease for Franchisor - Owned Locations
Brand: US Legal Forms
Rating: 4.74 (491 reviews)

Category:

Franchises - Leases

State:

Multi-State

County:

Fairfax

Control #:

US-3-01-STP

Format:

Instant download

Description

This form is a franchise lease agreement. The lessor agrees to lease to the franchise owner certain real estate as described in the document. The franchise owner will use and occupy the premises solely for an ABC System Restaurant.

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FAQ

Does Virginia Require a Business License? Virginia does not require a statewide business license, however, it does have licensing or certification requirements for certain professions and occupations. Real estate brokers, engineers and home inspectors, for example, must obtain a state license.

Tangible personal property, as defined by state code, is all personal property not otherwise classified as intangible personal property, merchants' capital, or as short-term rental property (Code of Virginia, § 58.1-3500).

Intangible personal property is anything with no obvious and assigned value and can't be physically held. Examples include copyrights, patents, intellectual property, investments, digital assets, along with anything that has image, social, or reputational capital.

For a business, personal property might include office machines and furniture such as computers, desks, company vehicles and other property and equipment used in the course of doing business. There are three types of personal property: tangible, intangible and listed.

Any person who engages in any business activity within the Commonwealth for which a license is required by this chapter without a valid license shall be subject to a civil penalty. The amount of the civil penalty assessed against a person for his first violation shall be $5,000.

Tangible personal property is mainly a tax term which is used to describe personal property that can be felt or touched, and can be physically relocated. For example: cars, furniture, jewelry, household goods and appliances, business equipment.

All persons interested in starting a business, including a home-based business, must obtain an application for a business license at the Multi-Agency Permit Center, Room 4200 in City Hall. All businesses in Alexandria must comply with zoning requirements before conducting business.

There are seven states in which all businesses need to obtain state business licenses, in addition to any required local licenses. The good news is that Virginia isn't one of those states and doesn't have a statewide business license requirement.

The Personal Property Taxpayers Division assesses all vehicles including cars, trucks, trailers, motorcycles, motor homes, aircraft, and watercraft. Mobile homes on temporary foundations are also assessed as personal property. Personal Property is taxable in the locality where it is normally garaged, docked, or parked.

All businesses with a physical location in Fairfax County?including home-based businesses?must have a business license called a Business, Professional and Occupational License (BPOL).

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Fairfax Virginia Lease for Franchisor - Owned Locations

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FAQ

How do I know if I need a business license in Virginia?

What is tangible personal property in Virginia?

What is an example of something that is not considered tangible personal property?

What does personal property mean in business?

Can you operate business in VA without a business license?

What is tangible personal property in a business?

Do I need a business license in Alexandria VA?

Do I need a business license for every city I work in Virginia?

What is considered personal property in Virginia?

Does Fairfax County require business license?

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