Starting a new business in Fairfax is an exciting prospect. Owning and operating a business can present many opportunities, often lucrative ones, for the business owner. Starting and operating a business can be complicated, however.
Forming a new business, determining tax obligations, creating valid legal contracts, and understanding other legal obligations can be formidable tasks without an experienced business attorney familiar with Virginia laws.
Fairfax business lawyers can guide you through the business formation process. Attorneys can also help you understand your company’s rights and responsibilities under Fairfax County and city laws. If you are starting a new business, or facing a legal dispute as a business owner, contact a Fairfax business lawyer today.
Tax Obligations for Businesses
A business’s tax obligation depends on numerous factors, including the type of business it is. For example, a limited liability company (LLC) will likely have a different tax burden than an S-corporation.
Another factor that affects a business’s tax liability is the business’s location. Businesses located within Fairfax County, but not within the City of Fairfax may have additional tax obligations imposed by the county government.
BPOL Tax
Businesses located within Fairfax County generally have to pay a Business, Professional and Occupational Licenses (BPOL) tax. The BPOL tax is a license tax based on a business’s gross receipts for the previous year. Section 4-7.2-7 of the Fairfax County Code specifies how much BPOL tax a business owes. In Fairfax County, a business must pay:
- No fee, if the business’s gross receipts are $10,000 or less
- A flat fee of $30, if the business’s gross receipts range from $10,001 to $50,000
- A flat fee of $50, if the business’s gross receipts range from $50,001 to $100,000
- For businesses with gross receipts of, the tax rate is determined by the business classification
Businesses located within the City of Fairfax, along with those located in Falls Church, Clifton, Herndon, and Vienna, are exempt from this county BPOL tax. However, city taxes may apply instead.
A Fairfax business lawyer can provide more guidance on your business’s tax obligation. If someone is considering starting a business in Fairfax County, their attorney can also explain what business type would be most beneficial based on their unique situation.
Defending Against Legal Claims
Most businesses face disputes as they continue to grow and operate. These disputes can take the form of vendor issues, contractual disputes, or employment law issues. In many cases, these business disputes necessitate legal action.
When it comes time to litigate an issue, a Fairfax business lawyer can provide the legal help you need so that you can refocus on running your business.
In Fairfax, business disputes are often employment-related, such as:
- Discrimination
- Sexual harassment
- Retaliation
- Wrongful termination
- Wage and hour disputes
What a Business Attorney Can Do For You
Depending on the size of the business, certain state and federal laws can apply to these employment issues. Employment-related legal matters can be time-consuming. These issues can impact daily operations at the company, costing the business money.
Moreover, these disputes can damage a business’s reputation if not handled properly. Your Fairfax business lawyer can defend your business and reputation against these employment claims.
Fairfax business attorneys can help your business. Skilled lawyers offer numerous business legal services, including helping with business formation and defending your business in court.
