Form a Virginia LLC - Form an LLC in Virginia – Sun makes Virginia LLC formation easy!

Sun Document Filings can form a Virginia LLC fast! Focus on forming your Virginia LLC business plan and let us form your Virginia LLC. Sun can form a Virginia limited liablity company or register a Virginia LLC correctly the first time. Let us make the Virginia LLC formation process quick and painless for you by preparing and filing a Virginia LLC Articles of Organization with the Virginia Secretary of State on your behalf. Your time is better spent forming your Virginia LLC business plan for a successful Virginia LLC. Protect your assets and form a Virginia single member LLC or a Virginia multi-member LLC.

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

How do I form a Virginia LLC?

There is no need to ask, "How do I form a Virginia LLC?" because we know how to form a Virginia LLC from start to finish. First, we check LLC name availability with the Virginia Secretary of State. Second, we prepare a Virginia LLC Articles of Organization. Third, before we form a Virginia LLC, we verify that the Articles of Organization are free of errors. Fourth, we will register a Virginia LLC by filing a Virginia LLC Articles of Organization with the Virginia Secretary of State. Fifth, after the Virginia Secretary of State files a Virginia LLC Articles of Organization, we will return the filed document to you. We make forming a Virginia LLC simple and fast!

What is a Virginia LLC?

A Virginia LLC or Virginia limited liability company is a type of business entity that is independent of its owner(s). A Virginia LLC can consist of one or more members which may be individuals, partnerships, trusts, estates, associations, corporations, other limited liablity companies (LLC), or other business entitites as allowed by the state of formation. The members of a Virginia LLC are afforded limited liablity similar to shareholders of a corporation and are allowed pass-through taxation benefits that is comparable to a partnership. Forming a Virginia LLC can be the best of both worlds.

What are the advantages of forming a Virginia LLC?

A Virginia LLC or Virginia Limited Liability Company combines the advantages of a corporation and a partnership. The members of a Virginia LLC are allowed limited liability protection of a Virginia corporation with the pass-through taxation of a partnership. All personal assets of the members are protected from creditors for debt and from judgments against a Virginia LLC. Provided a member did not use their personal assets to secure loans or personally guarantee the debt for a Virginia LLC. Unlike a Sub-Chapter S Corporation whose shareholders are limited to 75, there is no limit to how many members a Virginia LLC can have. For the flexibility and taxation benefits, LLC’s have become very desirable to business owners.

How do I decide if I should form a Virginia LLC or Virginia S corporation?

- Most business owners that decide to form a Virginia limited liablity company (LLC) do so because of its flexibility in taxation.
- A Virginia S corporation eliminates double taxation but it lacks the flexibility of a Virginia LLC in distribution of income to the owners.
- A Virginia LLC can have several classes of membership interests and can consist of one or more members (in most states) which may be individuals, partnerships, limited partnerships, trusts, estates, associations, corporations, foreign nationals, other limited liability companies or other business entities.
- A Virginia S corporation can only be owned my individuals, issue only one type of stock, and is limited to no more then 75 shareholders.
- For more information, view our Entity Comparison Table. The Entity Comparison Table will show the advantages and disadvantages of different types of business entities.
- If you decide to form a Virginia S corporation instead of forming a Virginia LLC, click here for incorporation services.

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

Who controls or manages a Virginia LLC?

A Virginia LLC is owned and organized by its members. Members to a Virginia LLC are the equivalent as partners are to a partnership or shareholders in a corporation. Members have the option of managing a Virginia LLC themselves or if they prefer, they can choose to elect managers to operate a Virginia LLC. Managers are agents of the company and have the authority to bind the company to third parties. The flexibility in management is one of the reasons LLC’s are so appealing.

How many people or business entities are required to form a Virginia LLC?

In most states, only one entity or one person is required to form a Virginia LLC. In terms of taxation, the IRS does recognize single member Virginia LLC’s and allows pass-through taxation. Although the Internal Revenue Service allows one member Virginia LLC’s with pass-through taxation, some states may not afford equal treatment to single member Virginia LLC’s. To avoid any surprises, we recommend that you speak with your accountant or tax preparer to find out how the tax laws in your state would affect your single member Virginia LLC prior to organization.

What titles are owners in a Virginia LLC ?

A Virginia LLC is allowed to have the titles member(s), manager(s), or manging members.

How is a Virginia LLC taxed ?

At the Federal Level -

A Virginia LLC may be classified for federal income tax purposes as a sole proprietorship (referred to as an entity to be disregarded as separate from its owner), partnership or a corporation. If a Virginia LLC has only one owner, it will automatically be considered to be a sole proprietorship (referred to as an entity to be disregarded as separate from its owner), unless an election is made to be treated as a corporation. If a Virginia LLC has two or more owners, it will automatically be considered to be a partnership unless an election is made to be treated as a corporation. If a Virginia LLC does not elect its classification, a default classification of partnership (multi-member Virginia LLC) or sole proprietorship (single member Virginia LLC) will apply.

At the state level -

Your Virginia LLC may be treated differently for tax purposes then at the federal level. Since each state is different, we recommend that you speak to your accountant or tax preparer who specializes in Virginia tax law for specific tax questions.

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

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

How do I obtain or prepare a Virginia LLC operating agreement?

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

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

What is a Virginia LLC operating agreement and why is it so important for my Virginia LLC?

A Virginia LLC operating agreement serves as a blueprint for your Virginia LLC. The operating agreement contains the rights, privileges, and powers of the members and managers. A Virginia LLC operating agreement will contain the names and addresses of each member and manager. A Virginia LLC operating agreement will specifiy the percentage each member owns of a Virginia LLC. A Virginia LLC operating agreement will also indicate the capital contribution of each Virginia LLC member. A Virginia LLC operating agreement normally outlines how it can be amended or changed at a future date. Often there is mention of how long a Virginia LLC is allowed to operate, the date of dissolution, or if a Virginia LLC has perpetual existence until the members agree to dissolve a Virginia LLC.

Another important part of a Virginia LLC operating agreement is to create "rules" on how a Virginia LLC can open a bank account, take out loans, write checks, enter into contracts, obtain business credit, and issue membership certificates to its members. As a Virginia LLC member, the most important reason for an operating agreement besides that most states require one by law, is that it protects each members' personal interest, capital contributed, and a detailed outline of the rights and privledges each member is afforded.

What is a Virginia LLC seal?

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

What is a Virginia LLC kit?

A Virginia LLC kit is typically a hardbound binder that contains all of a Virginia LLC's important documents such as the Virginia Articles of Organization, operating agreement, and meeting minutes. All of the Virginia LLC kits that Sun sells include the Virginia LLC's name hot stamped (professional imprint of the Virginia LLC's name) on the spine of the kit. Most Virginia LLC kits come with a slipcase to keep the binder safe. Some Virginia LLC kits are made with a slipcase built in. The choice is yours.

Another important part of a Virginia LLC kit is the membership certificates. All of the Virginia LLC kits that Sun sells contain 20 custom membership certificates that include the Virginia LLC's name, date and jurisdiction of formation, and the title of member (s) or manager (s) below the signature lines. If you have already formed your Virginia LLC, you can order a Virginia LLC kit by clicking here. We have a selection of high quality Virginia LLC kits that come in array of styles and colors. Best of all, standard shipping is always free.

Now that you have formed your Virginia LLC, obtained your EIN from the IRS, prepared the Virginia LLC operating agreement, issued membership certificates, and used your Virginia LLC seal embosser, it is time to verify which local city and/or county tax licenses your Virginia LLC business will need. The best place to start is your city hall or county recorder's office. Take the time to verify your area's business licensing requirements. For those of you who plan to run your Virginia LLC 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 LLC.

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

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