Are there any additional requirements if a business is advertising to go out of business, and selling remaining inventory?

Under the Code of Virginia Section §18.2-223, it is unlawful for a retail business to advertise a “going out of business” sale without first obtaining a permit from the city, county or town where the sale will be conducted. The cost for the application is $50.00 and expires after sixty (60) days. All applications for “going out of business” permits shall be accompanied by an inventory, including the kind and quantity of all goods which are to be offered for sale during the sale and only the goods specified in the inventory list may be advertised or sold during the sale period. The license may be extended once after the initial issuance of the permit with an updated inventory list for an additional $50.00.

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1. How do I pay my business tax?
2. Is there a late filing penalty for failure to file a return by the prescribed deadline?
3. What if I have multiple locations or multiple lines of business?
4. I would like to send my information overnight, but UPS, FedEx, etc. will not use a Post Office Box for the address. What address do I use?
5. How do I authorize someone else to file or act for my business?
6. Are there any additional requirements if a business is advertising to go out of business, and selling remaining inventory?
7. What do I need to do to close my business?
8. If I do not renew my business license, am I considered out of business?
9. I have concerns regarding neighbors in home business. Who should I contact?