LLC Registration and Annual Fee
Virginia requires LLCs to pay an annual registration fee of $50 to the State Corporation Commission each year after the company was formed.
Tax ID (EIN) Application Process
To obtain your Tax ID (EIN) in Virginia start by choosing the legal structure of the entity you wish to get a Tax ID (EIN) for.
Virginia Corporate Requirements and Taxation
- Each Virginia corporation and foreign corporation authorized to do business in Virginia must file an Annual Report with the Office of the Clerk every year.
- In Virginia, you create a corporation by filing "articles of incorporation" with the State Corporation Commission’s office and paying a filing fee.
Virginia Corporate Income Tax and Credits
The Virginia corporate income tax rate is 6 percent of taxable corporate income.
Virginia allows Tax Credits against the corporate income tax.
Business Setup and Information
- Verify your LLC name is available in Virginia using the business entity search.
- You can find information on any Virginia or out-of-state corporation by performing a search on the Secretary of State website where that corporation is registered.
- In Virginia, you can establish a sole proprietorship without filing any legal documents with the state government.
Corporation Establishment and Requirements
- A corporation in Virginia is a legal entity created by filing articles of incorporation with the State Corporation Commission. A Virginia corporation must have at least one director.
Business Incentives and Filings
- Existing and new businesses can take advantage of business incentives from VEDP, provided qualifying criteria are met.
- Below is a guide for how to file the Virginia Annual Report yourself, including due dates, fees, and what information is required.