UNINCORPORATED ENTITY REGISTRATION
Limited Liability Companies. A limited liability company is
an unincorporated association which may be treated as a partnership
for tax purposes by providing owners with limited
liability similar to that available to shareholders of a stock
corporation.
A Virginia limited liability company is formed by fi ling articles
of organization with the State Corporation Commission
and paying a fi ling fee.
Foreign limited liability companies may register in Virginia
by fi ling an application for registration along with a copy of
the articles of organization fi led in the foreign limited liability
company’s jurisdiction of formation, duly authenticated
by the Secretary of State or other offi cial having custody of
the records in the state or other jurisdiction of its formation.
There is a fi ling fee for fi ling an application for registration.
Domestic and foreign limited liability companies pay an annual
fee which is assessed July 1 of each year.
Business Trusts. Business trusts are unincorporated businesses,
trusts, or associations governed by a governing instrument
that provides for the property or activities of the
business trust to be owned, managed or carried on by at least
one trustee for the benefi t of at least one benefi cial owner.
The benefi cial owners are normally entitled to the same
limitation of personal liability as are shareholders of a stock
corporation.
A Virginia business trust is formed by fi ling articles of
trust with the State Corporation Commission and paying a
fi ling fee.
Foreign business trusts may register in Virginia by fi ling an
application for registration along with a copy of the articles