Virginia Business Blog Roll http://www.virginiabusiness.com/index.php/news/index The blog to read in Virginia for business commentary, insight and analysis. en virginiatomorrow@virginiatomorrow.com Copyright 2012 2012-02-08T13:02:25-05:00 Forming a nonprofit http://www.virginiabusiness.com/index.php/guides/article/forming-a-nonprofit/227/ 2008 Guide to Doing Business in Virginia Guides, Doing business in Virginia Forming a nonprofit

Forming a nonprofit organization can be perfect for people who want to be their own boss and devote their work to charitable causes. A nonprofit is established just like a for-profit enterprise, with the additional step of applying for tax-exempt status with the Internal Revenue Service.

In Virginia, nonprofits must:

- Be registered as either a non-stock corporation or a limited liability company (LLC).

- Register with the Virginia Department of Agriculture and Consumer Services for the ability to raise funds.

- Obtain a local business license, and, if required, register with the Virginia Department of Taxation.

A nonprofit organization becomes tax-exempt (allowing individuals and businesses who donate to the organization to deduct their gifts on their federal tax returns) by filing an application to become classified as a 501(c)(3) organization.

Necessary forms include IRS Form 8718 and IRS Package 1023. For instructions on filling out these forms, read IRS publication 557, Tax-Exempt Status for Your Organization.
All IRS forms can be obtained by calling (800) TAX FORM or downloading them from http://www.irs.gov.

The Business Information Center of the VDBA can e-mail you a step-by-step explanation with live links to numerous resources and all required forms and instructions. Call (866) 248-8814 to request nonprofit instructions or e-mail your request to vbic@vbda.virginia.gov.



Business One-Stop to be unveiled in 2008

Starting a business in Virginia will become easier in early 2008 when the online “Business One-Stop” is introduced.  Entrepreneurs accessing the one-stop site will need to answer only a few simple questions to receive detailed information on the registrations, licenses and permits required.

Debut date of the new “Business One-Stop” will be announced on the Virginia Department of Business Assistance Web site, http://www.vdba.virginia.gov and the Virginia Business

Portal, http://www.business.virginia.gov.

 

]]> 2008-02-01T04:01:00-05:00 Bill advances to change teacher contracts in Virginia http://www.virginiabusiness.com/index.php/blog/article/Bill-advances-to-change-teacher-contracts-in-Virginia/317028/ RICHMOND A bill ending a de facto tenure system for public school teachers cleared a major hurdle this morning with a significant change: teachers with existing continuing contracts would keep them, even if they change school divisions. With the amendment, the House Education Committee voted to approve the bill 13-8. It could get a vote on the House floor as soon as Monday. 2012-02-08T12:02:25-05:00 Child welfare group opposes ‘conscience clause’ adoption legislation http://www.virginiabusiness.com/index.php/blog/article/Child-welfare-group-opposes-conscience-clause-adoption-legislation/317029/ RICHMOND In a letter to members of the Virginia Senate, a national child welfare organization has urged lawmakers to reject legislation that would allow private child placement agencies to deny adoption or foster care to prospective parents for religious or moral reasons. 2012-02-08T11:44:15-05:00 ‘Tebow’ bill to let home-schoolers play high school sports passes Va. House http://www.virginiabusiness.com/index.php/blog/article/Tebow-bill-to-let-home-schoolers-play-high-school-sports-passes-Va.-House/317027/ The House of Delegates voted 59 to 39 Wednesday in favor of a bill that would allow Virginia’s tens of thousands of home-schooled students to play sports at their local high schools. The “Tebow bill” — named for Tim Tebow, the starting Denver Broncos quarterback who was home-schooled in Florida but was allowed to play football at his local high school — will now be sent to the Senate. Read full article >> 2012-02-08T11:07:00-05:00 Bill regulating use of GPS tracking devices sent to House http://www.virginiabusiness.com/index.php/blog/article/Bill-regulating-use-of-GPS-tracking-devices-sent-to-House/317026/ The legislation comes amid the proliferation of spy-like GPS devices, which are already widely available. 2012-02-08T10:52:37-05:00 Unauthorized GPS tracking ban advances in Va. House http://www.virginiabusiness.com/index.php/blog/article/Unauthorized-GPS-tracking-ban-advances-in-Va.-House/317020/ By Larry O'Dell  RICHMOND A House of Delegates committee has endorsed legislation to prohibit the unauthorized use of GPS or other electronic tracking devices. 2012-02-08T09:58:24-05:00 Senate panel recommends further study of health exchange http://www.virginiabusiness.com/index.php/blog/article/Senate-panel-recommends-further-study-of-health-exchange/317021/ Subcommittee decides to carry over legislation that would make exchange part of the SCC; kills other exchange proposals. 2012-02-08T09:45:04-05:00 Virginia legislator says tax reform panel likely http://www.virginiabusiness.com/index.php/blog/article/Virginia-legislator-says-tax-reform-panel-likely/317022/ State Sen. Walter Stosch said today a tax-reform commission will be appointed to study several pieces of tax-related legislation that are being considered. 2012-02-08T09:27:33-05:00 Overhaul of teacher contracts, evaluations heads to House http://www.virginiabusiness.com/index.php/blog/article/Overhaul-of-teacher-contracts-evaluations-heads-to-House/317013/ House Education Committee backs bill that McDonnell administration says increases accountability. 2012-02-08T09:01:36-05:00 Obama narrowly pulls ahead of Romney in Va., poll finds http://www.virginiabusiness.com/index.php/blog/article/Obama-narrowly-pulls-ahead-of-Romney-in-Va.-poll-finds/317014/ President Barack Obama has moved past GOP presidential hopeful Mitt Romney in Virginia, 47 percent to 43 percent, in Quinnipiac poll. 2012-02-08T07:43:07-05:00