DISCLAIMER: I am not an attorney, nor have I sought the advice of one for creating an LLC. The steps which I outline below may be incomplete, erroneous, or just plain wrong. They are meant for informational purposes only, and should not be used as a guide in any way.
A few days and $100 later, the first of several steps required to start an LLC in the Commonwealth of Virginia is complete:
I have officially filed with the State Corporation Commission of the Commonwealth of Virginia – which ironically, I have demoed several Oracle products to. I can say with almost 100% certainty that this is not one of them.
Once I hear back from the SCC, it’s off to irs.gov to get an EIN. After that, I have to fill out a form for the Virginia Department of Taxation, check with my county & town governments, and then I’m officially in business!
I also ordered QuickBooks Pro so that I can keep my own books. This is not something that I’m 100% comfortable with, but I have used Intuit’s TurboTax before, and if QuickBooks is anything like TurboTax, I should manage. Worse comes to worse, I know a couple of CPAs that may be able to be persuaded to help me out.
For the next few days at least, I’m waiting to hear back from the Virginia SCC, as all of the preceding steps depend on the LLC being successfully registered.
A few days and $100 later, the first of several steps required to start an LLC in the Commonwealth of Virginia is complete:
I have officially filed with the State Corporation Commission of the Commonwealth of Virginia – which ironically, I have demoed several Oracle products to. I can say with almost 100% certainty that this is not one of them.
Once I hear back from the SCC, it’s off to irs.gov to get an EIN. After that, I have to fill out a form for the Virginia Department of Taxation, check with my county & town governments, and then I’m officially in business!
I also ordered QuickBooks Pro so that I can keep my own books. This is not something that I’m 100% comfortable with, but I have used Intuit’s TurboTax before, and if QuickBooks is anything like TurboTax, I should manage. Worse comes to worse, I know a couple of CPAs that may be able to be persuaded to help me out.
For the next few days at least, I’m waiting to hear back from the Virginia SCC, as all of the preceding steps depend on the LLC being successfully registered.
Comments
(Apologies if this is inappropiate marketing) but as you start out your business and need various business services at a reasonable price (logo design, brochures, even legal/accounting services), you may wish to check out the services marketplace at www.elance.com. Best of luck!
Bill
Always good to hear from you! Thanks for the offfer, I'll be sure to check it out, as I'm sure I will be in need of some of those services soon.
Thanks!
- Scott -
- Bob B
- Scott -
How soon can we expect to see your face on the cover or Fortune or Forbes? ;)
I was somewhat surprised to see the title of 'Commonwealth of Virginia'. I thought the British Empire had the monopoly on the word 'Commonwealth'. (Whose wealth is in common is another topic!)
Not sure when I'll be on one of those magazines - in the short term, there's always Photoshop! :)
As far as Commonwealths are concerned, we have a few holdouts from Colonial times - Virginia, Massachusetts, Kentucky and Pennsylvania. Not sure what the difference is between a Commonwealth and a State, but I suspect its absolutely nothing. Especially since I had to deal with the STATE Corporation Commission of the COMMONWEALTH of Virginia, I can get a speeding ticket from the Virginia STATE Police, and this page will just confuse you even more.
- Scott -
I don't think so, as there is no JInitiator requirement, which is required for Forms 6i via the Web. The fact that it makes mention of "PF1" and "PF2" keys leads me to believe that it's an old mainframe application with some web screen-scraper front end. What an opportunity for HTML DB! :)
Thanks,
- Scott -
A LLC is a type of corporation which is quick & easy to form. There's a number of options that I could have chosed from, but according to most of the guys at the new job, the LLC is the most hassle-free and easy way to go.
Here's some more info on the specifics: LLC Info
Thanks,
- Scott -
'Limited Liability Company'
That is what I wanted to know!
Thanks.
My questions are:
1. Do I need to obtain any permission from the State/City. All I do is consulting work.
2. Do I need a Federal Id? (Tax)
3. Do I need a State Id? (Tax)
If so, who do I contact?
Please help!
My questions are:
Anonymous - please see my disclaimer. I am in no position to answer any questions of that sort, especially for a state in which I do not live. Sorry.
- Scott -