If you already have an LLC in another state and want an LLC in Virginia, then starting an LLC would be somewhat different. You must register as a foreign LLC. We have here a guide on how you can qualify and register for a foreign LLC in Virginia.
On this page, you’ll learn about the following:
- Forming a Virginia Foreign LLC
- After Forming Virginia Foreign LLC
Forming a Virginia Foreign LLC
A foreign LLC does not need to be a company from another country but a business formed under the laws of another state. To start a foreign LLC in Virginia, you need to register it with the Virginia Secretary of State.
Step 1: Choose Virginia Foreign LLC Name
Obtain a name reservation certificate and submit it with your foreign qualification requirements at the Virginia Secretary of State. Your LLC’s legal name outside of Virginia will be listed on the application, along with the name it will use in Virginia. Take note of the requirements for naming your LLC.
Step 2: Select Virginia Foreign LLC Registered Agent
You’ll need a registered agent to form a foreign LLC in Virginia and take note that a Virginia registered agent must have a local address. Here are three of the best LLC services on our list that will provide you with registered agents to ease your worries:
Step 3: File Registration of Virginia Foreign LLC
Include the following:
- LLC’s full legal name.
- A fictitious name or a DBA (only if your LLC’s legal name is not available); Attach a statement of adoption of the fictitious name signed by all LLC members.
- LLC’s principal office and mailing addresses.
- LLC formation state and date.
- Registered agent’s name and address in Virginia.
- Date when your LLC will start operations in Virginia.
- Credit card information on the last page of the form for the $150 application fee.
The LLC cost in Virginia, even for foreign LLCs will differ between online filing and by mail.
Step 4: Determine How Your Virginia Foreign LLC is taxed
Foreign LLCs are also subjected to the Virginia Business Privilege Tax, and they must file LLC annual reports each year.
Note that forming a foreign LLC would be good for your business as you can legally operate in a different state thus reaching a larger market and opening more opportunities for higher profit.
Steps to Filing Virginia Foreign LLC Online
Time needed: 5 minutes.
To set up your foreign business LLC in the State of Virginia, you must file the Application for a Certificate of Registration to Transact Business in Virginia as a Foreign Limited Liability Company. The filing fee is $100. Once your application is approved by the authorities, you will receive a Certified copy of your application from the Secretary of State office. We have explained the aspects you need to cover when you register for Virginia Foreign LLC.
Following are the steps to register Foreign LLC online:
- Visit the Official website of the Virginia Secretary of State
Access the Business Home page on the official Virginia Secretary of State website. The page contains a distinct section for Foreign Limited Liability Companies under Forms & fees, which consists of all the information and links related to Foreign LLCs.
- File Online
On the page, scroll down to the heading ‘Application for a Certificate of Registration to Transact Business in Virginia as a Foreign Limited Liability Company’ and click on the ‘File online’ option available adjacent to the heading.
- Sign in/create your account
The link will navigate you to the Clerk’s information system portal. If you already have an account on the CIS portal, proceed to sign in by entering your login credentials. In case you do not have an account, click on the ‘Register’ tab present at the bottom of the page.
- Start to file your application
After confirmation of your CIS account, log in to the CIS portal. On the user homepage, search for “New business formation” and get started. Under eFile Express, select the option to “Form a Virginia Out-of-State Limited Liability Company”. Read all the instructions attached to the application form carefully and proceed to fill in the details.
- Review the application
Before you finalize the form, review all the information provided by you in the application. all the information should be correct and accurate to your knowledge.
- Make the payment:
Once you have completed filling in all the details in the form, you can proceed to the payment gateway page. Make a payment of $100 as the filing fee for your application. You will receive a notification from the Secretary of State office confirming your application submission.
Steps to Filing Virginia Foreign LLC by Mail
In case you wish to register your foreign business LLC in the State of Virginia through offline mode, you can do that easily through the mail.
- You can access the offline application form on the Official Secretary of State website. You can also download the Application form PDF (LLC1052- PDF) here.
- Read the instructions attached to the form carefully and accordingly abide by it while filling up your form.
- Start to fill in the required details in the application form. Do not leave any mandatory section blank.
- Review the application form to ensure all the information entered by you are true and correct.
- Issue a money order or check for $100.00 as the filing fee of your application, payable to the ‘State Corporation Commission’.
- Arrange the documents together and mail to the following address, State Corporation Commission, Clerk’s Office, P.O. Box 1197, Richmond, VA 23218-1197. The office address for in-person filing is State Corporation Commission, Clerk’s Office, First Floor, 1300 E. Main St., Richmond, VA 23219.
After Forming Virginia Foreign LLC
Here are added things you need to accomplish after forming your Virginia Foreign LLC
- Obtain Business Licenses. Find the business licenses you’ll need using the Business License Search.
- File LLC annual reports and Business Privilege Tax.
- Pay State Taxes like sales tax; you’ll need an EIN for your LLC.
It is convenient plus easy to file for the foreign LLC if you are doing it online. The steps are very easy and that’s why it’s possible to go along with the steps and form the foreign LLC in Virginia.
How Much Does It Cost to Register a Foreign LLC in Virginia
To register as a foreign LLC in Virginia, you can file through mail by paying a filing fee of $100 to the Virginia State Corporation Commission.
If you are looking to register a foreign LLC in Virginia, you need to be aware of all the legal requirements for doing so. Not only do you need to make sure that you are in compliance with state law, but you are also subject to federal tax laws. You will need to register with the Department of Taxation and the State Corporations Commission.
To begin the registration process, you will need to fill out the Virginia foreign LLC application. The state has a website where you can get this form. Once you have completed the form, you will need to send it to the state. In addition, you will need to make certain that you provide accurate and complete information. This includes providing certified copies of any documents relating to your LLC.
You can either apply for a foreign LLC through the Virginia State Corporations Commission or by using an online service. Both of these options are easy to use. However, if you choose the self-service option, you will need to pay a filing fee.
The state also requires that you hire a registered agent to act on your behalf. This is a person who will be responsible for receiving any legal documents related to your LLC and forwarding them on to the state. A professional registered agent is usually recommended. These services cost a little bit of money, but they save you time and trouble.
In addition to the annual fee, you will need to pay taxes. The Internal Revenue Service will require that you have an EIN. An EIN is a unique number that you will need to use to pay employees, file taxes, and open a business bank account.
Depending on the type of entity you want to create, you may need to apply for permits and business licenses. Most businesses are required to have a local license before they can open. There are also many professional licenses that you will need to acquire. Your accountant or business attorney can help you with these.
When you are forming a foreign LLC in Virginia, you need a registered agent. This person will make your company’s address public. This will help you in the event of a lawsuit. It is also important to ensure that your address is always open during regular business hours.
You will need to pay a $100 filing fee for your foreign LLC. Depending on how quickly you need your LLC to be registered, you can either file by mail or online. Also, be sure to pay the annual report and registration fee on time. Otherwise, you will be charged a $25 penalty.
You can also hire an expedited service for your business. They can have your documents processed in as little as one day. Fees for these services vary, but can range from $50 to $100.
You can also choose to register a DBA. A DBA is a separate name that your LLC uses to operate under. Using a DBA is a good way to tap into a larger market.
If your LLC is formed under the laws of another state, it is referred to as a foreign LLC in Virginia.
Businesses incorporated outside of the state where they operate must have “foreign qualifications” issued in the other states.
A domestic LLC is a company registered in Virginia as an LLC. The entity type that has a physical presence in another state is a foreign LLC.
Starting a foreign LLC in Virginia does not require a lot of documentation or tasks. However, it is always good to seek help from a professional when it comes to running your business. Get a professional registered agent and form your foreign LLC anywhere without a hassle.