Small Business 

Although there are several types of entities which are available to a small business owner in Virginia, it is our experience that most business owners generally choose to operate as a Sub-chapter S corporation ("S-corp") or a limited liability company ("LLC"). An S-corp is an incorporated entity approved to file federal taxes in a fashion which allows "flow through" tax treatment to its shareholders in order to avoid "double taxation" at the corporate level. An LLC is a hybrid entity which allows its members to act as a partnership for tax treatment and daily operations, but also gives the liability protection enjoyed by the shareholders of a corporation.

Our office assists small business owners by preparing the appropriate filings with the State Corporation Commission, preparing the company's basic documentation (such as minutes, bylaws, etc.), obtaining the company's federal identification number, and making necessary filings with the Internal Revenue Service to obtain S-corp status.

Generally, our office also provides annual reviews and services to most of our small business clients. This includes preparing the company's annual report to the State Corporation Commission, preparing the company's annual minutes, and acting as registered agent as required by Virginia law.