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2021 4.9 Satisfied (45 Votes)
2020 4.1 Satisfied (84 Votes)
2013 4.4 Satisfied (574 Votes)
2009 4.1 Satisfied (70 Votes)
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An EIN is required for LLCs that will have employees. Additionally, most banks require an EIN in order to open a business bank account. State tax identification number. Virginia requires a state tax identification number.
LLC formation timelines in 50 states StateStandard timeline California 2-4 business days for online filings 10-15 business days by mail About 10 business days for in-person filings Colorado Online filings are processed within several days 7-10 business days from the date received for mailed filings49 more rows Aug 9, 2024
Virginia does not require LLCs to have a written or even oral operating agreement in place, but you should consider a written one for many reasons. A Virginia operating agreements lawyer can explain the benefits of this crucial document and help draft one that suits your specific needs.
LLC Processing Time by State StateStandard Processing TimeExpedited Processing Time Virginia 2 - 3 weeks 7 - 9 days Washington 2 - 3 weeks 4 - 6 days West Virginia 2 - 3 weeks 4 - 6 days Wisconsin 2 - 3 weeks 3 - 5 days47 more rows
You can get an LLC in Virginia in 2-5 business days if you file online (or 2 weeks if you file by mail). If you need your Virginia LLC faster, you can pay for expedited processing.
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If there is a question of whether the business name is available, or if there are other questions regarding information contained in the Articles/Certificate of Organization, this can slow down the approval process significantly.
If your business already earns a profit or if it carries any risk of liability, you should start an LLC immediately. Many folks say you should form an LLC once you earn over $100,000. However, many lawyers insist you start an LLC from the get-go.

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