Form a Virginia Corporation – Form a corporation in Virginia – Form a Virginia S corp

Sun Corporate Filings can help you form a Virginia corporation with the Virginia Secretary of State on an expedited basis. To form a corporation in Virginia or form a Virginia subchapter S corporation, you must file the Virginia Articles of Incorporation with the Virginia Secretary of State. Sun can incorporate your Virginia S corporation or register your C corporation in Virginia so you can spend your time focusing on your Virginia corporation's success.

We can form a Virginia general stock corporation or a Virginia Subchapter (Virginia S Corp.) corporation for you at a low cost. Let us make the Virginia incorporation process quick and painless for you by preparing and filing the Virginia Articles of Incorporation with the Virginia Secretary of State on your behalf.

To form a Virginia corporation online, click here to see the costs and time turnaround options for Virginia corporations.

How do I form a Virginia Corporation?

There is no need to ask, "How do I form a Virginia Corporation?" because we know how to incorporate in Virginia form start to finish. First, we check corporate name availability with the Virginia Secretary of State. Second, we prepare the Virginia Articles of Incorporation. Third, before we form the Virginia corporation, we verify that the Articles of Incorporation are free of errors. Fourth, we file the Articles of Incorporation with the Virginia Secretary of State. Fifth, when the Virginia Secretary of State files the Virginia Articles of Incorporation, we will return the filed document to you. We make forming a corporation in Virginia simple and fast!

What are the advantages of forming a Virginia Corporation?

There are many advantages of forming a Virginia corporation. To begin with, there is the protection of the "corporate veil" that provides limited liability to the owners (shareholders). The shareholders are not personally liable for debts and obligations of the corporation. They can personally lose only to the extent of their investments in the Virginia corporation form purchasing stock. Since the Virginia corporation is an independent legal entity, the Virginia corporation has continuous existence. It does not cease to exist simply because one of the shareholders dies or retires. In addition, corporations are the most well known and widely recognized type of business entity. Corporations often have an easier time setting up insurance, retirement funds, profit-sharing, pension, and stock option plans than other business entities.

When you form a Virginia corporation, the owners (shareholders) are not personally liable for the debts and obligations of the Virginia corporation. Ownership in a Virginia corporation is more easily transferable than other business entities. Under most circumstances, shares of stock can be sold without restriction to a third party without having to obtain consent from the Virginia corporation itself. Another advantage of forming a Virginia corporation is that capital can be raised more easily than other forms of business entities through the sale of stock.

How do I obtain an EIN or Employer Identification number or Tax Payer ID number for my Virginia Corporation?

After we form a Virginia corporation on your behalf, we offer supporting services. We can obtain an employer identification number (an EIN) for your Virginia corporation. An EIN is required to open a bank account, hire employees, and to start business credit for your Virginia corporation. If you purchase our Virginia premium package, EIN obtainment is included for your Virginia corporation.

How do I form a Virginia S Corporation?

If you want to form a Virginia S corporation or Virginia sub chapter S corporation, we can prepare the form required to obtain S corporation status with the IRS. It is important to understand that your Virginia S corporation starts as a general stock corporation (C corporation). To obtain or to form a Virginia S corporation, you must file for subchapter S status with the Internal Revenue Service (IRS). Forming a Virginia S corporation simply means the corporation is taxed like a partnership or LLC with a pass through tax structure. Make sure to check with your accountant or the IRS for limitations or read about Virginia C corporations below. By obtaining S corporation status in Virginia, it eliminates double taxation and the corporation generally does not file a tax return. On their tax return, the Virginia S corporation's shareholders include their share of the Virginia Corporation's separately stated items of income, deduction, loss, and credit, and their share of non-separately stated income or loss.

What are the advantages of a C Corporation in Virginia?

Generally most people form Virginia C corporations that plan on publicly trading the corporation's stock. Since Virginia S corporations cannot have more than 75 shareholders, choosing to maintain a Virginia C corporation allows for 76 shareholders or more. A Virginia C corporation can have multiple classes of stock such as preferred and common shares. A Virginia C corporation will be double taxed since both the corporate entity and the individual owners have to file tax returns. For this reason alone, many will find Virginia S corporations desirable. However, a Virginia S corporation can only be owned by individuals that are U.S. citizens or registered aliens, issue only one type of stock, and are limited to no more than 75 shareholders.

To form a Virginia corporation online, click here to see the costs and time turnaround options for Virginia corporations.

How do I obtain or prepare corporate bylaws for my Virginia Corporation?

Often times, you can hire an attorney or paralegal to prepare the corporate bylaws for your Virginia corporation but that could be very costly. If you purchase our premium package, Sun will prepare the initial bylaws (standard language) for your Virginia corporation and include meeting minutes (MS Word format) that you can prepare as needed.

What are the corporate bylaws and why are they so important for my Virginia corporation?

The corporate bylaws serve as a blueprint for your Virginia corporation The bylaws contain the rights, privileges, and powers of the officers, directors, and shareholders. Most Virginia bylaws contain the number of directors and their names. Virginia bylaws also contain the names of the officers for the titles: President, Vice-President, Secretary, and Treasurer/Chief Financial Officer (CFO). The bylaws normally outline how the bylaws can be amended or changed at a future date.

Another important part of Virginia corporation bylaws is to create "rules" on how the Virginia corporation can open a bank account, take out loans, write checks, enter into contracts, obtain business credit, and issue stock certificates to its shareholders. Most Virginia bylaws will reference a list of shareholders in alphabetical order that includes Virginia shareholder's names, addresses, titles held with the Virginia corporation, and the amount of shares the shareholder owns in the Virginia corporation.

What is a Virginia corporate seal?

After the Virginia corporation prepares its bylaws or has Sun prepare the bylaws, the Virginia corporation will need a corporate seal. What is a Virginia corporate seal? A corporate seal is a handheld device that imprints paper with the corporation's name, state of formation, and date the Virginia corporation was formed. Many banks and other lending institutes require Virginia corporations to possess and use a corporation seal on business documents or loan papers. All Virginia corporation kits that Sun sells contain a handheld corporate seal embosser.

What is a Virginia corporation kit?

The Virginia corporate kit is typically a hardbound binder that contains all of the Virginia corporation's important documents such as the Virginia Articles of Incorporation and bylaws. All the Virginia corporation kits that Sun sells include having the Virginia corporation's name hot stamped (professional imprint of the Virginia corporation's name) on the spine. Most Virginia corporation kits come with a slipcase to keep the binder safe. Some corporate kits are made with a slipcase built in. The choice is yours.

Another important part of a Virginia corporate kit is stock certificates. All of the Virginia corporate kits that Sun sells contain 20 custom stock certificates that include the Virginia corporation's name, the amount of shares, the par value the corporation is authorized to issue, and the title of President and Secretary below the signature lines. If you have already formed your Virginia corporation, you can order a Virginia corporate kit by clicking here. We have a selection of high quality kits that come in array of styles and colors. Best of all, standard shipping is always free.

Now that you have formed your Virginia corporation, obtained your EIN from the IRS, decided upon whether to elect S corporation status or remain a C corporation, prepared the Virginia bylaws, issued shares of stock, and used your seal embosser, it is time to verify which local city and/or county tax licenses your business will need. The best place to start is your city hall or county recorder's office. Take the time to verify your areas business licensing requirements. For those of you who plan to run your Virginia corporation out of your home, check with your city or county to find out if a work at home permit is required. Once your licensing requirements are met, it is time to start operating your Virginia corporation.

To form a Virginia corporation online, click here to see the costs and time turnaround options for Virginia corporations.

We wish you the best with your Virginia corporation business venture! Questions? 888 595-2747