How Much Does It Cost to Start an LLC in Virginia

If you’re starting a business in Virginia, you may consider forming a limited liability company (LLC).  Before diving in, you should know that this comes with costs. 

To prepare you, this handy guide details all you need to know about the cost of launching an LLC in Virginia.

Virginia LLC Costs 

Requirement	Cost
Name Reservation Fee	$10
LLC Registration Fee	$100
Business License Fees	Vary by localities and type of business
Fictitious Name Fee	$10
Annual Registration Fee	$50

Name Reservation Fee

One of your first decisions will be what to name your LLC. Once you’ve chosen the perfect name, you can reserve it with the state until you’re ready to form your LLC officially.

To do so, first, make sure the name is available. Here’s how:

1. Check for availability in Virginia

To ensure the business name is available, go to the Clerk’s Information System’s (CIS’s) Entity Search and enter the names you like and similar names. You don’t want a business name that can be easily confused with other businesses in Virginia.

2. Check Virginia LLC name regulations

In Virginia, your LLC name must be distinguishable from all other active and reserved business names. It also must contain the words “limited liability company” or the abbreviation “LLC” in any form and not contain any words that imply your LLC is any other business type.

3. Check Trademarks

It’s a good idea to ensure the name has not been trademarked. Check with the US Patent and Trademark Office to ensure the name is available nationally. 

4. Check domain name availability

You’ll want to ensure the domain name is available. You can check at a site like GoDaddy.com and use .com or .org, as those give your business more credibility.

5. Google it

Do a Google search to ensure the name is not being used in the U.S. or internationally. This is particularly important if you plan to have a strong online presence for your business.  

Once you’ve done your due diligence and know your preferred business name is available, you can reserve the name by filing the name reservation form on the Clerk’s Information System.

Cost to Register Your LLC in Virginia

To officially form your LLC, you’ll file articles of organization on the CIS website. You’ll need the following information:

• Your LLC’s name
• Your LLC’s principal executive office address
• The name and address of your registered agent
• Your organizer’s signature

Business Licenses and Permits

Your LLC may also need to obtain licenses and permits at the federal, state, and local levels. These, of course, come with varying fees. 

At the federal level, licenses and permits are generally industry-specific and may include health licenses and permits from the Occupational Safety and Health Administration (OSHA).  

You may need a general business license to operate at the state level. If you sell tangible goods or services subject to sales tax, you’ll need a sales tax license, also known as a seller’s permit. 

Check the SBA guide for specific licenses required for your business. 

Here are some standard licenses and permits you may need:

• Industry-specific licenses for certain professions and industries such as construction, plumbing, electrical, childcare, food handling, liquor, architecture, and finance
• Building and zoning permits
• Doing business as (DBA) permit if you’re doing business using a name other than your LLC name
• Health licenses and permits at federal, state, and local levels
• Fire permits
• Sign permits

This is a significant step in the LLC formation process, so make sure to check with your state and local government offices to find out all the licenses and permits that you need and their costs. You could face steep fines and penalties if you operate without the proper licenses and permits.

If you need help, it’s a good idea to consult with a business attorney to ensure you’re in full compliance. You can also use a service like MyCorporation to do the research and provide you with all the forms you need to license your business. 

Fictitious Name

If you plan to do business under a name that is not your LLC, you’ll need to register a fictitious name. In other states, this is also called a “doing business as,” or DBA, name. To do so, you’ll visit the CIS website.

Annual Report and Registration

In Virginia, you must file an annual report for your business.  The report verifies your business information and confirms that you’re still doing business. The report can be filed online using the CIS website at no cost.

In Closing

Starting an LLC in Virginia is rather a complicated process that includes a handful of fees. There are several hoops to jump through, but the benefits of ensuring your LLC is properly registered, and fully compliant are huge, while the alternative risks significant penalties. 

LLC formation can be daunting, so many entrepreneurs prefer a professional service like ZenBusiness. This ensures the process is done correctly, saving time and giving you peace of mind.