The state of Virginia requires all businesses to register in order to legally operate in the state. Here are the steps to register your business in Virginia.
1. Select your business' legal structure. Make sure to assess the liability protection, tax implications, and benefits of each option.
2. Register a name. If you have decided on a name, check the business entity database to ensure that yours is still available. You can file your business name registration to the Virginia State Corporation Commission.
3. Secure registration application forms. There are different forms for each type of business entity.
4. Apply for licenses and permits. The required licenses and permits could vary based on your location and the type of business you plan to open. It is important to process additional licenses and permits so you can proceed to the next step.
5. Tax registration for your business. You need to obtain an Employer Identification Number for filing your tax in the future.
6. Obtain insurance. This is also a must in the state of Virginia. Make sure to check what insurance coverage is necessary for your business type. The required insurance could vary from one industry to another.
Here are additional resources to register a new business in Virginia:
The local government of Virginia is subject to the Commonwealth of Virginia. It combines the three branches of authority: executive, legislative, and judicial.
As of 2002, there are 95 counties and 229 municipalities in the state of Virginia. In addition to these local government units, the state has 196 special districts.
There are political subdivisions in the state that are divided according to its political and administrative functions. However, these political subdivisions are only legally powerful as is based on the General Assembly that was set forth by the Code of Virginia.
The public school divisions in Virginia are also known as political subdivisions. However, each local government unit - county, city, or town - has its own level of controls in terms of their functions and governance.
Cities are governed by a mayor who is elected into position along with a city council. On the other hand, counties have a county board of supervisors to govern it.