How Much Does It Cost to Register a Business in Virginia? Starting a Business in Virginia

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Basic Fees and Steps

You can register a business entity in Virginia for around $100. Registration fees range based on shares. You may need licenses or permits.

First, ensure your name is unique using Virginia’s business search. Know name rules for approval.

To register an LLC costs $100. To register a corporation costs $25 plus charter fee based on shares issued.

  • 1 million or less shares costs $50 per 25,000 shares.
  • Over 1 million shares costs $2,500.

In Virginia, you can choose to register your official name while using a different public name – Assumed Name or Doing Business As (DBA). Submit a DBA registration with the Circuit Court Clerk where located.

Business Structure

Next is selecting a structure – defines operations, ownership, taxation, liability.

Four common in Virginia:

  • Sole proprietorship
  • Partnership
  • Corporation
  • LLC

Registering a foreign LLC costs $100 using Form LLC1052.

Additional Costs

Optional costs:

  • Name reservation for $10.
  • Assumed name for $10.

Registration Process

Nine steps to register a company in Virginia:

  1. Choose idea
  2. Write plan
  3. Select structure
  4. Name and register
  5. Get licenses and permits
  6. Finalize location

General registration steps:

  • Form business entity
  • Get licenses and permits
  • Register with state/federal agencies

Steps depend on type of business.

Financial Considerations

Costs to start:

  • Forming business entity
  • Licenses and permits
  • Rent
  • Insurance
  • Hiring

Registering an LLC

How much does it cost to have an LLC in Virginia?

It costs $100 to register an LLC in Virginia. To form an LLC, file Articles of Organization. The filing fee is $100.

Every Virginia LLC needs a registered agent. This service costs $80-300 per year.

Virginia requires LLCs to pay a $50 annual registration fee. Additional costs may include:

  • Business licenses and permits
  • Legal fees
  • Renting office space
  • Hiring employees
  • Buying insurance

Timelines

How long does it take to register a business in Virginia?

It takes 2-3 business days to register an LLC in Virginia when filing online.

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