Last Updated on March 13, 2020
One of the requirements of maintaining an LLC or corporation in Virginia is filing an Annual Report. The Annual Report is used to confirm and update the company’s information each year with the Virginia State Corporation Commission.
How to File a Virginia Annual Report
You have the option of filing your Corporation and LLC Annual Report online or by mail. To file online, visit the Virginia State Corporation Commission’s website, otherwise you can download and fill out the Annual Report
The report asks for information such as:
- Legal name of the entity
- Office address
- Contact information for the Registered Agent
- Name and address of the officers, directors, members and/or managers
Annual Report Cost
There is no cost to file an Annual Report in Virginia for a Corporation, however the Corporation will have to pay the annual registration fee. The annual registration fee is based on the number of shares and is at a minimum, $100.
The cost to file an Annual Report a LLC is $50.
Corporations – Annual Reports for Virginia Corporations are due on the last day of the anniversary month the Corporation was formed. For example, if your Corporation was formed April 15th 2020, the Annual Report would be due by April 30th, 2021.
LLCs – Annual Reports for Virginia LLCs are due on the last day of the anniversary month the LLC was formed. For example, if your LLC was formed April 15th 2020, the Annual Report would be due by April 30th, 2021.
The State Corporation Commission’s office sends a reminder in advance of the Annual Report due date. Even though a reminder is sent, it’s important to make an additional reminder for yourself should you not receive it.
My business made little or no money. Do I still have to file the Annual Report?
Even if your Corporation or LLC received no income or had no business activity, the Annual Report is still required to be filed.
What happens if you don’t file the Annual Report on time?
If the Annual Report isn’t filed on time, Corporations will have a penalty fee of 10% of the annual registration fee, with a minimum charge of $10. LLCs will have a $25 penalty assessed.
Virginia State Corporation Commission Contact Information
Virginia State Corporation Commission
PO Box 1197
Richmond, Virginia 23218-1197
If you have questions, they can be contacted at (804)-371-9733 or email@example.com.