To start an LLC in Virginia, the process involves searching for a unique business name, choosing a registered agent, filing Articles of Organization, and paying the required fees. Additionally, specific business licenses and permits may be needed depending on the industry.
Cost of Starting an LLC in Virginia
The total cost of starting an LLC in Virginia ranges from $150 to $500, which includes a $100 filing fee for Articles of Organization, a $50 annual registration fee, fees for a registered agent, business permits and licenses, LLC name reservation, and attorney fees.
Maintaining an LLC in Virginia
Maintaining an LLC in Virginia requires paying an annual fee of $50, along with state income tax ranging from 3% to 5.75%, sales and use tax at 4.3%, and federal taxes. It is essential to consider these recurring expenses to keep the LLC active and compliant.
Establishing a Business in Virginia
To set up a business in Virginia, one must choose a business idea, determine the legal structure, select a name, create the business entity, apply for licenses and permits, choose a location, address zoning laws, file and report taxes, obtain insurance, and register with Virginia Tax if there is business activity in the state.