It’s crucial to keep in mind, though, that having a nested LLC structure might complicate matters when it comes to taxes and reporting requirements. Each LLC must submit its own tax returns, and there can be additional costs.
Depending on the sort of business entity you are founding, Virginia incorporation fees can change. An LLC must pay a $100 filing charge whereas a corporation must pay a $75 filing fee. For services like expedited processing or others, there can be extra costs.
Yes, a registered agent is necessary for every LLC in Virginia. A person or business selected as the LLC’s registered agent will receive legal and tax paperwork on its behalf. The registered agent must be accessible during business hours and have a physical address in Virginia where they can receive paperwork.
A company called Harbor Compliance offers businesses compliance services. They provide a variety of services, including as entity formation, registered agent services, and compliance counseling. Their objective is to assist companies in maintaining compliance with local, state, and federal laws.
Yes, the LLC’s owner may also serve as the registered agent. The address of the registered agent, however, should be noted as it will be public record and might be utilized for legal and tax paperwork. The owner might wish to think about employing a different registered agent if they prefer to keep their address confidential.