If you’re reading this, you’re likely someone in Virginia who’s looking to get their startup or side hustle off the ground. Of course, what may be holding you back is the idea of risks — and you’re not wrong to think that.
Starting and operating a business by yourself in Virginia can be risky. However, by operating as a single-member LLC in Virginia, you get to profit and avoid many of the liabilities that come with business ownership. As a bonus, you will have full reign over your startup in the state.
Does this sound good to you? Read on to learn more about how to start a profitable single-member LLC in Virginia.
Step 1: Name Your Business (and Make Sure It’s Not Taken)
Naming your business is easy. However, you must determine whether it’s available.
Find out if the name you have in mind is the same as another company’s name by checking the name availability.
Step 2: Register as an LLC With the Virginia Secretary of State
You can do this online. On the Virginia Secretary of State website, you’ll find all the online forms for registering your LLC. Once you’ve filled out the forms, you can file your registration on the site.
Step 3: Designate an LLC Agent
An agent handles and receives documents and notices on your behalf. While getting one isn’t a bad idea, we recommend you act as your own agent. Doing this not only puts you in control, but it also saves you hundreds of dollars annually.
Step 4: Pay the LLC Registration Fee Online
The Secretary of State site also takes online payments for LLC registrations. You should expect to pay anywhere from $100 when you set up your LLC.
There’s an Easier Way: The Drafted Legal Way
Wouldn’t you rather get all the steps done in one place? We’re here to help you start your LLC in just seven days.
Do things quickly the Drafted Legal way. Start your single-member LLC in Virginia with us today.