Incorporate your business in Virginia;
Our Incorporation information is to help you with the small
business startup process. The Virginia Incorporation info can
help answer questions like "How do I form an LLC in Virginia?"
or "What type of Incorporation entity should I be? An Virginia
S-Corporation or an Virginia C-Corporation?" or "What are the
requirements for an Virginia Corporation?" It's easy to set up
an Virginia Corporation with our Incorporation Software. It has
this and other Incorporation info right on the software. So
once you know, your ready to go!
Corporate Name Endings
The name shall contain the word "Corporation,"
"Incorporated," "Company," "Limited," or an abbreviation thereof.
The name shall not contain any prohibited word or phrase implying
it is organized for any purpose other than that stated in the
articles of incorporation. The name may not be confusingly similar
to that of any domestic or qualified foreign corporation.
Corporation Requirements
Director Information
Minimum Number - One or more.
Residence Requirements - No provision.
Age Requirements - None.
Directors are not required to be listed in the articles
of incorporation.
Officer Information
Officers are not required to be listed in the articles
of incorporation.
Stock Information
An increase in shares may cause an increase in initial
filing fees.
Corporate Records
Corporate records must be kept, but no location is
specified.
Tax and Fees
Annual Statements
Domestic and qualified foreign corporations must
file an annual report with the State Corporation Commission
on the first day of the second month in which the business
was incorporated or authorized to transact business.
The annual registration fee is $100 if the number of
authorized shares is 5,000 shares or less. If the corporation
has authorized shares of more than 5,000, the annual
fee is $50 plus $30 for each additional 5,000 shares,
up to a maximum of $1,700.
Income Tax Rate
The tax rate is 6% of Virginia taxable income.
S Corporation
S Corporation status is recognized by the State of
Virginia. A separate state election from the federal
election is not required.
License Requirements
Virginia requires most businesses to obtain a license
and pay a fee if operating in the state. Please check
with the state to make sure your business is complying
with the license requirements for your particular profession.
