Starting a Business in Virginia

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Business Entity Formation

Business entities are formed by registration with the Commonwealth of Virginia State Corporation Commission.

Limited Liability Company

Filing a Domestic LLC (for profit company, first registered in Virginia) is a $100 initial filing fee, $50 annual fee, and may not be submitted online. Expedited service is available for an additional fee. Regular processing is 1 to 3 weeks. Expedited service (same day or 24 hour) is available for an additional fee. On July 1 of each year after the year of registration, the LLC will be assessed an annual registration fee of $50.

Filing a Foreign LLC (for profit company, first registered elsewhere) is a $100 initial filing fee, $50 annual fee, and may not be submitted online. Expedited service is available for an additional fee. Regular processing is 1 to 3 weeks. Expedited service (same day or 24 hour) is available for an additional fee.On July 1 of each year after the year of registration, the LLC will be assessed an annual registration fee of $50.

Corporation

Filing a Domestic Corporation (for profit company, first registered in Virginia) is a $75 initial filing fee, $100 annual fee, and may not be submitted online. Expedited service is available for an additional fee. Regular processing is 1 to 3 weeks. Expedited service (same day or 24 hour) is available for an additional fee. The initial fee is a minimum of $75 and a maximum of $2,525. The annual registration fee is a minimum of $100 and a maximum of $1,700.

Filing a Foreign Corporation (for profit company, first registered elsewhere) is a $75 initial filing fee, $100 annual fee, and may not be submitted online. Expedited service is available for an additional fee. Regular processing is 1 to 3 weeks. Expedited service (same day or 24 hour) is available for an additional fee.The initial fee is a minimum of $75 and a maximum of $2,525. The annual registration fee is a minimum of $100 and a maximum of $1,700.

Sole Proprietor

A sole proprietor business does not require registration with the state.

DBA (Doing Business As) or Fictitious Business Name

If business is conducted in Virginia under a name other than the legal business name, an assumed or fictitious name certificate must be filed in each county or city where business is to be conducted. In addition, if the entity is a limited partnership, a limited liability company, or a corporation, it must obtain a copy of each fictitious name certificate, attested by the Clerk of the Circuit Court where the original was filed, and file it with the Clerk of the State Corporation Commission.

Business Licenses

Business licenses in Virginia are issued through the State for some businesses, city or county for all businesses.. For more information on business licenses in Virginia visit their website.

Professional Licenses

There are a number of professions that require a state license in Virginia. For more information on professional licenses, visit this website. DPOR regulates more than 30 occupations and professions through 19 boards.

State Income Tax

Virginia does have a state income tax for individuals. Virginia does have a state income tax for corporations. Visit this website for more information on business income taxes in Virginia.

Virginia does not have a franchise tax for corporations. Corporations are required to pay an annual registration fee.

State Sales Tax

Virginia does have a state sales tax. Visit this website for more information on sales taxes in Virginia. Apply for an Virginia sales tax permit here.

Employer Assistance

The state of Virginia administers labor and employment issues through the Virginia Department of Labor and Industry.

Unemployment Insurance

Unemployment insurance information for employers in Virginia is available at this website.

Unemployment insurance information for workers in Virginia is available at this location.

Workers' Compensation

Information for employers in Virginia regarding Worker's Compensation is available from the The Virginia Workers' Compensation Commission website. Virginia law requires every employer who regularly employs three or more full-time or part-time employees to purchase and maintain workers' compensation insurance. Employers with fewer than three employees may voluntarily come under the Act.

Occupational Health & Safety

Virginia provides Occupational Health & Safety support through Virginia Occupational Safety and Health. Visit their website.

Resources for Starting a Business in Virginia