Corporations are required to file and pay all annual income tax returns, estimated payments, and extension payments electronically. Virginia corporation formation requirements from BizFilings.Our Virginia guide provides VA incorporation requirements for your business. Virginia articles of incorporation are filed to create a corporation. This guide provides instructions and tips when preparing and filing this legal document. How do I form a corporation in Virginia? Explore our step-by-step guide on forming a corporation in Virginia. Limiting their own personal liability for the debts and responsibilities of the company much like in a corporation. Your application will be kept on file for 30 days. If you do not complete the business license process within 30 days, you must reapply.