What are the benefits of an LLC in Virginia?

Benefits

• Owners in an LLC aren’t personally liable for business debts and business lawsuits.
• LLCs have fewer compliance requirements than corporations.
• LLC earnings aren’t subject to double taxation in the way that C-corporation earnings are.
• LLCs can choose whether to be taxed as a pass-through entity or corporation.

How much does it cost to register a business in Virginia?

The filing fee to form an LLC in Virginia is $100. Filings can take 3 to 12 days to process. Expedited service is available for an additional fee. incorporate.com will handle all filing requirements and provide you with the total cost to get your business up and running in Virginia.

What taxes does an LLC pay in Virginia?

Unlike the default pass-through tax situation, when an LLC elects to be taxed as a corporation, the company itself must file a separate tax return. The State of Virginia, like almost every other state, has a corporation income tax. In Virginia, the corporate tax is a flat 6% of net income from Virginia sources.

Do I need an EIN for my LLC in Virginia?

All LLCs with employees, or any LLC with more than one member, must have an EIN. This is required by the IRS. Learn why we recommend always getting an EIN and how to get one for free in our Do I Need an EIN for an LLC guide.

How do you open a LLC in Virginia?

The state of Virginia has unique LLC requirements that must be followed in order to become a registered LLC. To get the process going, you will first need to name and register your LLC with the State Corporation Commission, and file the necessary forms with the State Corporation Commission.

How do you file a LLC in Virginia?

To start an LLC in Virginia, you must file Articles of Organization with the State Corporation Commission . You can file the document online or by mail.

Who can be registered agent for your Virginia LLC?

An LLC Member, LLC Manager, or LLC employee can be your LLC’s Registered Agent. They also need to be a resident of Virginia, have a street address located in the state, be available during business hours, and don’t mind having their address being on public record.

How do you register a LLC?

To register your LLC, you will need to file the Articles of Organization with the Secretary of State. This can be done online, by mail, or in-person. When filing, you will need to state whether your LLC will be member-managed or manager-managed.