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The Virginia Constitution of 1902 created the SCC to replace the Virginia Board of Public Works and the Office of Railroad Commissioner. The three-member Commission was charged with regulating the state railroads and telephone and telegraph companies and with registering corporations in Virginia. The SCC began operations on March 2, 1903.
A series LLC is a special form of a limited liability company that allows a single LLC to segregate its assets into separate series. For example, a series LLC that purchases separate pieces of real estate may put each in a separate series so if the lender forecloses on one piece of property, the others are not affected.
Organized in the owner’s primary state of residence, an LLC is relatively straightforward to set up. Because the documents needed for LLC establishment are limited and managing the company is ...
A foreign corporation which has not registered to do business in Virginia may still be sued in Virginia courts if it does extensive business in the state. Service on a general partnership may be effected on any general partner, which Virginia law holds to be sufficient to give notice to both the partnership as an entity, and to all named partners.
Other forms of local government are also provided by statute. [3] Virginia limits the authority of cities and counties to enact ordinances by what is known as the Dillon's Rule. Counties and cities may only pass laws expressly allowed by the state legislature or which are necessary to effect powers granted by the state. [4]
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