How do I change ownership of an LLC in Virginia?

How do I change ownership of an LLC in Virginia?

To make changes, file a Statement of Change of Principal Office. Annual Registration Fee: Each year the business’s registered agent will receive an Annual Registration Fee Notice for $50 from the Clerk’s Office two months prior to the month the LLC was formed.

How do you add a member to an existing LLC in Virginia?

Follow these steps for a smooth process when you add an owner to an LLC.

  1. Understand the Consequences.
  2. Review Your Operating Agreement.
  3. Decide on the Specifics.
  4. Prepare and Vote on an Amendment to Add Owner to LLC.
  5. Amend the Articles of Organization (if Necessary)
  6. File any Required Tax Forms.

Can I change the name of my LLC Virginia?

Virginia and foreign business entities authorized to do business in Virginia can file a name change online. To do so, Virginia business entities can file Articles of Amendment – Name Change. Foreign business entities can file an Application for Amended Certificate of Authority or Amended Certificate of Registration.

How do I change my business name in Virginia?

To report a legal business name change or a trading-as name change, mail us a completed Form R-3 (Registration Information Change Request). We can’t process legal business name changes online.

Can I transfer my LLC to my wife?

A business owner may opt to transfer his business to his wife’s name for a variety of reasons, such as retirement, asset protection or the desire to start a new company. The transfer can be conducted as an outright sale, a temporary lease or a transfer of ownership rights.

How do I remove a partner from my LLC in Virginia?

The only way a member of an LLC may be removed is by submitting a written notice of withdrawal unless the articles of organization or the operating agreement for the LLC in question details a procedure for members to vote out others.

Should I add my wife to my LLC?

The straightforward answer is no: You are not required to name your spouse anywhere in the LLC documents, especially if they aren’t directly involved in the business. However, there are some occasions where it may be helpful or necessary to include your spouse.

Can a husband and wife have a single-member LLC?

If you choose to set up your LLC with just one spouse as a member, you can classify it as a sole proprietorship or a corporation. If your LLC has more than one member, you can classify it as a partnership or corporation.

How much does it cost to form an LLC in Virginia?

How much does it cost to form an LLC in Virginia? The Virginia State Corporations Commission charges $100 to file the Certificate of Formation. You can reserve your LLC name with the Virginia State Corporations Commission for $10.

How long does it take to get an LLC in Virginia?

The filing fee to form an LLC in Virginia is $100. Filings can take 3 to 12 days to process. Expedited service is available for an additional fee. will handle all filing requirements and provide you with the total cost to get your business up and running in Virginia.

How much does it cost to register a business name 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).