The Department of Economic Development in Orange County provides a variety of services for opening a new business. In addition, depending on the type of business you are opening, you may be required to obtain a business license from Orange County. Business Closings and Sales Under NCGS 105-366, When purchasing a business asset, it is the responsibility of that purchaser to ensure that all back taxes on the property have been paid or that money has been held in escrow until such time that it has been paid in full.
If a business is closing after January 1st, the total amount of the taxes remain the responsibility of the business owner. Taxes are required to be paid to the Tax Office at the time the business is closed. There is no proration of the taxes allowed by statute.