Deadline to renew business licenses coming in July
MECKLENBURG COUNTY - There are more than 50,000 businesses in Mecklenburg County and most are required to have a local “privilege license,” also known as a business license. All business licenses in Mecklenburg County expire on June 30, 2011.
The Mecklenburg County Tax Collector is preparing to mail notices to these businesses to remind them to renew their privilege licenses, which are due on or before July 1, 2011 to avoid penalties.
Any business operating in Mecklenburg County may be required to obtain a business license. That includes businesses that are home-based, sole proprietorships, partnerships, limited liability companies, corporations, full-time or part-time. Taxes vary depending on the type and size of the business. In most cases, the license tax is based on the amount of gross receipts from the preceding tax year.
New businesses and/or businesses that have not been in business 12 months must provide their projected gross sales for the coming year. The tax rate for businesses that pay based on gross receipts is $0.60 per $1,000 with a minimum tax of $50 and a maximum tax of $10,000.
