Effective July 1, HB 2121 (Act 487) makes several changes to the Code of Virginia related to business entities, remote meetings, and registered agent resignations. Please review the bill for more information. View info
Virginia – Board of Pharmacy Notice
Effective July 1,the Virginia Board of Pharmacy will no longer be mailing licenses on an annual basis with an expiration date. A final hard copy license will be issued with no expiration date. https://www.dhp.virginia.gov/pharmacy/newsletters/2019/PhamacyNews06262019.pdf
Virginia – Change to Assumed Name Filings
Effective May 1, Senate Bill 1309 removes the requirement to file a certificate of assumed name or fictitious business name with the circuit court clerk. Such filings will be filed with the office of the State Corporation Commission. http://lis.virginia.gov/cgi-bin/legp604.exe?171+ful+SB1309ER
Virginia – Certificate of Assumed Name
The effective date for when a business must file certificate of assumed name with the State Corporation Commission instead of the county clerk has changed. The new effective date for this legislature is January 1, 2020. https://lis.virginia.gov/cgi-bin/legp604.exe?191+ful+CHAP0464
Virginia – Remote Meetings
Effective July 1, House Bill 1205 allows for meetings of directors of nonstick corporations to be held via remote communication so long as the articles of incorporation or bylaws do not require the meetings be held at a physical location.
Virginia – Annual Registration Statements
Effective July 1, House Bill 48 addresses what must be included in annual registration statements from charitable organizations. The percentage of total expenses for administrative expenses and charitable services must now be included. http://lis.virginia.gov/cgi-bin/legp604.exe?181+sum+HB48
Virginia – Corporation Annual Report Requirements
Effective July 1, Senate Bill 387 discards the requirement for corporations to list the number of shares by class in their annual reports. https://lis.virginia.gov/cgi-bin/legp604.exe?181+ful+SB387ER
Virginia – LLC Records Available Electronically
Effective July 1, House Bill 918 allows LLCs to provide its members with access to LLC records electronically. http://lis.virginia.gov/cgi-bin/legp604.exe?161+ful+HB918ER
Virginia – Stock Corporation Act
Implemented for a July 1st, 2015 release, House Bill 1878, amends the Stock Corporation Act on a variety of topics including bylaws, consent to shareholder or director action, notice of meetings, duration of voting trusts and shareholder agreements, qualification of
Virginia – Clarification of naming policy
Signed by the Governor March 1 and effective July 1, House Bill 845 (Chapter 63) clarifies that the name of a business entity can not imply that the entity is another type of business entity. http://lis.virginia.gov/cgi-bin/legp604.exe?121+ful+HB845ER