How To Start A Business In Virginia

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How to Start a Business In Virginia

There are a number of steps to getting a new business started in the state of Virginia.  You must do your own thorough research, as laws change regularly.
Getting started- The state of Virginia provides a few helpful websites for getting your business started: http://www.bos.virginia.gov/starting.shtml and https://www.virginia.gov/Business/ 

1. Register your new business name with the state of Virginia.

Find out more about registering a fictitious name here: http://www.bos.virginia.gov/starting.shtml

If you need help choosing a business name: 12 Tips to Help Choose a Business Name

2. Choose a business structure.

Some examples of business entities you can select are: Sole-proprietor, LLC, Partnership, Corporation, etc.  Find out more here:  http://www.bos.virginia.gov/starting.shtml

3.  Register your new business with Virginia.

You can register your new business with the state of Virginia here: https://bosapp.cyberdatainc.com/bos/

4. Business Checking Account.

Open a new bank account for your business with your new business name.

5. Tax Requirements.

Be sure to research local, state, and federal tax guidelines for your particular business. More info about taxes here: http://www.tax.virginia.gov/content/business-home and http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Starting-a-Business

6. Liability Insurance.

Depending on what type of services you plan to offer, you may want to consider liability insurance.