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Virginia aligns alternative entity filings with filings for corporations

August 24, 2021

The Virginia Assembly amended the state’s business laws during the 2021 session to align alternative entity filings with comparable filings for stock corporations. The changes came in the wake of a comprehensive update of the Virginia Stock Corporation Act during the 2019 Session of the General Assembly.

The amendments affect filings by nonstock corporations, limited liability companies, business trusts, and partnerships related to cancellations, abandonments, name restrictions, registered agent resignations, and entity conversions.

The Assembly also approved adjustments to the assessment of annual fees after certain entity conversions or domestications.

The 2021 Edition of CSCPublishing’s Virginia Laws Governing Business Entities Annotated has been updated with all relevant legislation from the 2021 session of the Virginia Assembly—over 80 amended or enacted sections. A Table of Sections Affected provides a list of new and amended sections, while legislative analysis provides readers with an overview of the changes. The publication also includes the latest case notes from state and federal courts interpreting the law.

The 2021 Edition continues to provide commentary on the Virginia Stock Corporation Act, including excerpts from the 1985 Report of The Virginia Code Commission on that year’s revisions to the Act, as well as explanatory comments from the Joint Bar Committee. The comments contain significant contributions from prominent Virginia attorney Allen C. Goolsby of Hunton & Williams LLP.

Also included in this edition are an updated Fee Schedule with the current fees for business filings, as well as online access to 100 Virginia forms for incorporation/formation, qualification, mergers, dissolution, and name reservation for all entity types via the Lexis Store download center. A listing of forms and contact information for Virginia’s State Corporation Commission can be found in the book’s appendix.

As with CSC’s other annotated statutory collections, Virginia Laws Governing Business Entities is available as an ebook and is part of the LexisNexis Digital Library.