§ 13.1-1062. Annual registration fees to be paid by domestic and foreign limited liability companies
A. Every domestic limited liability company, and every foreign limited liability company registered to transact business in this Commonwealth, shall pay into the state treasury on or before October 1 in each year after the calendar year in which it was formed or registered to transact business in this Commonwealth an annual registration fee of $50; provided that the initial annual registration fee to be paid by a domestic limited liability company created by conversion shall be due in the year after the calendar year in which it converted.
B. The fees paid into the state treasury under this section and the fees collected under § 13.1-1005 shall be set aside and paid into the special fund created under § 13.1-775.1, and shall be used only by the Commission as it deems necessary to defray the costs of the Commission and of the office of the clerk of the Commission in supervising, implementing, administering and enforcing the provisions of this chapter. The projected excess of fees collected over the costs of administration and enforcement so incurred shall be paid into the general fund prior to the close of each fiscal year, based on the unexpended balance of the special fund at the end of the prior fiscal year. An adjustment of this transfer amount to reflect actual fees collected shall occur during the first quarter of the succeeding fiscal year.
(1991, c. 168; 1995, c. 621; 2001, c. 545; 2002, c. 1; 2006, c. 748.)
Sections: Previous 13.1-1056.3 13.1-1057 13.1-1058 13.1-1059 13.1-1060 13.1-1060.1 13.1-1061 13.1-1062 13.1-1063 13.1-1064 13.1-1065 13.1-1066 13.1-1067 13.1-1067.1 13.1-1068 NextLast modified: April 16, 2009