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Steps to Registering Your Business
- Choose an available business name and submit a DBA registration to the Circuit Court Clerk where your business is located.
- Use Virginia’s business search to ensure your name is available. Abbreviate your company type in the name.
- Reserve your brand’s domain and social media accounts.
- Register your assumed or fictitious name to protect your business and to prove legitimacy to vendors and lenders.
- Determine your business structure (sole proprietorship, partnership, LLC, or corporation), as it affects taxation and liability.
- File formal documentation, unless you’re a sole proprietorship or general partnership.
Costs Associated With Starting a Business in Virginia
- Registration fee for new business entities is about $100.
- Registration fee for stock corporations ranges from $75 to $2,525, based on the number of shares.
- No general business license is needed, but some specific licenses or permits may incur fees.
Nine Steps to Register a Company in Virginia
- Choose your business idea.
- Write a business plan.
- Select your business structure.
- Name and register your business.
- Get the necessary licenses and permits.
- Finalize your business location.
- Form your business entity.
- Register with state/federal agencies.
- Attend to other setup needs, such as insurance and hiring.
Optional Costs When Registering
- Name reservation: $10.
- Assumed name registration: $10.
- Registering a foreign LLC: $100.
Remember, when you are ready to embark on the journey of starting your business, these steps will guide you through the process to ensure compliance and a smooth start to your business adventure in Virginia.