There are seven states in which all businesses need to obtain state business licenses, in addition to any required local licenses. The good news is that Virginia isn’t one of those states and doesn’t have a statewide business license requirement.
What businesses require a license in Virginia?
At the moment, the Commonwealth of Virginia doesn’t have a hard and fast statewide licensing rule for business owners — only for specific professions. For example, if you are an auctioneer, barber, home inspector, engineer, or real estate agent, you are required to have a license to work.
How do I get a small business license in Virginia?
How to Start a Small Business in Virginia
- Virginia Business Licensing Information. Contact the Virginia Department of Professional and Occupational Regulation at 804-367-8500 about licensing requirements. …
- Get a Federal Employer Identification Number (EIN) …
- Register Your Business.
Is an LLC and a business license the same thing?
A business license is not the same as forming an LLC (limited liability company) or other legal business entity. An LLC is a legally recognized business entity while a business license gives you permission to engage in a specific type of business in a certain jurisdiction.
How much is a small business license in Virginia?
Virginia requires corporations to pay an annual registration fee based on the number of shares they are authorized to issue. (The cost ranges from $100 for companies with up to 5,000 shares to $1,700 for companies with over 270,000 shares).
Do independent contractors need a business license in Virginia?
Do I really need to get a business license in Virginia? Yes! It’s true that a lot of self-employed individuals, particularly those who work from home, never get a state or local Virginia business license.
How much does it cost to set up an LLC in Virginia?
It’s actually quite affordable to form an LLC in Virginia. At a minimum, it will cost $100 to file your articles of organization and start your LLC.
Does a sole proprietorship need a business license in Virginia?
There isn’t a requirement in Virginia for sole proprietors to acquire a general business license, but depending on the nature of your business you may need other licenses and/or permits to operate in a compliant fashion.
Can you run a business without registering it?
It is entirely legal to operate as a sole proprietorship without registering your company. … All you need for IRS recognition is that you file your first business tax return, as required by federal law.
Can you run an online business without a license?
All companies require a business license, whether they sell online or from a brick-and-mortar storefront. … When you operate a business without the proper licenses, you risk heavy fines. In addition, the city or state may require you to cease operations until you complete the required paperwork.
Is an LLC a one time fee?
The LLC filing fee is a one-time fee paid to the state to form your LLC. What’s the LLC Annual Fee? The LLC annual fee is an ongoing fee paid to the state to keep your LLC in compliance and in good standing. It’s usually paid every 1 or 2 years, depending on the state.