Source: https://incparadise.net/virginia/incorporate-in-virginia/
Timestamp: 2019-04-19 10:22:52+00:00

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What makes incorporation in Virginia, a good business decision? Forbes has ranked the “Old Dominion” #4 in their list of “Best States for Business” and #1 in “Regulatory Environment” and these rankings go on to prove just one thing – it has one of the best business climates! The Gross State Product of Virginia as of November 2018 was $538 billion and businesses that locate to this state can enjoy a range of benefits right from low operating costs to a business-friendly tax structure. It is a “right-to-work” state and the manufacturing industry has one of the lowest average workers’ compensation costs in the country.
Why Choose Virginia for Incorporation?
The economy of Virginia is quite diverse and is being driven by key industries including Corporate Services, Food & Beverage Processing, Information Technology, Life Sciences, Manufacturing, Supply Chain Management, and Unmanned Systems. Quite often than not, it is considered as “America’s Corporate Hometown” and provides businesses with access to world-class talent. The state’s overall infrastructure has promoted company incorporation in Virginia and today it is home to a large number of small businesses.
The Roanoke region is one of the best destinations for setting up tourism business thanks to 22 miles of urban greenway, 600 miles of trails, 300,000 acres of national forest, and 24 rivers and creeks.
How do you incorporate in Virginia?
The first step towards incorporation in Virginia is choosing the type of business you want to form. You can choose to form an LLC or a Corporation. The type of business entity you want to form can be domestic or foreign entity. The forms and fee will be different for each type of entity.
Naming Requirements: A corporation under VA Code § 13.1-630 (2016) and an LLC under VA Code § 13.1-1012 (2016) should contain words like “corporation”, “incorporated”, “limited liability company” or abbreviations like “corp.”, “inc.”, “ltd.”, “L.L.C.” or similar abbreviation.
Business name search: You need to search for a business name that is not in use currently. You can conduct name search here.
Name Reservation: Once you have identified business entity name, and if the name is available then you can reserve the name pursuant to VA Code § 13.1-631 (2016) for business corporations and VA Code § 13.1-1013 (2016) for LLC’s. You can reserve the name with the secretary of state for a non-renewable period of 120 days.
A foreign business entity will have to register their business name pursuant to VA Code § 13.1-632 (2016).
Whether you form a corporation or an LLC business entity, in order to transact business in the state of Virginia, you will have to maintain a registered agent pursuant to VA Code § 13.1-1015 (2016) for LLC and VA Code § 13.1-634 (2016) for Business Corporations.
We are one of the respected registered agents in Virginia and will be responsible towards initiating incorporation in Virginia through processing of your “Articles of Organization”, and “Articles of Incorporation” for domestic entities and “Certificate of Registration” and “Certificate of Authority” for foreign business entities.
You will be required to file “Articles of Incorporation” pursuant to pursuant to VA Code § 13.1-619 (2016), if your business is a domestic corporation. You will have to file a “Certificate of Authority” pursuant to VA Code § 13.1-759 (2016), if it is a foreign business entity. In order to streamline the process of incorporation in Virginia, we can file documents on your behalf through the online process or through expedited process.
As a part of the process of company incorporation in Virginia, we will ensure, you receive date-stamped and filed copies that verifies the state has filed as well as formed your corporation.
What would it cost to set up company in Virginia? Check Fees here!

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