How Do I Start an LLC in Virginia?

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Starting an LLC in Virginia: The Process

Starting an LLC in Virginia is easy. In eight steps, you can establish a legal business framework protecting assets yet allowing growth.

  1. Choose an LLC name meeting Virginia’s requirements.
  2. Appoint a registered agent for receiving business mail.
  3. File the Articles of Organization with the appropriate fee.
  4. Create an operating agreement outlining member responsibilities.
  5. Obtain necessary licenses and permits dictated by your business activity and location.
    • For example, retailers need a state sales tax ID.
  6. Set up accounting systems.
  7. Obtain an EIN (Employer Identification Number).
  8. Open a bank account, and start planning for your business.

With vision and preparation, Virginia provides a prime climate for small business success.

Cost of Starting an LLC in Virginia

Starting an LLC in Virginia costs around $100 to $500. The breakdown includes:

  • $100 fee for filing the Articles of Organization online.
  • Approximately $150 – $500 depending on additional costs like name reservation, registered agent fees, and obtaining necessary licenses and permits.
  • A $50 annual registration fee (instead of an annual report) paid to the SCC, due by the last day of your LLC’s registration month. A $25 late fee is charged if missed, and after three months without payment, your LLC could be dissolved.

Starting an LLC with Additional Support

You can’t start an LLC in Virginia for free since state fees apply. However, free services like ZenBusiness can guide you through the process, with optional paid add-ons such as registered agent service. All top vendors can act as your registered agent in any state.

This article offers insights into starting an LLC yourself or with the assistance of formation services. By the end, you should understand how to establish your Virginia LLC with a focus on achieving your business objectives.

What is an LLC?

An LLC, or Limited Liability Company, provides owner liability protection, flexible management, and favorable tax treatment.

Steps to Start a Virginia LLC:

  1. Name your LLC
  2. Hire a Registered Agent
  3. File Articles of Organization
  4. Create an Operating Agreement
  5. Get an EIN
  6. Open a Bank Account
  7. Obtain Business Licenses

Costs to Consider When Forming a Virginia LLC

  • Formation fee: $100
  • Annual report fee: $50
  • Registered agent fees
  • Business license and permit fees

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