How Do I Cancel My Portland Business License? Steps for Cancelling Business License and Closing Business Account

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To cancel your local business license, contact your city or county for the appropriate form. Obtain approval from the Department of Economic Development (DED) by following these steps:

  1. Submit a written request to the DED.
  2. Include a copy of your trade license.
  3. Obtain No Objection Letters from relevant authorities/parties.
  4. Submit an application for license cancellation.

After DED review, you may get your trade license cancelled if approved.

To close a business account with the IRS, a sole proprietor should:

  1. Send a letter to the IRS with the following details:
    • Complete legal name
    • EIN
    • Business address
    • Reason for closing the account.

Important Considerations

  • An EIN becomes the permanent federal taxpayer number for a business once assigned. It cannot be reused or reassigned.
  • Keep your records updated.
  • Pay any outstanding taxes and report payments to contract workers.

If there are any questions regarding Portland business licenses, including the cost or requirement, you may reach out to the City of Portland for more information.

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