Election of status after formation

Va. Code Ann. § 13.1-785
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
A corporation that was not formed as a benefit corporation may become a benefit corporation by amending its articles so that they contain, in addition to matters required by § 13.1-619 , a statement that the corporation is a benefit corporation. Any such amendment to the articles of incorporation shall be adopted in accordance with the procedures set forth in § 13.1-707 ; however, the amendment shall be approved by all shareholders entitled to vote on the amendment, or if no shares have yet been issued, in accordance with § 13.1-709 . 2011, c. 698 .
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://law.lis.virginia.gov/vacode/13.1-785/Fetched: 10/16/2026

Starting a business in Virginia? Virginia LLC guide: costs and requirements