<< Starting a Business

• Entrepreneur's Tasks
• Federal Requirements
• State Requirements
  • State Tax Identification Number
  • Register Your Business Name
  • Unemployment and Workers' Compensation
  • Contractor and Tradesman Licenses and Certification
  • Trade Licenses
  • Food Manufacturers and Wholesale Food Distribution
• Local Requirements
• Business Capital & Financing
• Incentives

Unemployment and Workers' Compensation

The U.S. Department of Labor oversees the unemployment insurance system created by the Social Security Act of 1935. The system seeks to alleviate hardship for the unemployed, prevent unemployment, and promote reemployment. To achieve this, Virginia businesses may be subject to state unemployment compensation taxes. For more information, please contact the Virginia Employment Commission at:

Virginia Employment Commission
P.O. Box 1358
Richmond, VA 23218

Ph # (804) 786-1485
Web: http://www.vec.virginia.gov/

Workers' compensation insurance provides compensation and medical benefits to workers or their dependents if the workers become disabled, are injured, or die from accidental injury or disease inflicted from their employment. To this end, employers must carry Workers’ Compensation Insurance if they have three or more employees regularly in service. For more information on Workers' Compensation Insurance, contact:

Virginia Workers’ Compensation
1000 DMV Drive
Richmond, VA 23220

Ph # (877) 664-2566
Fax # (804) 367-9740                                                                                                                    Web: http://www.vwc.state.va.us/