How to Start a Business in Virginia (Step by Step Guide)

Starting Business in VirginiaAre you thinking about starting your own business in Virginia? If so, then you have come to the right place!

On this page, you can find step by step DIY instructions on how to incorporate your business in Virginia. From selecting the business entity type to forms to be filled, we have covered it all.

Let’s get Started

The first step in setting up your business is to select the business structure.

Broadly there are 4 types of business entities that can be registered:

  1. Limited Liability Company (Most Popular)
  2. Corporation
  3. Sole Proprietorship
  4. Partnership

Each business structure differs on the basis of taxation, asset liability and estate planning. We have written a detailed tutorial on how to choose a business entity type for your business here.

Below we have given a broad outline of the steps involved in registering an LLC or Corporation in Virginia.

Clicking on each step, opens up a detailed guide on how to complete it.

How to Start an LLC in Virginia

Agency ResponsibleVirginia State Corporation Commission
Form(s) to be filledArticles of Organization
ModeMail or Online
Name ReservationOptional, Fee $10 (Mail)
Filing Fee$100 + Expedite fee $100 (optional)
TimeBy mail: 1 week (Option to expedite available)
LawCode of Virginia Title 13.1 CORPORATIONS. Chapter 12


Summary:

  1. Search for business name availability
  2. File for Business name reservation (Optional)
  3. Select a Registered Agent
  4. Fill Articles of Organization (Form LLC1103)
  5. Draft LLC Operating Agreement
  6. Get an EIN Number (IRS Form SS-4)
  7. Get Federal EIN Number
  8. Obtain Virginia Tax ID number
  9. Apply for necessary Business license and permit
  10. (Ongoing) File Annual Report

How to Start a Corporation in Virginia

Agency ResponsibleVirginia State Corporation Commission
Form(s) to be filledArticles of Incorporation of a Virginia Stock Corporation (Form SCC619)
ModeMail or Online
Name ReservationOptional, Fee $10 (Mail)
Filing Fee$75 + Expedite fee $100 (optional)
TimeBy mail: 1 week (Option to expedite available)
LawVA Code § 13.1-316 (2014)/td>

Summary:

  1. Search for a Business Name
  2. File for Business Name Reservation (Optional)
  3. Select Registered Agent
  4. Fill Articles of Incorporation Domestic Business Corporation (Form 08-400) and send it to the office of the probate judge.
  5. Create Corporate Bylaws
  6. Get Federal EIN Number
  7. Obtain Virginia Tax ID number
  8. Apply for necessary Business license and permit
  9. (Ongoing) File Annual Report



References:
https://law.justia.com/codes/virginia/2011/title13-1/chapter12/
https://law.justia.com/codes/virginia/2014/title-13.1

Last fact-checked on 25/07/2018

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