Make Notes On Legal Virginia Corporations And LLC Forms For Free

The main difference between an LLC and a corporation is that an llc is owned by one or more individuals, and a corporation is owned by its shareholders. No matter which entity you choose, both entities offer big benefits to your business. Incorporating a business allows you to establish credibility and professionalism.

It costs $100 to form an LLC in Virginia. This is a fee paid for the Articles of Organization. You'll file this form with the Virginia State Corporation Commission (?SCC?). And once approved, your LLC will go into existence.

Virginia charges a minimum of $75 ($25 filing fee and $50 for up to 25,000 authorized shares) to file the Articles of Incorporation. Add another $50 for up to 25,000 shares (add $50 for each additional 25K of shares). The charter fee tops out at $2,500 for over a million shares.

How to Incorporate in Virginia. To start a corporation in Virginia, you'll need to do three things: appoint a registered agent, choose a name for your business, and file Articles of Incorporation with the State Corporation Commission.

What Does it Take to Incorporate in Virginia? Obtain an EIN. Draft and finalize corporate bylaws. Hold an organization meeting. File BOI Report to FinCEN. Open a business banking account. Apply for any necessary licenses or permits. Hold an annual shareholders meeting. File an annual report.

Last but not least, you must meet Virginia's requirements for ongoing compliance, which include filing annual reports and paying additional fees. Step 1: Create a Login on the Clerk's Information System (CIS) Website. ... Step 2: Choose a Name for Your LLC. ... Step 3: Get a Registered Agent. ... Step 4: File Your LLC Paperwork.