Search Results: "register business"
Annual Registration Fees
Virginia requires most businesses to pay an annual registration fee. The SCC assesses an annual fee each year after you form or register your business in Virginia.
Type of business
|
When is my fee due? | How much is the fee? |
---|---|---|
Stock Corporations |
Your due date is the last day of the month your business was formed or registered. |
Your fees are based on the number of authorized shares. |
Nonstock Corporations |
Your due date is the last day of the month your business was formed or registered. |
$25.00 |
Limited Liability Companies |
Your due date is the last day of the month your business was organized or registered. |
$50.00 |
Limited Partnerships |
Your fee is due on or before October 1. |
$50.00 |
Business Trusts |
Your fee is due on or before October 1. |
$50.00 |
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Apply for an Agency Virginia Insurance License
- Agencies are required to provide a Designated Licensed Producer (DLP) on the application.
- The DLP must be an employee, officer or director of the agency.
- Regarding Limited Liability Companies and Partnerships, the Bureau will accept members and partners respectively as the DLP.
- A business entity holding certain types of a limited lines license, the DLP is not required to be an employee, officer or director of the vendor or lessor.
- If you're operating as a Sole Proprietorship, apply for an individual insurance license.
- If you're operating under a trade name or ‘doing business as' name, register your fictitious name with the SCC Clerk’s Office.
- The Clerk's Office phone number: (804) 371-9733
SCC Says Do Homework Before Buying Franchise
Virginia Registered Limited Liability Partnerships
I want to... | Fee | Filing Method | |
Start a New Business | Register as a Virginia Registered Limited Liability Partnership (UPA132) | $100 | File Online or Download Form UPA132-DOC or UPA132-PDF |
Restart Your Business | Restore your business (UPA134P) | $100 + unpaid fees | File Online or Request a Packet |
Maintain Your Registered Agent and Registered Office | Update your Registered Office Address or Change your Registered Agent (UPA135) | No Fee | File Online or Request a Form |
Resign as Registered Agent (UPA135RESIGN) | No Fee | File Online or Download Form UPA135R-DOC or UPA135R-PDF |
|
Update Your Business | Submit your Annual Continuation Report (UPA134) Note: Due annually on or before July 1st |
$50 | File Online or Request a Form |
Amend your registration as a Registered Limited Liability Partnership (UPA136) | $25 | File Online or Download Form UPA136-DOC or UPA136-PDF |
|
Close Your Business | Cancel your registration as a Registered Limited Liability Partnership (UPA137) | $25 | File Online or Download Form UPA137-DOC or UPA137-PDF |
Foreign Registered Limited Liability Partnerships
I want to... | Fee | Filing Method | |
Start a New Business | Register as a Foreign Registered Limited Liability Partnership (UPA138) Note: Must provide a certificate of status from your home state |
$100 | File Online or Download Form UPA138-DOC or UPA138-PDF |
Restart Your Business | Restore your business (UPA134P) | $100 + unpaid fees | File Online or Request a Packet |
Maintain Your Registered Agent and Registered Office | Update your Registered Office Address or Change your Registered Agent (UPA135) | No Fee | File Online or Request a Form |
Resign as Registered Agent (UPA135RESIGN) | No Fee | File Online or Download Form UPA135R-DOC or UPA135R-PDF |
|
Update Your Business | Submit your Annual Continuation Report (UPA134) Note: Due annually on or before July 1st |
$50 | File Online or Request a Form |
Amend your registration as a Registered Limited Liability Partnership (UPA136) | $25 | File Online or Download Form UPA136-DOC or UPA136-PDF |
|
Close Your Business | Cancel your registration as a Registered Limited Liability Partnership (UPA139) | $25 | File Online or Download Form UPA139-DOC or UPA139-PDF |
Investigations
Securities and franchises must be registered through the State Corporation Commission, Division of Securities and Retail Franchising or exempted before business is transacted in the Commonwealth of Virginia. We investigate complaints regarding the sale of investment products and franchises and the practices of investment advisors and broker dealers in Virginia.
Sections §13.1-518 of the Virginia Securities Act and §13.1-567 of the Virginia Retail Franchising Act authorize the Commission to conduct investigations of possible violations of these Acts. Investigations are initiated based on consumer complaints, referrals from outside agencies and surveillance. Investigations are confidential and no information is available to you until there is a hearing or a settlement that makes the information public.
The following are examples of actions that may be violations of the Acts:
- Failure to register
- Lack of disclosure or deficient disclosure
- Unlawful offers
- Misappropriation of funds
- Fraud or attempt to defraud
- Omission of material facts
- Misrepresentations
Such violations may result in official civil actions by the Commission, or they may be referred to other state or federal agencies for criminal prosecution. The Securities Consumers Guide is recommended for anyone interested in investing.
Financial Institutions
The Bureau of Financial Institutions (BFI) is a regulatory division of the Virginia State Corporation Commission (SCC.) This division is involved in consumer protection through administration of state laws regarding depository and non-depository financial institutions.
Depository financial institutions are comprised of Virginia-chartered banks and related holding companies, savings institutions and related holding companies, and credit unions. Non-depository institutions consist of trust companies, consumer finance companies, mortgage lenders and brokers, money transmitters, credit counseling agencies, motor vehicle title lenders, industrial loan associations, short-term lenders, check cashers, student loan servicers, and debt settlement services providers. Each institution is required to obtain a certificate of authority or a license prior to engaging in business with the exception of check cashers. Check cashers are required to register with the Bureau.
The Bureau also investigates and responds to consumer complaints. In addition to written complaints, the staff responds to thousands of telephone inquiries. The Bureau also has an outreach program for the purpose of improving the financial literacy of Virginians.