VA business tax registration form only allows for corporate or partnership treatment for LLC but our new VA LLC is a single-member electing for tax treatment as sole proprietorship (see https:/www.ireg.tax.virginia.gov/VTOL/iRegSignUp.seam?conversationId=161661&conversationIsLongRunning=true ) - what should I select when completing formBetter link here: http://www.tax.virginia.gov/taxforms/Business/Business%20Registration/R-1.pdf
Frankly, you should hire a good tax and business lawyer to form your LLC right from the beginning. Too many times I see businesses improperly formed and it costs more to correct than it would have to set it up correctly.
I hope this encourages you to get good legal help!
Good luck in your new business.
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Given that single member LLCs are quite common, I would suggestion contacting the office where you file the form. I'm sure this would not be the first time the question has been asked and they should have an answer. Given that single member LLCs are "disregarded" for tax purposes, my hunch would be to check sole proprietorship. That being said, I would definitely ask the question to the appropriate agency and also engage legal counsel. Good luck.
The instructions for Virginia Form R-1 clarify that a single-member LLC treated as a disregarded entity for federal income tax purposes (i.e., the single-member LLC has not elected to be classified as either a "C" corp. or "S" corp. for federal income tax purposes) will be treated similarly for state income tax purposes. In short, you'd select sole proprietorship...but as others have noted, always advisable to get both legal and tax/accounting advice when setting up a new business entity.
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