How To Incorporate in Virginia. Learn How to Incorporate a Business in Virginia.

A. File Artcles of incorporation for Virginia Corporation with the Secretary of State

After choosing which entity is right for you, your next step is to go to the Virginia Secretary of State's website and download the appropriate incorporation form that may be available. Or, if you don't want to do the work yourself, we can help you incorporate a business in Virginia. Click here for a free quote on our Virginia business incorporation services.

B.  S Corporation Filings for Your New Virginia Corporation

1.   Federal S-Corporation Election Form
 
If you have Clickandinc.com incorporate a business for you in Virginia, and you choose to be treated as an s-corporation for federal income tax purposes, we can draft that form for you (IRS form 2553). If you choose to draft it on your own, you can download it from the IRS website.
 
NOTE: You have 75 days from the date you incorporate a business in Virginia to file your form 2553 with the IRS. If you fail to file in that time period, you will not be granted s-corporation status for the year in which you incorporate.
 
       2.  Virginia S-Corporation Election form
 
Virginia does not require s-corporations file a separate s-corporation election form with the state.
 
C.  Get Your Virginia Tax ID Number and Or Other State Required Documentation
 
Have your Federal Tax ID Number (EIN) handy; most states require it on their state tax ID number forms and other forms that you may need to complete after you incorporate a business in Virginia.
 
            1.         State Tax ID Number
 
All corporations and LLCs beginning a business in Virginia must register with the Virginia Department of Taxation by going to http://www.tax.virginia.gov/site.cfm?alias=busforms
 
There is no fee. By filing the form, your corporation or LLC will be registered for all applicable tax and reporting requirements for ongoing compliance with the State of Virginia tax laws. 
 
 
            2.         Reporting New Hires of Your Business
 
To get information on how to report your new employees to the state log on to
 
            3.         Annual Reports
 
 
Corporations can go to http://www.scc.virginia.gov/division/clk/asp/fee_corp_formrequest.aspx and request that notice of the annual report be electronically delivered to them.
 
There is an annual fee (the lowest is $100) which is based on the number of authorized shares a corporation has. To get more information on how the annual fee is assessed go to http://www.scc.virginia.gov/division/clk/forms/an_fee.pdf
 
            4.         State Licenses and Permits
 
To get information on state licenses and permits you may need, visit the Virginia License and Permit Guide at http://www.dba.state.va.us/licenses/ .
 
 

Surely, the list above is not everything you will need to do once you incorporate a business in Virginia. You should always check with your accountant or attorney in order to make sure you are compliant with all state laws. Clickandinc.com is not a law firm and nothing on this page can be considered legal advice on which you can rely. If you’d like Clickandinc.com to help you incorporate a business in Virginia, we’d love to help.

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