This article answers the following questions for a Virginia LLC:
What Is the Annual Fee?
In Virginia, an annual registration fee is a payment that your LLC must pay every year. This is separate from the Virginia annual report, which is only for corporations.
The purpose of this fee is to keep your business in good standing with the State of Virginia. Paying the annual registration fee and filing your LLC state taxes will make it easier for your business to do business in other states and even receive business financing from lenders.
Ready to form a Virginia LLC? Read our llc formation services review to find the best service for you.
How Do I Pay the Annual Fee?
You can pay your Virginia LLC annual fee through the State Corporation Commission website.
Pay Your Virginia Annual Fee
Pay Online With the Virginia Clerk’s Information System
Due Date: Virginia LLC annual fees are due every year by the end of your LLC’s anniversary month (i.e., the month when you initially registered your LLC with the state).
Late Filings: Any annual fee received after the due date will result in a $25 late fee, and your LLC will no longer be in good standing. Further failure to pay an annual registration fee could result in the dissolution of your Virginia LLC.
Should I Use a Registered Agent Service?
A registered agent is a person or business nominated by your company to officially receive and send papers on your behalf. By using a registered agent service, you can ensure that your LLC's fees are always paid on time to the appropriate government agency. Here are the three main advantages to using a registered agent service for your LLC:
- Avoid late filing penalties: The State Corporation Commission can dissolve a Virginia LLC if it does not pay an annual fee. A registered agent service will notify you when fees are due, and they can also submit the payment for you for an additional fee.
- Gain flexibility: A registered agent service can receive and send documents for your LLC during regular business hours so that you don’t have to be on the job from 9 a.m. to 5 p.m. every week. You can also use a registered agent service to form an LLC in other states where you don't already have an established business presence.
- Maintain privacy: Using a registered agent service allows you to keep your personal address off of public records, ensuring your privacy. Additionally, if someone sues your LLC, the lawsuit will be served to the registered agent’s address rather than your place of business.
Learn more about getting a Virginia registered agent by reading our guide.