Law Offices of

Bernard C. Dietz, PC

 
Blog Home About Us Contact Us Terms & Conditions
Business Services
Virginia Biz Law Blog
Form a Virginia LLC
Form a Virginia corporation
Form a Benefit Corporation
Registered Agent Services
Buying & Selling a Biz

Information box
Contact me today to discuss how I can help your business succeed.  I can be reached by telephone - 804-290-7990 - or email - Info@DietzLawFirm.com

  • Blogroll

  •  
    Page 1 of 212


    Archive for May, 2007

    How do you find out whether the name you want to use for your new Virginia LLC or Virginia corporation is available?  There are two ways:

    1. You can check online by accessing the Virginia State Corporation Commission’s online database (called the Clerk’s Information System) located here.  Type in a potential name you would like to use; or
    2. Call the Clerk’s Office at 804-371-9733 or toll free (if you’re in Virginia) at 866-722-2551 and ask the Clerk to check for you.

    Look for the exact name or a confusing similarity with an existing Virginia LLC or Virginia corporation to avoid having your Articles returned to you.  And beware – this is not the same thing as “trademark clearance.”  Be sure to look deeper to be sure you’re not about to infringe someone else’s trademark.


    Posted: May 25th, 2007 at 7:24 am | | Email Post |
    Help others find this article at:



    Posted by Bernie Dietz
    Categories: FAQ

    When you form a Virginia LLC or Virginia corporation, you must name a registered agent and registered office.  Why?  The answer is because of the nature of corporations and LLC’s as separate entities.  In order to deal with these separate entities, we need to connect a real, breathing person to them for official purposes.  This person is the registered agent and all corporations and limited liability companies registered in Virginia are required to have a Virginia resident agent on record with the Virginia State Corporation Commission. 

    A registered agent is an individual that receives "official" mail and deliveries on behalf of a corporation or limited liability company. "Official" mail and deliveries generally means communications from either the Virginia State Corporation Commission or from a Court through service by the county sheriff (of a lawsuit, garnishment for an employee, etc.).

    There are restrictions on who can be your registered agent and where your registered office may be located.  A shareholder or LLC member may be a registered agent.  A licensed Virginia attorney may be a registered agent.  Your registered agent needs to be located in Virginia at a location that has a street address and where the agent is generally available during business hours.  This means P.O. Boxes, UPS Store boxes, and the like cannot serve as your registered office. 

    I serve as the registered agent for more than a hundred Virginia companies and would be happy to discuss this inexpensive service ($125 per year) with you.  Check out my Virginia registered agent website for more details.


    Posted: May 23rd, 2007 at 10:16 am | | Email Post |
    Help others find this article at:



    Posted by Bernie Dietz
    Categories: FAQ, Virginia non-profits

    Yes!  If you operate a charity in Virginia, you must first register with the state before soliciting contributions.  The Virginia Code requires that before you start soliciting funds from Virginia residents you first register with the state and pay the required filing fee. 

    If you’re planning on soliciting charitable donations from more than one state, however, you can file a unified registration statement to save time.  To learn more about unified registration statement, you can visit this site.


    Posted: May 22nd, 2007 at 11:37 am | | Email Post |
    Help others find this article at:



    Posted by Bernie Dietz
    Categories: Virginia limited liability companies

    One of the nice benefits of an LLC in Virginia is that you have many choices for how you will be taxed by the IRS.  The choices available to you will depend on whether you’re a single-member LLC or a multiple member LLC. 

    If you are a single-member LLC, the default tax status is as a sole proprietor.  This means that if you do nothing else, the IRS will disregard your LLC for tax purposes.  If you choose, however, you may elect to be taxed as either a C corp or an S corp.  An S corp may be beneficial for you because you can avoid some wage taxes on distributions.  in order to elect to be taxed as a C corp or a S corp, please keep in mind that you will need to file an additional form with the IRS.  That form, form 2553, can be found on the IRS website (opens as a PDF).

    If you are a multi-member LLC, the default tax status is as a partnership.  This means that if you do nothing else, the IRS will disregard your LLC for tax purposes, and the owners will be taxed on their proportion of income and losses in relation to their ownership share.  If you choose, however, you may elect to be taxed as either a C corp or a S corp.

    You should check with your CPA for more information on which tax status would be most beneficial for you.


    Posted: May 22nd, 2007 at 11:23 am | | Email Post |
    Help others find this article at:




    Page 1 of 212




    You are currently browsing the Virginia Business Law Blog weblog archives for May, 2007.

    Feeds

  • Categories

  • Monthly Archives

         

    Law Offices of      Bernard C. Dietz, PC

    Send us an or call us today
    804.290.7990

    "Bernie Dietz has been my business advisor since 1999. I don't negotiate or even consider a deal without his advice and guidance. He writes all my contracts. Bernie keeps me away from bad deals, and he helps shape every deal so it's profitable... [more]

    Nick Corcodilos AskTheHeadhunter.com"

    Registered Agent
    Need a Registered Agent?  Have a Virginia lawyer serve as your registered agent. We offer services for foreign and domestic companies in Virginia - click here for more info
     
     
     
    Copyright 2007-16 Bernard C. Dietz, PC. All rights reserved

    DISCLOSURE: The information obtained in this website is for general information purposes only and should not be construed as legal advice. Each legal issue is different and the information contained on this website may not apply to your case. No attorney-client relationship is formed by reading this website or by sending email to The Law Office of Bernard C. Dietz, PC.