How to incorporate in Virginia

What will it cost to incorporate in Virginia?

$25 Virginia articles of incorporation filing fee plus $50 for each 25,000 shares (or fraction thereof)

What are the costs involved in forming a Virginia LLC?

Virginia LLC articles of organization will cost $100

Do I need to reserve a name before I can incorporate in Virginia?

No, Virginia doesn’t require name reservations. You can do a free business name search online to find an available name before you start a business in Virginia.

How long will it take to get my Virginia incorporation or Virginia LLC processed?

It will take the Virginia state Corporation Commission about 7 business days to process your Virginia Articles of Incorporation if you file via paper. You can choose same day service for an extra $200 or next day for an extra $100.

You may upload a PDF of your articles on the Virginia SCC website to save yourself some mailing time. It will be filed in 3-7 days unless you pay for expedited processing.

Online filings are processed instantly with no additional fee. Only simple corporation or LLC filings (only common shares, no listing members/managers, etc.) can be completed online.

What am I going to be looking at for ongoing fees to Virginia?

The Virginia state Corporation Commission only requires corporations to file Virginia annual reports. There is no fee to file the report, but the annual registration fee is due the same day. The minimum registration fee is $100 but the total fee depends on the number of shares the Virginia corporation is authorized to issue.
Virginia LLCs just have to pay a $50 annual registration fee to the Virginia SCC.

What are the Virginia business taxes?

A Virginia corporation is subject to Virginia corporate net income tax rates of 6% of your net taxable income. Often a great choice for Virginia incorporation is to elect to be treated as a Virginia S corporation so you can pay your business taxes at the personal net income tax rate. Virginia has a personal income tax rate of 2-5.75%.
The average Virginia sales tax rate is 5%.

You are automatically treated as a Virginia C corporation, but you can elect to be treated as an S corporation with the IRS and Virginia. We can file the S corporation election with the IRS for you, or your Virginia CPA can. Virginia LLCs can choose how they are taxed.

When we Incorporate your business in Virginia, our Virginia incorporation service includes:

  • Drafting custom articles for a Virginia LLC or Virginia corporation.
  • The Virginia incorporator initial resolution for a corporation, or Virginia organizer if Virginia LLC.
  • Ratified Virginia corporate bylaws, or operating agreement if Virginia LLC.
  • The state of Virginia incorporation filing fees.
  • Registered/resident agent service for Virginia.
  • Our service fees are: $100 for Virginia incorporation service and $125 for Virginia registered agent.

All for a total of only $328 for a Virginia LLC or $300 for a Virginia corporation.