Each guide below covers one filing or account. It says what the filing is, which District office handles it, and what a buyer will ask you to show before money moves.
They are written for owners of companies located in the District. If your company is based in Maryland or Virginia, it follows that state's rules instead, and your CPA and attorney will handle those steps.
None of this is legal or tax advice. Rules and amounts change, so confirm the details with the Office of Tax and Revenue, the Department of Employment Services or your CPA before you file.
Still deciding whether to sell? Start with how a sale works in DC, the step by step outline or a look at value.
Prepare for the DC Bulk Sale Notice to OTRIn a DC asset sale the buyer mails a bulk sale notice to OTR at least 15 days before paying. Here is what that notice means for you as the seller.Get a DC Clean Hands Certificate Before You SellBuyers often ask a DC seller for a current Certificate of Clean Hands before closing. What it shows, where you get it, and what to fix if it won't issue.Plan for DC Economic Interest Transfer TaxSelling control of a company that owns District real estate can trigger DC tax as if the deed changed hands. When it applies and what to ask your attorney.File a Final DC FP-31 When You Sell Your CompanyDistrict businesses file the FP-31 personal property return every year until a final one is filed. How to mark it final and split the tax with your buyer.Settle Your DC Unemployment Account in a SaleWhen you sell a District business, DOES usually treats the buyer as a successor that inherits your unemployment tax rate. What sellers need to settle first.File Your Final DC D-30 After a Business SaleSince 2021 the gain on a District business's final sale is taxable on the D-30 at 8.25%. What partnerships, LLCs and corporations file in the year they sell.