How Much Does It Cost to Register a Business Name in Virginia?

How much does it cost to register a business name in Virginia?
Virginia requires corporations to pay an annual registration fee based on the number of shares they are authorized to issue. (The cost ranges from $100 for companies with up to 5,000 shares to $1,700 for companies with over 270,000 shares).
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One of the first stages in launching a business in Virginia is registering a business name with the State Corporation Commission (SCC). By registering a business name, you gain legal security and the ability to use it for commercial purposes. Depending on the type of entity you are establishing, different business names in Virginia cost different amounts to register.

The process of registering a business name for a sole proprietorship is sometimes referred to as filing a Doing Business As (DBA) name. In Virginia, registering a DBA costs $10 and needs to be renewed every five years. It is crucial to understand that a DBA just permits the sole owner to use a different name for commercial purposes rather than establishing a new legal organization from the sole proprietorship.

Articles of Organization or Articles of Incorporation must be filed in order to register a business name with the SCC for other entity types such corporations, partnerships, and limited liability organizations (LLCs). An LLC must pay $100 to file its articles of organization, while a corporation must pay $75 to file its articles of incorporation. These costs are one-time expenditures and are not subject to renewal.

Entrepreneurs in Virginia may require a number of licenses and permits in addition to registering a business name, depending on the nature of their enterprise. Businesses that serve or sell food, for instance, may require a food establishment permit, but those that sell alcoholic drinks may require a liquor license. According on the region and industry, different licenses and permits may be needed, therefore it’s critical to do your study and abide by all laws.

In conclusion, the cost to register a business name in Virginia ranges from $10 for a sole proprietorship DBA to $100 for submitting articles of organization or articles of incorporation for various types of companies. It is crucial to take into account the additional expenses and procedures for acquiring appropriate licenses and permissions in order to run your business in accordance with local and state laws.

FAQ
How do I get a Virginia state tax ID number?

You must fill out and submit an application to the Virginia Department of Taxation in order to get a Virginia state tax ID number. You can submit a paper application by mail or fax in addition to applying online through the Virginia Tax website. Applying for a Virginia state tax ID number is free of charge.

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