What is an LLC in Virginia? If you own an LLC outside of Virginia and want to do business in Virginia, register it as a foreign LLC. Obtain a Certificate of Authority to protect your personal assets.
Starting a Business in Virginia
To start any business in Virginia:
- Research your customer and market. Ensure your business name is available.
- An LLC provides liability protection and tax benefits.
- Register your business with the State Corporation Commission (SCC). Get licenses and permits depending on your business. Develop an online presence with a website and social media.
- File taxes. Virginia has corporate income tax and sales tax.
Opening a business bank account helps track finances. You may need business insurance and workers’ compensation if you have employees.
Virginia’s diverse economy offers opportunities in technology, agriculture, tourism and manufacturing. Focus on what you know and what you’re good at. Carefully research state and local laws and regulations for your business. The Virginia state website provides helpful information.
Some activities that are usually considered doing business in Virginia include leasing or owning an office or storefront, paying employees, or making sales and providing retail or professional services in the state of Virginia.
Consider all key factors when establishing a Virginia business. The state aims to have business-friendly regulations and resources for entrepreneurs. You can form an LLC without legal support. There are no age limits on business ownership. Forming a business in Virginia does not require fees. But an LLC must have a local mailing address.