Can You Form A Corporation In A Different State If Your Business Will Operate In Virginia?

Generally, you can form your corporation from a different state and conduct operations within Virginia. However, this can only happen if you successfully qualify in doing business in Manassas, Virginia. 

There are added burdens, especially paperwork, that you must comply with before you can conduct operations within the state. To know more about this, it is strategic if you hire a dependable lawyer. 

You can speak with the available business formation lawyer at The Irving Law Firm. The Manassas, Virginia state requires you to register in the Corporation Commission as a foreign corporation. 

Therefore, the role of a legal counsel is an advantage. Also, it ensures that you are properly filing for the legal documents of your business operations.

 

Qualifying To Do Business In Virginia

For you to legally operate a corporation in Virginia, your business operations must highly source out within the state. The Virginia Code refers to this as an intrastate business. You cannot successfully register if the majority of your business is external to the country. 

Moreover, qualifying to do business in Manassas, Virginia is basically a process that involves filing paperwork and paying corresponding fees. In Virginia, you only need to follow the regular procedures of incorporating your business in the state. 

You must file for your articles of incorporation as well as pay for the fees. You must also gather the appropriate documents that are needed upon registration to the Virginia Corporation Commission. 

In business formation outside Virginia, you should also remember that corporations must have a registered agent. This is a requirement when you do business within the borders of the state. 

This individual must have a physical office in the country wherein it will be the receiving address of any legal papers. Qualification fees in Manassas, Virginia range from $100 to $500. 

This depends on the size and the type of business venture that your corporation engages in. If you have records of payroll, property, and sales in Virginia, you must also remember that you have the obligation to pay its appropriate taxes.

However, you must be mindful of tax payable complications, particularly on the personal income tax of the shareholders. You must have the appropriate knowledge of how personal tax collections are imposed in Virginia. This is for your shareholders to avoid double payments of financial obligations. 

Consequences Of Failure To Qualify

You are subject to face two primary consequences if you fail to meet the qualifications of conducting business within Manassas, Virginia. These include: 

• Penalties.
• Unable to file legal claims.

You could face and suffer what is known as late-qualification penalties. The late fee as per Virginia Code starts at $250. There is an additional $20 per day for failure to pay. 

Moreover, Virginia also prohibits businesses from filing lawsuits in the state courts if they have not met the requirements to do business within the state. 

Therefore, it is an advantage to your end if you consult first with a lawyer before wishing to conduct interstate business activities. Or if you really like to do business within Virginia, it may be strategic if you form your corporation with the Department of Corporation Commission of the state.

Summary

Before you venture into business in Manassas, Virginia, you should take note that you need to undergo a similar process of incorporating your company in the state. However, there may be complications especially in dealing with bureaucracy and tax-related concerns. 

The business formation lawyers at The Irving Law Firm can help you qualify to do business in Virginia if you really wish to. They are already familiar with the corporation laws in the state as well as the corresponding procedures. 

They can inform you about the important matters in incorporating a business in Manassas, Virginia. They can help you prepare the required documents such as the articles of incorporation. 

They can ensure that your corporation is legally sound in the state. For example, they will make sure that your company’s name is legally available. 

Do not hesitate in connecting with the firm. You do not want to delay your business operations so it is wise if you speak with them as soon as possible. Start your business in Manassas, Virginia but in a legal way.

This Info Is For You, Click Here