| WEST VIRGINIA |
| Name |
Must contain words Incorporated, Corporation, Company, Inc., Corp., Co., Limited Liability Company, Limited Company, Limited, Ltd., L.L.C, LC or L.C.Fictitious name fee is $25. |
| Information about Directors and Officers |
Company must have at least one Director. No age or residence requirement. One director can hold all officer positions. One person cannot be President and Secretary. It is required to list Directors, but it is not required to list Officers in the articles of incorporation. |
| Requirements for address |
Home address can be considered as company address. P. O. Box is not admissible. |
| Registered Agent |
Registered Agent is required if you do not live or have an office in West Virginia. Otherwise, you can be your Own Registered Agent. |
| Shares/Stock information |
You can authorize up to 5,000 shares at $1 per stock and incur the minimum fee or up to 200 shares at no par value. An increase in the shares may cause an increase in the initial filing fee. |
| Annual statement |
The rate of tax is the greater of: (1) $50 or (2) seventy-five one-hundredths of one percent of value of the corporation's capital. |
| State fees |
$50 registration fee plus attorney-in-fact-fee that goes from $6 to $12 and license tax fee that is calculated based on total value of stock. |
| Income tax rate |
9.0% of taxable income. |
| Franchise tax |
No franchise tax. |
| S Corporations |
Status is recognized by the state. Separate state election from the federal election is not required. |
| License requirements |
Most businesses must obtain a license and pay a fee if operating in the state. Check with the state to make sure your business is complying with the license requirements for your particular profession. |
| Corporate records |
The stock transfer ledger must be kept at the principal corporate office. |
