Taxation of pass-through entities

Va. Code Ann. § 58.1-390.2
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
Except as provided for in this article, owners of pass-through entities shall be liable for tax under this chapter only in their separate or individual capacities on income passed through to the owners of pass-through entities. Any taxes imposed on the pass-through entity itself, including the tax levied pursuant to § 58.1-390.3 , sales and use taxes, withholding taxes with respect to employees or nonresident owners, and minimum taxes in lieu of income taxes, shall be paid by the pass-through entity. 2004, Sp. Sess. I, c. 3 ; 2009, cc. 37 , 152 ; 2022, cc. 689 , 690 .
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://law.lis.virginia.gov/vacode/58.1-390.2/Fetched: 10/16/2026

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