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Updated over 4 years ago on . presented by

User Stats

310
Posts
187
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Dan V.
  • Investor
  • Norfolk, VA
187
Votes |
310
Posts

Business license cost for flippers

Dan V.
  • Investor
  • Norfolk, VA
Posted

I know it’s city/county specific but for flippers out there, how much are you paying for your business license? My city requires you to submit gross receipts and fee is calculated at $0.16 per $100, and city said gross receipts is the sales price. So I sold $250k house I have to pay $400 when I renew my business license. Does that sound right?