Pricing $89.00 per year, special for pre-pay $40 per year

Don’t get fooled by companies claiming the lowest price and increasing it later. Our pricing is very simple. We charge $89 per year. We also have few specials. Whenever you decide to pre-pay additional years you get them for $40/year.

Why you need a Registered Agent?

Virginia State laws require business entities to maintain a Resident Agent in the state that you form your business. The agent’s name and office address are included in the Articles of Incorporation or Articles of Organization to give public notice of where to send important documents to your business entity.

If you need Registered agent in other State than Virginia click here.
We offer Registered Agent service in all 50 States.

State Fee for changing Virginia Registered Agent

For Corporations: Change or Resignation of Registered Agent: $0.00

Registered Agent Requirements

(1). A registered office that may be the same as any of its places of business; and (2). A registered agent, who shall be: (a). An individual who is a resident of this Commonwealth and either an officer or director of the corporation or a member of the Virginia State Bar, and whose business office is identical with the registered office; or (b). A domestic or foreign stock or nonstock corporation, limited liability company or registered limited liability partnership authorized to transact business in this Commonwealth, the business office of which is identical with the registered office; provided such a registered agent (i) shall not be its own registered agent and (ii) shall designate by instrument in writing, acknowledged before a notary public, one or more natural persons at the office of the registered agent upon whom any process, notice or demand may be served and shall continuously maintain at least one such person at that office.

Annual Report

Each active domestic and foreign stock and nonstock corporation is required to file an annual report with the Commission by the last day of the month in which it was incorporated or authorized to transact business in Virginia (the “due date”). There is no fee for filing this form.

Annual Registration Fee – Stock Corporations

(Not to be confused with charter/entrance fee) The Commission assesses each active domestic and foreign stock corporation an annual registration fee based on the number of shares it is authorized to issue as of the first day of the second month next preceding the month the corporation was incorporated or authorized to transact business in Virginia. Please contact Virginia Secretary of Commonwealth for fee schedule

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Business Information & Rankings

• Chief Executive Magazine ranked Virginia as the 7th Best State for Business in its 2006 CEO Confidence Index.
• In terms of economic vitality, Virginia ranked 5th in the Milken Institute’s 2004 National State Technology and Science Index.
• In Forbes Special Report Best Metro Areas for Business and Careers, Washington DC/Northern VA, Norfolk and Richmond were ranked in the top 15. In addition, four other Virginia cities ranked within the Best Small Metro Areas to jump-start a business or a career. Virginia and Texas were the only states with more than one locale in the Top 20.
• Virginia is headquarters to 30 Fortune 1000 firms and more than 770 foreign-affiliated firms. (Yes Virginia website)
• Virginia ranks 9th in terms of venture capital investment, is among the top 15 fastest growing states for venture capital investment and places within the top 10 states for total venture dollars invested.(Yes Virginia website)

Cost of living

Crime Rate

Virginia has the 14th lowest overall crime ranking in the U.S. (FBI, 2004)

Fees & Taxes

Business Inventory Tax
Taxed. Inventory generally is taxable as merchant�s capital, although local taxing authorities may enact an exemption.

Corporate Income Tax
Virginia’s corporate tax structure consists of a flat rate of 6.0% on all corporate income.

Personal Income Tax
Virginia’s personal income tax system consists of four separate brackets with a top rate of 5.75% starting at an income level of $17,000.

Personal Property Tax
Virginia has no state property tax. The tax is set and collected at the local government level. Real estate is taxed at the local level based on 100% of fair market value. Tangible personal property is taxed and includes, but is not limited to, machinery and equipment, furniture, fixtures, and trucks and automobiles. There is no intangible property tax.

State Sales and Use Tax
Base Rate: 4.00%
Machinery Rate: none

Virginia provides an exemption for machinery or tools, repairs, parts replacements, fuel, power, energy or supplies, used directly in processing, manufacturing, refining, mining or conversion of products for sale or resale.

Unemployment Insurance
Virginia’s new employers’ rate is 2.92% for 1 year.

The Old Dominion is a great place for a start-up company in Virginia as businesses Virginia as businesses locating to this state will be able to benefit from low operating costs, business-friendly tax structure, a wide variety of incentives, and several other advantages. Some of the advantages are:

• It is a right-to-work state
• Strategic Location with access to Interstates & Highways
• Easy access to Major US Markets
• Highly educated and skilled workforce
• A variety of Workforce Development programs
• Advanced Fiber Broadband Network
• Easy access to several utilities including Natural Gas, 3 phase electrical service, Wastewater Plants etc

Advantages of setting up an LLC or Corporation

Forbes 2018 report makes it quite evident that “Virginia is the #4 Best State for Business” and is ranked #1 where “Regulatory Environment” is concerned. It is home to many major business services operations and there are many start-ups that register a new company in Virginia every day. The state also offers a competitive cost environment for business entities and it is also home to one of the largest concentrations of tech or IT workers in the nation. These are some of the business environment specific advantages that your business will be able to leverage. Let’s take a look at some specific advantages like that of an LLC or a Profit Corporation.

Advantage#1: Salient benefits of Corporation or LLC

Corporation

• Tax Credits: There are a variety of tax credits that you can benefit from especially if you register a new business in Virginia. Some of the top programs beneficial for businesses include:
  – Major Business Facility Job Tax Credit: Businesses can benefit from income tax credit of approximately $1,000 for each new full-time job created. You can carry forward unused credits for a period of 10 years.
  – Refundable Research and Development Expenses Tax Credit: You can avail of corporate income tax credit equal to almost 15% of the first $300,000 that is invested in qualified R&D in the state.
  – International Trade Facility Tax Credit: This is an income tax credit that you can avail of on either capital or creation of jobs in an international trade facility (ITF)
  – Green Job Creation Tax Credit: A business can avail of this corporate income tax credit on any new green jobs created.
• Independent Life: One of the salient advantages of an S Corporation in Virginia is that it enjoys an independent life. The death or incapacitation of a stockholder will not disturb operations of the business.

LLC

• Small Business Grants: If you register a new company in Virginia as an LLC, you will be able to benefit from several small business grant programs the state offers. Some of the popular programs include:
  – Virginia Economic Development Incentive Grant (VEDIG): It is a discretionary performance incentive with the objective of encouraging businesses to invest in Virginia and create new employment opportunities.
  – ​Virginia Investment Partnership Act (VIP) / Major Eligible Employer Grant (MEE): This is another discretionary performance incentive with focus on continued capital investment, and increase in production using advanced technology.
  – Commonwealth’s Opportunity Fund (COF): A financial incentive for businesses that has been established to support projects, which promote new jobs as well as investment.
  Know more about Incentives
• Limited Liability: If you register a new business in Virginia as a LLC then you will be able to enjoy limited liability protection. This means claimants can sue the LLC and not the owner or investors.

Advantage#2: Other Business Incentive Programs

There is a variety of business incentive programs including tax credits, exemptions, discretionary incentives, and financing programs available for small and medium enterprises or a start-up company in Virginia. Let’s look at some of the top programs in Virginia.

The Virginia Enterprise Zone (VEZ)

The objective of the Virginia Enterprise Zone is to enable businesses that are located here in stimulating economic development and earn incentives in return. Some of the incentives include:

• 90% rebates on fees for using permit, rezoning, etc.,
• Tax credits for creating employment.
• Cash grants equal to 50% of net increase on tools and machinery tax
• Commercial Façade Loan Program that makes available loans amounting from $5,000 to $50,000
• Corridor Streetscape Improvement Incentive
• Mixed-Use Development Incentive
• Tax Exemption for Rehabilitated Structures

Currently, you can register a new company in Virginia Enterprise Zone in Portsmouth only. Incentives in VEZ

Are there any Disadvantages of Incorporating in Virginia?

When you register a new business in Virginia, you can be rest assured that there is a wide variety of business incentives to leverage. The question is – are there any disadvantages? The disadvantages are limited to the type of business entity you form. For instance, an LLC requires more paperwork and is complex as compared to a partnership or sole-proprietorship. Similarly, disagreements or conflicts among the stockholders of a business corporation may immobilize overall decision making. The disadvantages will not affect business growth keeping in mind the incentives and infrastructure offered by the state.

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