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Steps to Set up a Business in Virginia Decide on a Suitable Business Structure. Choose Your Business Name. Designate Your Virginia Registered Agent. Get a Proper Virginia Business Address. Submit Your Articles of Organization or Incorporation. Obtain Your Federal Tax Number (EIN) Create Your Operating Agreement or Bylaws.

The State Corporation Commission (SCC) has regulatory authority over utilities, insurance, state-chartered financial institutions, securities, retail franchising and railroads. It is the state's central filing office for corporations, limited partnerships, limited liability companies and Uniform Commercial Code liens.

If you are a resident of Virginia, are an LLC Member or Manager, have a physical address located in the state, are available during normal business hours, and don't mind your address being on public record, then you can be your LLC's Registered Agent.

? a member of the Virginia State Bar. ? a member or manager of the LLC. ? an officer or director of a corporation that is a member or manager of the LLC. ? a general partner of a general or limited partnership that is a member or manager of the LLC.

Closing a business generally occurs in three steps: (1) voting to dissolve the business and making a plan, (2) winding up the business's operations by distributing all assets to creditors and owners, and (3) submitting some paperwork to the Virginia SCC.

An EIN is required for LLCs that will have employees. Additionally, most banks require an EIN in order to open a business bank account. State tax identification number. Virginia requires a state tax identification number.