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Virginia business guide COMMONWEALTH OF VIRGINIA BUSINESS REGISTRATION GUIDE A Cooperative E ?ort By The State Corporation Commission The Virginia Employment Commission The Department of Taxation th Edition CINTRODUCTION Welcome to Virginia ? s business c

COMMONWEALTH OF VIRGINIA BUSINESS REGISTRATION GUIDE A Cooperative E ?ort By The State Corporation Commission The Virginia Employment Commission The Department of Taxation th Edition CINTRODUCTION Welcome to Virginia ? s business community This guide is designed for new businesses operating in the Commonwealth or deriving income from Virginia sources You are required to register with several state and local agencies and to help you in the process the State Corporation Commission SCC the Virginia Employment Commission VEC and the Department of Taxation TAX have developed this guide Included is a owchart of the seven steps to follow in registering a new business Immediately following is a brief explanation of each step and a list of registration requirements for the SCC VEC and TAX Also included is a brief description of other agencies you may need to contact before opening a new business And ?nally registration forms and instructions are also enclosed Information in this guide is current as of July and is believed to be accurate It may be advisable to contact the contributing agency for the most current information Agency contact information is contained within the guide The Virginia Business Information Center VBIC a division of the Department of Business Assistance is another resource that can serve as a ??one stop ? gateway for answers to your questions and information on how to obtain assistance and action from state government agencies and their programs Website www dba virginia gov E- mail vbic dba virginia gov Toll free - Direct - NOTE This guide is intended only to provide answers to the basic or most frequently asked questions concerning business registration requirements It is not intended to provide advice on which business type best suits your needs or how to start up and operate a business To ensure that you will operate your business within the law and in a manner to best protect your interests you should seek legal or other professional advice as may be appropriate iii CTABLE OF CONTENTS TABLE OF CONTENTS INTRODUCTION ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? iii REGISTRATION PROCESS FLOW CHART ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? v STEP Determine Your Business Entity Type ? ? ? ? ? ? ? ? ? ? ? ? ? STEP Registration Requirements for the State Corporation Commission ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? State Corporation Commission Forms STEP Determine if You Are Required to Obtain a Federal Employer Identi ?cation Number EIN ? ? ? ? ? ? ? ? ? ? ? ? ? Internal Revenue Service Forms STEP STEP STEP Determine if You Will be Liable for Unemployment Tax ? ? ? ? ? ? Registration Requirements for the Virginia Employment Commission ? ? ? ? ? ?