Virginia Pre-Incorp Checklist
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How to fill out Pre-Incorp Checklist?
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FAQ
Hear this out loud PauseFees vary by locality, and they could range from as low as $15 to as high as a few hundred dollars. In Virginia, business license fees for larger businesses (typically those with over $100,000 in revenue) are usually based on your projected gross revenue (for example, 30 cents per $100 of projected revenue).
Steps to Incorporate Select a Business Name. ... File Articles of Incorporation. ... Pay filing fee. ... Register with the IRS and the Virginia Department of Taxation. ... Officers/Directors. ... Annual Reports. ... Annual Registration Fee. ... Principal Office.
Hear this out loud PauseAll Virginia LLCs need to pay $50 per year for the Annual Report. These state fees are paid to the State Corporation Commission. And this is the only state-required Annual Fee. You have to pay this to keep your LLC in good standing.
An EIN is required for LLCs that will have employees. Additionally, most banks require an EIN in order to open a business bank account. State tax identification number. Virginia requires a state tax identification number.
Hear this out loud PauseHow much is the Virginia LLC Annual Fee? After you start a Virginia LLC, you must pay the Annual Fee every year for the life of your LLC. The Annual Fee is $50. This fee is due even if your LLC didn't make any money or do any business activity during the year.
Corporation Filing Fees Virginia charges a minimum of $75 ($25 filing fee and $50 for up to 25,000 authorized shares) to file the Articles of Incorporation.
To start a corporation in Virginia, you'll need to do three things: appoint a registered agent, choose a name for your business, and file Articles of Incorporation with the State Corporation Commission. You can file this document online, by mail, or by drop off. The articles cost a minimum of $75 to file.
How to start a business in VA: A step-by-step guide Write a business plan. ... Choose a business structure. ... Name and register your business. ... Obtain your EIN, tax information and licenses. ... Obtain business insurance. ... Open a business bank account and get a business credit card. ... Secure startup funding. ... Market your business.