General Guide to Company Incorporation in West Virginia

Updated on Monday 11th June 2018

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General Guide to Company Incorporation in West Virginia Image
West Virginia or the “Mountain State”, as it is known, is the 38th largest state in America and a significant business center that hosts numerous large companies with activities in tourism, mining, banking or agriculture. We have prepared a general guide to company incorporation in West Virginia with information about how you can open a company in this state. Also, you can receive complete support in matters of company registration from our team of company formation agents in USA.

Can I open an LLC in West Virginia?

Foreign business persons who want to set up their operations in West Virginia can consider registering a limited liability company, one of the most popular business structures in America. Having an easy incorporation and fewer formalities, an LLC in West Virginia can suit most business needs of foreigners in USA. Among the information and documents of an LLC in West Virginia, the following are the most important:
  • the Memorandum and the Articles of Association with information about the name of the company and the owners;
  • the appointed board of directors in charge of the LLC in West Virginia;
  • the name of the appointed registered agent with residency in West Virginia;
  • complete information about the activities of the LLC you wish to form;
  • information about the business address of the LLC in West Virginia

We can provide you with complete company incorporation services in West Virginia and, more than that, we can represent your firm in this state and act as representative agents for your LLC. If you would like to start a business in USA, we invite you to address your inquiries to our team of advisors.

Do I need an operating agreement?

Even if an operating agreement is not mandatory, it is though recommended to bear in mind such an internal document. This contains information about the owners, their liabilities, the voting rights, the capital contribution and information about how the company can be closed. Our team of advisors can offer more details about how an operating agreement should be created.

Applying for EIN in West Virginia

Foreign investors who want to open a company in USA, including West Virginia, need to apply for the federal tax ID or the EIN (Employer Identification Number). This is the company’s identification number that shows that the business is a taxpayer in West Virginia, USA. The Internal Revenue Service or the IRS is the institution in charge of issuing the EIN for companies in West Virginia, through the local offices.

What is the sales tax in West Virginia?

The standard sales tax in West Virginia is set at a 6% rate, but cities in this state can impose their own sales taxes not exceeding 1% rate. In 2018, the highest tax rate is in Bluefield and it is at 7% rate.

Open a bank account in West Virginia

When establishing an LLC in West Virginia, a bank account is necessary for the company’s future operations. In West Virginia, there are numerous banks from which you can choose and, more than that, for opening a bank account, the company’s documents are necessary, besides the institutions’ forms. Talk to our specialists if you need support in this sense.

Do I need accounting services for my LLC in West Virginia?

Yes, it is mandatory to hire an accounting firm for your company in USA, including West Virginia, as such firm can handle matters like bookkeeping, payroll, annual financial statements among many others. The company formation in USA is an easy process which can be guided by our team of consultants.

Economy facts for West Virginia

West Virginia is known for the high production and export of coal at an international level and it is an appreciated state for doing business, ranking 48th among the most advantageous regions for business. Charleston is the capital of West Virginia and a major business center, alongside with cities like Clarksburg, Morgantown, Parkersburg or Huntington where your operations can be successfully placed.

If you want to start a company in USA, including West Virginia, we invite you to contact our team of company formation specialists in USA for in-depth information and assistance.