Starting a Business in Glen Allen
Glen Allen is located in Henrico County and is a suburb of Richmond. With strategic access to Richmond and northern Virginia, Glen Allen attracts businesses that are looking for a pro-business climate with diverse industry opportunities.
Glen Allen offers a thriving business environment with support for growing businesses:
In 2007, Glen Allen ranked #66 on a list of the "Top 100 Places to Live” by CNNMoney.com. It also ranked #94 on the 2009 version of the list.
With Fortune 1000 companies headquartered in nearby Richmond, Glen Allen is home to appliance maker, Hamilton Beach and insurer Markel.
Henrico County is one of only 36 localities in the U.S. that holds an AAA bond rating from the three major national bond rating agencies.
With a central location, Glen Allen provides access to well-maintained highways and expressways including I-64, I-95, I-85, and I-295 and access to over 100 motor freight companies serving the area.
In addition, Glen Allen is just 20-25 minutes from Richmond International Airport and downtown Richmond, which is why businesses are flocking to the area.
Business Structure and Licensing
Starting a new business in Glen Allen means that you must first select a business structure. The e-file SCC system should be used, which will submit the required forms to the Virginia State Corporation Commission (SCC) for the purposes of setting up an LLC or corporation.
New businesses in Glen Allen are required to obtain business licenses. The Department of Finance for Henrico County handles applications for business licenses.
Businesses that will engage in the sale, lease or rental of tangible personal property are required to register for a retail sales tax permit with the Virginia Department of Taxation.
Business Support From Glen Allen
The Greater Richmond Chamber provides active support for business owners and offers many member benefits and provides support for businesses in Henrico County.
Business owners can obtain assistance from the Richmond District office of the Small Business Association which provides small business loan and assistance programs, free counseling and an International Trade Officer for businesses that are involved or interested in exporting.
Women business owners can obtain support from NAWBO Richmond, which offers partnership and networking opportunities.
The following links provide resources to help you get started with your Glen Allen business:
If you're starting a business in Glen Allen, contact Kovanes, CPA today at (804) 446-6685 to set up a consultation.