When choosing a Virginia business entity, many point to the fewer formalities and paper work as one advantage of conducting business through a Virginia limited liability company rather than a stock corporation. To an extent that certainly remains true, but if you read the Virginia Stock Corporation Act closely, you will realize that, through careful drafting of formation documents, a Virginia stock corporation can easily eliminate some of those annoying little corporate formalities that most small business owners and entrepreneurs could do without, such as a board of directors and stock certificates. While LLC formations greatly outnumber corporate formations in today’s small business world, the Virginia stock corporation remains a viable choice of business entity in many contexts.
Perkins Law, PLLC offers flat fee service packages for startup Virginia stock corporations, LLCs, benefit corporations, and nonstock corporations.