While filing a new business, preferably a profit corporation in Virginia, one has to submit Articles of Incorporation. This is an important document that needs to be filled out by the owner with correct information regarding the company to be started. Forming a corporation in the state is a bit complex than starting an LLC in Virginia. In the following sections, you will get to read about the process, fees, and other related information to file the incorporation documents. It is recommended to consult or hire a professional service before starting a business.
Articles of Incorporation in Virginia
The Articles of Incorporation are a legal document required to be filed with the state government to legalize the creation of your corporation. In other words, filing these documents with the Virginia Secretary of State ensures the formation of the corporation in Virginia officially. Filing articles of incorporation is similar to filing the Virginia LLC Articles of Organization while forming your limited liability company in the state.
The state has some rules when it comes to filing Articles of Incorporation in Virginia, popularly known as the Old Dominion. We shared the step-by-step process here to file the incorporation document with the Virginia SOS. Checking with the SOS is recommended for more information.
It is always wise to consult a legal professional before you file your company under the Virginia SOS. FIling process can be easy, but it is sensitive. If you miss anything, it can totally stope the filing process.
– LLCBuddy Editorial Team
How to File Virginia Articles of Incorporation
You can file the Articles of Incorporation in several ways, depending on the state in which you are willing to start your corporation. In Virginia, you can file it in three ways: online, by mail, and in person. The details are similar to the details you need when forming an LLC. Here are the details you must submit while filing the documents-
Step 1: Get the Form and Enter the Details
The first thing to do is find the form (PDF or online), and fill it up with correct information. Get the form from the Virginia Secretary of State and send it back to the concerned department along with the filing fee.
- Online Form: e-Business Filing
- Offline Form: Articles of Incorporation (PDF)
- Filing Fee: $75
The following are the details you must add to your incorporation form-
Name of the Entity
The first thing you need to do is submit your company’s name. Make sure to mention the exact name of the company that you decided on. Like the LLC naming guidelines, you must also follow the Virginia corporation naming requirements. There are a few points to note when you name your company. They are,
- You cannot have a name used by other companies or businesses.
- You cannot have any name that is misleading or the same as a government organization.
- Banks, Insurance, Insurer, or any such names cannot be used as they reflect the financial organization.
- You must add terms like corporation, limited, company, incorporated, or incorporation. You can also add abbreviations like co., ltd., inc., and corp instead of the above terms.
Address of the Corporation
The next section of the form is to provide your main address. It is necessary to have a physical street address in Virginia. For those running an online business, you must provide an address in the state (including your home address) where you will receive all the business and legal documents and mail. While sharing your address, make sure not to use abbreviations, such as N.Y. for New York or L.A. for Los Angeles.
Virginia Registered Agent
The next point is to provide information about the Registered Agent. The Virginia Registered Agent is an individual or business entity that is responsible for receiving all the legal and official documents on behalf of the company. They must be aged above 18 years and have the eligibility to conduct business in the state. The Registered Agent should be legit and experienced because, in case of any lawsuit, you need an expert to handle your issues. In most cases, the Registered Agent’s official address is the company’s official mailing address. If you form an LLC, hiring a registered agent is the most crucial step in the process.
Shares and Stocks
The next important information you must provide is about the stocks and shares. While filing the Articles of Incorporation, you must mention a minimum of one share. In Virginia, to start a corporation, you need at least one director(s) initially. When filing the incorporation documents, you must provide the number of directors in the corporation. It decides the ownership of the company.
If you amend the Virginia Articles of Incorporation in the future, you will not be able to change the initial directors. You might need an additional form to change the initial directors’ details. You must check with the Virginia SOS while filing the Articles of Incorporation amendment.
Additional Documents
You might need additional documents to submit along with the incorporation documents. In Virginia, you can attach a cover letter with the documents as an additional document. if you are willing to start a foreign corporation in Virginia, then you must add one document along with the Articles of Incorporation. Foreign corporations in Virginia must submit the Virginia Certificate of Good Standing along with the incorporation documents.
Signature
Finally, the signatures of the directors and shareholders are required on the form. You can have more than one share and be a director. All your initial directors must submit their official signatures while filing the corporation in Virginia. Get their signatures to file the Articles of Incorporation.
Step 2: Submit the Articles of Incorporation in Virginia
Once you are done filling out the form, it is time for you to submit it. The form can be submitted in three ways: online, by mail, and in person. Checking with a legal professional or a formation service while filing your corporation is recommended. It is sensitive, and one mistake can stop the entire filing process immediately.
- Online filing: Get the eForm from the SOS site, log in/subscribe to the site, fill up the form, submit online
- Offline filing: Send the form by mail to or drop it off in person at the State Corporation Commission, Clerk’s Office, P.O. Box 1197, Richmond, VA 23218-1197
Cost of Filing the Articles of Incorporation in Virginia
The cost of filing the Articles of Incorporation in Virginia is an important aspect to consider when starting a new business. This one-time fee is necessary for officially registering your corporation with the Secretary of State and can vary depending on the specific requirements and regulations of Virginia. In some cases, additional fees may be required for expedited processing or other optional services. It is crucial for entrepreneurs to budget for this expense and research the specific costs associated with their Virginia in order to ensure a smooth and successful incorporation process. To file the Articles of Incorporation in Virginia, you must pay a filing fee. The filing fee is $75 for online, by mail, or in-person filing.
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Conclusion
In conclusion, the process of filing Virginia Articles of Incorporation is a crucial step for businesses looking to establish their presence in the state. This legal document serves as the foundation of the company’s structure and outlines essential information, such as the company’s name, purpose, and management team. To ensure a smooth and successful filing process, it is vital for business owners to familiarize themselves with the State of Virginia’s requirements, adhere to the applicable laws and regulations, and provide accurate and complete information in the Articles of Incorporation.