Forming our salon’s parent LLC in Virginia

When my wife and I were preparing to start our business, we looked at all the different business structures. We decided to organize as a Limited Liability Company (LLC) due to the fewer requirements and the same limited liability as a corporation. It is important to note, however, that the Internal Revenue Service (IRS) treats us as a Partnership and all income is passed through to us as individuals. Thus, our LLC is a pass-through entity. Here is how simple it is to form an LLC in Virginia.