Create an LLC or a Proper Business/Organizational Entity
Form a Virginia Business
- Create Virginia SSC account
- Search for a business name under "My Services"
- Create your organization
- Form an Entity $102.50
- EFile (There is a preview of what you are submitting before payment)
- Efile Notes:
- eFile Express may only be used if there is one organizer. If there is more than one organizer, then the articles of organization must be submitted by mail or by using the eFile PDF Document Submission option. See § 13.1-1003 of the Code of Virginia.
- In eFile Express, the organizer may be an individual or a business entity. If a business entity is the organizer, the exact entity name must be entered in the Business Entity Name field and the Business Entity Type of the organizer shall be selected. The individual signing on behalf of the organizing business entity must indicate the title by which he/she serves the organizing business entity.
- Form a Virginia Limited Liability Company
- Enter proposed Name
- The registered agent is: an individual who is a resident of Virginia. This can be you.
- The individual who is to serve as the registered agent is a resident of Virginia and: a member or manager of the limited liability company. Again this can be you.
- Registered agent's name - provide your name your going to file the paper work with the state.
- Registered office of the new entity - provide your address (don't think you can use PO Boxes)
- Principal Office - Provide your office address
- The same information is submitted, but
- Articles of organization is submitted online
- Now wait. You will hear back from the state shortly. Once you you hear back from the state, you can handle the next set of steps.
Get an IRS EIN
File for an EIN - http://www.irs.gov/businesses/small/article/0,,id=102767,00.html?portlet=105
This will take about a week to get back from the IRS
This will take about a week to get back from the IRS
Create a Dun and Bradstreet (DNB) account
Request a Bank Account
Now that you have the DNB number and an IRS EIN you can setup a business bank account. Performing this step before completing the previous steps starts to make everything difficult to separate later if you were to ever get sued.
Capital One - http://www.capitalone.com/bank/smallbusiness/checking/completelyfree_midatlantic.php
Capital One - http://www.capitalone.com/bank/smallbusiness/checking/completelyfree_midatlantic.php