Business Formation / LLC Virginia

How Much Does It Cost to Start an LLC in Virginia?

🏁 Initial Formation Costs

🔄 Ongoing Annual Costs

• Annual Report Fee: $50/year — required to keep your LLC in good standing 

• Late Filing Penalty: $25 — penalty assessed for late annual report

• Registered Agent Renewal: $0–$300/year (if using service)

• Certificate of Fact/Good Standing: $6 (optional) 

• Certified Copies: $6 each (optional)

💰 Estimated Cost Summary

• Minimum Startup: $100 (if you file the Articles yourself, appoint yourself as agent, and skip optional services)

• Typical Startup: $120–$400 (adding name reservation, DBA, agent service, operating agreement, EIN doesn’t add cost)

• Annual Maintenance: $50–$350+ (Annual Report, potential agent service, plus optional document costs)

📌 Key Takeaways

1. Formation: The state filing fee is a fixed $100 — no publication requirement or income-based franchise tax 

2. Annual Renewal: $50/year, with late fees if delayed — no escalating fees for bigger LLCs 

3. Name Reservation: $10, optional but helpful if you're not ready to file

4. Registered Agent: Optional cost; hiring a service offers privacy and compliance peace of mind 

5. Other Optional Fees: DBA ($10), Certificate of Good Standing or Fact ($6), and certified copies ($6 each).

✅ Recommended Next Steps

1. Check and reserve your LLC name for $10 (optional but prudent).

2. File your Articles of Organization: $100 one-time fee.

3. Appoint a registered agent (can be yourself or a paid service).

4. Draft an Operating Agreement (DIY or via attorney).

5. Obtain your EIN online for free from the IRS.

6. File your Annual Report each year ($50 due by your LLC anniversary).

7. Budget for agent renewal (if applicable) and any optional filings.

🛑 What additional costs am I responsible for?

In addition to our fee, you will be potentially responsible for the costs of some or all of the items below if applicable.

1. Licenses 
   
2. Filing Fees
3. Reports
4. Name Reservations
5. Articles of Organization