VIRGINIA CORPORATION FOREIGN QUALIFICATION
What is Virginia Corporation Foreign Qualification?
explain
You want to do business in the state of Virginia but are registered as a Domestic Corporation in another state.
In order to legally conduct business in the state of Virginia you must register with the Virginia State Corporation Commission as
a
Foreign Corporation.
The process of registering as a Foreign Corporation in Virginia is called
Virginia Corporation Foreign Qualification.
The process of Virginia Corporation Foreign Qualification is similar to the process of forming a Domestic Corporation in Virginia.
Your original Domestic Corporation formation documents (usually called Articles of Incorporation) and By Laws apply to your Virginia Foreign Corporation.
The Officers and Directors of your Domestic Corporation have the same roles in the Virginia Foreign Corporation.
Specific requirements to qualify as a Foreign Corporation in Virginia are explained below.
Once you have made the decision to Qualify as a Foreign Corporation in Virginia,
a Virginia lawyer can file your documents and act as a middle man for a few hundred dollars an hour;
or you can use an online service provider like All Business Documents to perform these services.
Put the money you save with All Business Documents right where it belongs - into your new Virginia Foreign Corporation.
What is a Virginia Foreign Corporation?
explain
In the United States, just because you are registered to do business in one state does not mean that you can legally do business in another state.
If you want to transact any serious business in a state other than the state in which your Corporation is registered, most likely you will
have to register with the state in which you want to do business before you can legally conduct business there.
For example, a Corporation that is registered in California wants to do business in Virginia.
The California Corporation is a "Domestic" Corporation in California and will be a "Foreign" Corporation in Virginia.
The California Foreign Corporation needs to register with the Virginia State Corporation Commission as a Virginia Foreign Corporation.
The use of the term Foreign in this case refers specifically to individual US states.
The US government, including the IRS, considers a Foreign Corporation to be a Corporation that is registered outside
of the United States.
Do I need a lawyer to Form a Foreign Corporation in Virginia?
explain
The short answer is no.
The state of Virginia does not legally require a lawyer to form a
Virginia Foreign Corporation.
Our detailed
Foreign Corporation Information page may help you understand some
of the implications of forming a
Virginia Foreign Corporation.
However, if there is
anything about forming a Foreign Corporation in Virginia
that you're not sure about you should seek the advice of a competent Virginia lawyer, a Virginia accountant,
or both
before you form a Foreign Corporation in Virginia.
Once you have made the decision to form a Foreign Corporation in Virginia, a Virginia lawyer
can file your documents and act as a middle man for a few hundred dollars an hour; or you can use an online service provider like All Business Documents
to perform these services and
save money that you can use in your new Virginia Foreign Corporation.
Do I have to Reserve a Company Name before I Form a Foreign Corporation in VA?
explain
You are not legally required to reserve a Company Name for a new Virginia Foreign Corporation before you submit your application to Form a Foreign Corporation
in Virginia.
The Foreign Corporation name that you have registered in your home state may or may not be available in Virginia.
In that case you need a different name your Virginia Foreign Corporation.
Whether or not you need to reserve a company name for your new Virginia Foreign Corporation depends entirely on your business situation.
The Virginia State Corporation Commission uses names on a first come first served basis.
So if you think that someone may snatch the Company Name that you have in mind, you may want to reserve that Virginia Foreign Corporation Name.
What if the Virginia Foreign Corporation Name I want is already taken?
explain
If the Name you have chosen for your new Virginia Foreign Corporation is already in use by a currently active
Virginia Foreign Corporation or LLC then you will have to register a DBA Name with the county recorder in each Virginia county in which you want to do business. "DBA" is an abbreviation for "Doing Business As."
We verify that the Name you have chose for your new Virginia Foreign Corporation is available before we submit
your Foreign Corporation filing to the Virginia State Corporation Commission.
If necessary we can register a DBA Name in Virginia for you so that you can open your new Virginia business as quickly as possible.
What do I have to do to Form a Foreign Corporation in Virginia?
explain
- Prove that you are registered in a state other than Virginia as a Domestic Corporation
In order to register as a Foreign Corporation in the state of Virginia, you must first prove that you are registered in another state as a
Domestic Corporation.
The state of Virginia requires a certified copy of the formation documents from the home state of the Domestic Corporation.
These documents are usually called Articles of Incorporation.
If the formation documents have been amended then the Virginia State Corporation Commission also requires certified copy of all amendments.
We can get Certified Copies of your formation documents, as well as any other documents which have been filed, in any state.
- Choose a name for your Virginia Foreign Corporation
You can use the same name in Virginia that you use in your home state, however, if the name of your Domestic Corporation is not available you need to choose another name.
Your Virginia Foreign Corporation name can identify the type of products and services your business will provide;
or it may be the name of the founder; or it can be a combination of the two or something else.
In any case, the Virginia Foreign Corporation name that you choose must be distinguishable from the name of any other registered Virginia Corporation or other
business entity and the name must also be different from any reserved names on record with the state of Virginia.
Your Virginia Foreign Corporation name must not imply that it was formed for a purpose other than that stated in the
Your Virginia Foreign Corporation name must not be a name that is likely to mislead the public.
The name of a Virginia Foreign Corporation must include the word "Foreign Corporation" or
"Incorporated" or an abbreviation of one of these words.
It's important to choose a good name for your Virginia Foreign Corporation because if you want to change it after you qualify you
will have to file amended documents with the Virginia State Corporation Commission (and pay a fee).
We will check to make sure that your requested Virginia Foreign Corporation name is available and conforms to all state of Virginia
Foreign Corporation naming regulations.
- Select an official address and a Registered Agent for your Virginia Foreign Corporation
Every Virginia Foreign Corporation must have an address that is physically located in the state of Virginia.
This address is "registered" with the Virginia State Corporation Commission.
The Registered Address cannot be a PO Box and is where official and legal correspondence can be delivered.
The individual or company that is registered with the state of Virginia to receive all correspondence on behalf of the Virginia
Foreign Corporation is called a "Registered Agent".
You may act as your own Registered Agent, however, many Virginia Foreign Corporations hire a Registered Agent because they don't have a physical
address within the state of Virginia or to provide a distinct level of privacy.
We provide Registered Agent services in Virginia as well as all other states and the District of Columbia.
- File Registration Documents with the Virginia State Corporation Commission
In order to Qualify as a Foreign Corporation in Virginia you must file Registration Documents with the Virginia State Corporation Commission.
In Virginia the registration documents are named "Application for a Certificate of Authority to Transact Business in Virginia as a Foreign Corporation".
The registration documents must include certain specific information about your Virginia business.
If the Registration Documents do not conform exactly to state of Virginia requirements they will be rejected. 
If you need to change any of the information on your registration documents after your Virginia Foreign Corporation has been approved,
you may amend the registration documents for your Virginia Foreign Corporation but you will have to pay a fee to
the state of Virginia in order to make the changes official.
- Determine how you want your Virginia Foreign Corporation to be taxed
The Virginia Corporate Income Tax Rate is %.
You may choose that your Virginia Foreign Corporation to be taxed as a C Corporation or S Corporation.
A C Corporation is what you may think of as a traditional Corporation like General Electric or Ford.
C Corporations pay a Corporate income tax to the state if that state taxes Foreign Corporations.
You may choose to have your Virginia Foreign Corporation taxed as a S Corporation.
S Corporations "pass through" all corporate profits to the shareholders (owners) who then pay tax at their applicable personal rate.
S Corporations do not pay any Virginia Corporate Income Tax.
If you choose to be taxed as an S Corporation, we can prepare the S Corporation election form for your Virginia Foreign Corporation and include it with
your final Foreign Corporation documents package.
What do I have to do after I Form a Foreign Corporation in Virginia?
explain
- Obtain Business Licenses from the cities and counties in which you plan to do business
- File the required reports for your Virginia Foreign Corporation
- Keep proper records of your Virginia Foreign Corporation on file
- Pay your taxes to the state of Virginia
- Obtain Business Licenses from the cities and counties in which you plan to do business
Note that forming a Virginia Foreign Corporation does not take the place of obtaining a local business license, tax
registration certificate, or other required business permits.
A Virginia Foreign Corporation merely creates an ownership structure that limits the owners' personal liability.
You may still need to take care of getting set up to do business with your local government.
Depending on the nature of the business and the location of your Virginia Foreign Corporation within Virginia you may need to get one or more local
business licenses or permits.
The business licenses or permits that are required for your Virginia Foreign Corporation vary depending on your business activities
and the specific locations within the state of Virginia in which you want to conduct business.
If your Virginia Foreign Corporation will be selling products in Virginia you may be required to obtain a Reseller's Permit from the appropriate
Virginia state agency.
If your Virginia Foreign Corporation will be selling products in Virginia you will also be responsible for all applicable local and state of Virginia
sales taxes if there are any.
We have the expertise to find out exactly which state and local permits that you need for your specific business.
- File the required reports for your Virginia Foreign Corporation
The Virginia Corporation Annual Report includes basic information about your Virginia Foreign Corporation including information on your Officers and Directors.
Failure to submit a properly completed Virginia to the Virginia State Corporation Commission on or before the
due date may subject the Virginia Foreign Corporation to being administratively dissolved in the state of Virginia or having its authority to
transact business in the state of Virginia revoked by the Virginia State Corporation Commission.
Penalties may accrue if you fail to file any Virginia Foreign Corporation to the Virginia State Corporation Commission by the due date.
- Keep proper records of your Virginia Foreign Corporation on file
Keep the following records on file and available at the principal business office of your Virginia Foreign Corporation:
- Names and addresses of all Directors and Officers of the Virginia Foreign Corporation
- Foreign Corporation formation documents and any Amendments to them
- Corporate Bylaws and any Amendments to them
- List of current shareholders of the Foreign Virginia Foreign Corporation.
If shareholders change, keep a record of old shareholders and how stock was transferred.
- Minutes of all Meetings of Shareholders and Directors
- Copies of any Corporate Resolutions which have been adopted by the Virginia Foreign Corporation
- Copies of all tax returns and Annual Reports for the Virginia Foreign Corporation for the last 3 years
- Pay your taxes to the state of Virginia
Foreign Corporations that either do business in the state of Virginia or that derive income from sources within the state of Virginia are subject
to Virginia and federal tax laws.
If you are engaged in intrastate business and derive income from other states besides Virginia, you must allocate the amount of income derived
from the state of Virginia in order to determine your Virginia state taxes.
What information do I need in order to Form a Foreign Corporation in Virginia?
explain
In order to Incorporate in Virginia you'll need the following information about your new Company:
- The name of your new Virginia Foreign Corporation along with your second choice of a name in case the name that you want is not available
- Physical address of the Foreign Corporation office in Virginia (not a PO Box)
- A certified copy of your formation documents from your home state including any amendments to them
- A description of the nature of the business you are planning to operate with the Virginia Foreign Corporation
- The number of shares of stock that the Virginia Foreign Corporation will be authorized to issue
- When the Virginia Foreign Corporation will start and when it will cease to exist (normally the Foreign Corporation starts on the date the application is filed and will exist perpetually)
- Names and addresses of the initial Directors of the Virginia Foreign Corporation
- Names and addresses of each Officer of the Virginia Foreign Corporation
Remember -
ALL the information that you provide when you Form a Foreign Corporation in Virginia becomes part of the public record.
Our data entry forms include the
absolute minimum amount of information that is required in order to Form a new Foreign Corporation in Virginia.
How long does it take to Form a Foreign Corporation in Virginia?
explain
Processing times for new Virginia Foreign Corporation applications vary depending on the work load of the
State Corporation Commission's staff.
We've found that normal processing of new Virginia Foreign Corporation applications takes the state around 3-4 business days.
Add 2-3 days for the time period for shipping the final documents by mail.
Choosing our Express Mail option can shave a couple of days off the total processing time for your new Virginia Foreign Corporation.
PLEASE NOTE: WE CANNOT GUARANTEE VIRGINIA STATE CORPORATION COMMISSION PROCESSING TIMES.
The Virginia State Corporation Commission reserves the right to extend expedite periods in time of extreme volume, staff shortage or
equipment malfunction.
We are dependent on, and have no control over, the staff and systems of the Virginia State Corporation Commission.
In our experience 3-4 business days is the time it
usually takes the Virginia State Corporation Commission to process
a new Virginia Foreign Corporation application.
We get your Virginia Foreign Corporation application to the VA State Corporation Commission ASAP.
Once it is at the state we have no control over the new Virginia Foreign Corporation application process.
Also, please note that the Virginia State Corporation Commission requires a Certified Copy of the Articles of Incorporation from the home, or domestic,
state to be submitted with the application for a Virginia Foreign Corporation Qualification.
Depending on the home state it could take 5 business days or more to obtain the Certified Copy of the Articles of Incorporation from
the Secretary of State in the home state.
How much does it cost to Form a Foreign Corporation in Virginia?
explain
The state of Virginia charges $110.00 to Form a Foreign Corporation in VA. Also add the cost of a Certified Copy of your Articles of Incorporation from your home state.
If you choose us to help you Form your Foreign Corporation in Virginia our processing fees are $145.00.
This includes:
- Same day processing of your new Virginia Foreign Corporation order
- VA Name Check and Reservation
- Prepare Application for a Certificate of Authority to Transact Business in Virginia as a Foreign Corporation
- File Formation Documents with the Virginia State Corporation Commission
- Certified Copies of Formation Documents
- Virginia Foreign Corporation Checklist
- Priority Mail Delivery
- Unlimited Customer Support
Total Virginia Foreign Corporation filing fees are based on the total number of authorized shares specified on the application.
The maximum filing fee for a new Virginia Foreign Corporation is $2500.
The total number of authorized shares specified on the Virginia Foreign Corporation application must match the number of authorized shares specified on the Articles of Incorporation or any amendments from the home state.
To avoid paying a high fee It is best to keep the total number of
authorized shares to 25,000 or less.
VIRGINIA FOREIGN CORPORATION COST ESTIMATOR
Our Virginia
Foreign Corporation Services include:
(These services are included in our processing fees)
Optional Virginia
Foreign Corporation Services
(Choose options, cost is updated automatically)
-
Expedited Service
explain
Normal processing time for a new Virginia Foreign Corporation is 3-4 business days.
The Virginia Secretary of State offers two expedited filing options for new Virginia Corporation applications. For an additional $100 the Secretary of State will process your new Virginia Corporation filing by the next business day. For $200 the Secretary of State will process your new Virginia Corporation filing the same day for applications submitted before 12:00 noon Virginia time.
This is the time by which the Virginia State Corporation Commission will either approve or deny the Foreign Corporation application.
Virginia Foreign Corporation applications must be received by the State Corporation Commission before noon Virginia time for the process to start that day.
Another way to expedite your order is to choose the Express Mail option.
The Express Mail option can cut document delivery times in half.
-
- Express Mail - $35
explain
If you really need your original approved Application for a Certificate of Authority to Transact Business in Virginia as a Foreign Corporation in your hands quickly, the
Express Mail option can cut the delivery time in half.
The Express Mail option has no effect on the Virginia State Corporation Commission's processing time. For the quickest turn-around time also choose the Expedited Service option.
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S Corporation Election - $50
explain
S Corporations are taxed differently than C Corporations.
With an S Corporation, business profits may be "passed through" directly to the shareholders.
This avoids the double tax on both corporate and shareholder profits.
S Corporations do not pay any Virginia Corporate Income Tax.
We can prepare the S Corporation Election form for you and include it with your final Foreign Corporation documents pakage.
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VA Registered Agent - $135
explain
Every Virginia Foreign Corporation is required to have an address within the state of Virginia where
official and legal correspondence can be delivered.
The individual or company that is registered with the state of Virginia to receive all correspondence
on behalf of the Foreign Corporation is called a Registered Agent.
You may act as your own Registered Agent, however, many Foreign Corporations hire a Registered Agent because they don't have a physical address within
Virginia or to provide a distinct level of privacy.
We can act as your Virginia Foreign Corporation Registered Agent.
This is an annual service.
We will forward all correspondence to you and will remind you when it is time to renew your VA Registered Agent services.
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VA Good Standing Certificate - $34
explain
A Virginia Good Standing Certficate is proof of the existence of your new Virginia Foreign Corporation.
The Certificate is issued by the Virginia State Corporation Commission and is proof that your VA Foreign Corporation is not behind on any
of its Virginia State Corporation Commission Corporate obligations.
A Virginia Good Standing Certificate is often required for loans, to apply for business licenses, or for tax or other business purposes
in the state of Virginia or in any other state.
We can get your Virginia Good Standing Certificate immediately after the Virginia State Corporation Commission has approved your Foreign Corporation filing.
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Federal EIN - $65
explain
An FEIN is like a Social Security Number for your Virginia Foreign Corporation.
We can get your FEIN on the same day that your Application for a Certificate of Authority to Transact Business in Virginia as a Foreign Corporation are approved by the Virginia State Corporation Commission.
You can get your FEIN before your articles are approved by the Virginia State Corporation Commission but it's a good idea to wait until
after approval.
Your filing may be rejected or the Foreign Corporation name that you want may not be approved.
Changing information on an FEIN filing is not a trivial exercise with the IRS.
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Foreign Corporation Kit and Seal - $99
explain
While you're not required to have a Foreign Corporation Kit and Seal for your new Virginia Foreign Corporation they do come in handy.
The VA Foreign Corporation Kit consists of a beautiful customized binder, stock certificates, a stock ledger
and your custom Foreign Corporation Seal.
The Foreign Corporation Seal is used to emboss important company documents, such as stock certificates.
The binder also includes dividers so you can use it for all of your Virginia Foreign Corporation record keeping.
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Business License Research - $175
explain
Most new Virginia Foreign Corporations are required to get some kind of state, regional or local permits or business licenses.
The task to figure out exactly what you need can be daunting.
We can determine exactly which forms you need to fill out, fill them out for you and file the forms with the appropriate government agency
where possible.
CERTIFIED COPY
You will need a Certified Copy of your Articles of Incorporation from your home state that is no older than 12 months.
Choose your home state from the list, the price of the certificate below will be updated automatically.