Every Virginia LLC must pay an initial annual registration fee of $100.00. If you do not earn any income during the calendar year, you are still liable for paying this fee. However, there is no annual report filed with the state.
The annual fee is due within 30 days of formation. You cannot file it late. Failure to pay the annual fee will cause the LLC to dissolve.
If you want to keep your Virginia LLC alive, you must pay the annual fee every year.
What is the annual Virginia LLC fee?
The Virginia Limited Liability Company Act requires every Virginia limited liability company to file an Annual Information Form. If you are filing electronically, you must submit the form no later than November 30th of each year.
If you are filing paper forms, you must mail the form to the Secretary of the Commonwealth no later than December 31st of each year. You can find a link to the Annual Information Form here.
You’ll receive a receipt for the Annual Fees paid via email within 10 days of submitting the form.
When is the annual registration fee for my Virginia LLC due?
Virginia law requires that every person or entity forming a limited liability company must pay an annual registration fee. The fee is $50 per year for individuals and $100 per year for corporations. This is the same as filing an S Corporation or SubChapter S corporation. If you are a sole proprietorship, partnership, or unincorporated association, there is no annual registration fee.
The deadline to file your annual registration form is the 30th day of the anniversary month. For example, if your Virginia LLC is formed on January 1st, your annual registration fee is due on June 30th. You do not have to pay the annual registration fee until your Virginia LLC is actually registered. Once it is registered, you will receive a confirmation email stating that your annual registration fee has been paid.
If you fail to pay the annual registration fees, the Secretary of State’s Office will send you a notice requesting payment. Failure to respond to the request could lead to the suspension or revocation of your Virginia LLC’s certificate of authority.
Is there a deadline for paying the annual registration fee?
An individual or partnership can register a limited liability company (LLC) for free. An LLC can start operating immediately upon registering and paying the annual registration fee. However, a corporation must wait one full calendar month after filing articles of incorporation to become eligible to pay the annual registration fee.
For an LLC, the annual membership fee is $50 per member. This includes a $10 processing fee and $40 annual renewal fee. If the LLC does not renew the annual membership fee, the LLC becomes delinquent and loses its status as a registered entity.
A corporation pays an annual membership fee based on the number of outstanding shares. A corporation must pay an additional $25 fee if its total outstanding shares exceed 5,000.
Do I get a reminder?
The state of California requires every limited liability company (LLC) to file an annual report with the Secretary of State. When it does, the state sends out a form letter to the LLC’s registered agent asking for payment of the annual filing fee. But what happens if someone forgets to pay the fee? Or if the person doesn’t know he needs to pay the fee?
In fact, there are several scenarios where people might not realize they owe money to the state. For example, maybe the LLC didn’t even exist when the state sent the initial notice. Maybe the LLC owner moved away without informing his registered agent. Or perhaps the LLC owner never received the notice because he’s been traveling overseas. In either case, the LLC owner could easily miss the deadline to pay the annual filing fee.
If that happens, the state will automatically charge the LLC’s registered agent for the unpaid fees. And since the registered agent is usually a lawyer, the attorney probably won’t want to take responsibility for the missed fee. So the state will likely try to collect the money directly Is from the LLC owner.
Is there a fine if the annual registration fee is not paid?
Virginia requires annual registration fees for limited liability companies (LLCs). This includes filing fees, annual fees, and corporate franchise tax payments. In 2017, the state increased the annual registration fee to $50 per LLC.
The annual registration fee must be paid within 90 days of the date the LLC is formed. Failure to do so could lead to automatic cancellation of the LLC. However, there is a three month “grace period.” After the initial 90 day grace period expires, if the LLC hasn’t been registered, the LLC won’t be able to conduct business.
If your Virginia LLC isn’t registered, you’ll receive a letter stating so. Then, you have a three month period to register. If you fail to comply with the terms of the letter, your Virginia LLC will be canceled.
How can I pay my Annual Registration Fee?
You can register for an annual membership online or by mail. Both options are free. Here’s how to do it.
To register online, go to our registration form here. To register by mail, send us a check or money order made payable to the American Institute of Certified Public Accountants (AICPA). Be sure to include your name, address, phone number and email address. Mail your payment to: AICPA, POB 795, Alexandria VA 22314. Please allow up to 10 days for processing. If you want to make changes to your account information, log into your member profile.
Frequently Asked Questions
What is Contained in a Virginia Annual Report?
Your registered agent will receive a copy of your annual report from the Virginia State Corporation Commission with your current information. This document contains important information about your corporation, including the following:
Corporation name
SCC (Virginia State Corporation Commission) ID number – A unique identifier assigned to each corporation
Registered agent information
Number of authorized shares
The information contained within the annual report is used to keep track of changes to your corporation. For example, if you change your address, it is important to inform the state so that your reports are sent to the correct location. You must file a notice of change of address with the Virginia State Corporation Commission within 30 days of changing your mailing address.
Is There an Annual Report Filing Fee?
The Virginia Secretary of State’s office confirmed there is no charge for filing an annual report for either individuals or businesses. “There is no filing fee for the annual reports,” the state agency told Business News Daily. “However, there is a $10 per person charge for each corporation.”
In addition to the annual report, companies must pay an additional annual corporate registration fee. This is required regardless of whether or not the entity files an annual report.
James Rourke is a business and legal writer. He has written extensively on subjects such as contract law, company law, and intellectual property. His work has been featured in publications such as The Times, The Guardian, and Forbes. When he’s not writing, James enjoys spending time with his family and playing golf.
