Corporate tax
Virginia's corporation income tax rate is 6% of Virginia taxable income.
Virginia Department of Taxationas of 2026
Virginia
Business valuation in Virginia
Saltaire Partners works with owners of businesses in Virginia worth roughly $3–100M, from the New York metropolitan area. This page links to a local guide for each Virginia metro area covered so far, and sets out the state rules that change what a sale looks like here: corporate tax, personal income tax, clearances, transfer taxes. Every figure and rule links to its source.
Fixed fees. No exclusives. No success fees.
Metro areas
Virginia metro areas covered
-
Richmond
Richmond, VA Metro Area
- People in the metro area
- 1.34 million
- Median age
- 38.8
- Employer business locations
- 33,589
- Business locations with 20–499 employees
- 5,425
-
Washington, DC
Reaches into Virginia
- People in the metro area
- 6.32 million
- Median age
- 38.0
- Employer business locations
- 159,002
- Business locations with 20–499 employees
- 25,712
State rules
What Virginia adds to a sale
These statements come from the state's own agencies. Each one links to the page it was taken from.
Personal income tax
Owners of a Virginia pass-through entity report their shares of its income and gains on their own returns. The entity can instead elect to pay Virginia income tax at the entity level, and its eligible owners then claim a refundable credit for the tax paid on their behalf.
Virginia Department of Taxationas of 2026
Personal income tax
Virginia's individual income tax rates run from 2% to 5.75%. The 5.75% rate applies to Virginia taxable income over $17,000.
Virginia Department of Taxationas of 2025
Clearances
A business that sells out files a final Virginia sales and use tax return and pays within 15 days. The buyer withholds enough of the purchase money to cover the seller's unpaid sales tax until the seller produces a receipt or a no-tax-due certificate from the Tax Commissioner; a buyer that does not withhold becomes personally liable for it.
Virginia Department of Taxationas of 2020
Clearances
A new employer that acquires a business takes over its unemployment insurance history and tax rate unless it waives the transfer within 60 days of the acquisition. Only an arm's-length transaction can waive it.
Virginia Employment Commissionas of 2026
Transfer taxes
Virginia exempts an occasional sale from sales and use tax, and that includes the sale of all or substantially all the assets of a business. The exemption does not apply when the sale is one of a series large enough to require a sales tax registration.
Virginia Department of Taxationas of 2013
This is general information, not tax or legal advice. Your attorney and CPA should confirm how it applies to your sale.
Where to start
What's it worth?
Most owners start there. It's one module. You can buy it and stop. The rest of each menu is priced the same way.
Start here
Range of value opinion
What it's worth, and why. Delivered in a week.
- What you get
- A written range of value for the business, with the reasoning behind it: the earnings it rests on, the adjustments made, and what would move the number up or down.
- When it fits
- You want to know whether selling makes sense now. Or there's an offer on your desk and nothing to compare it to.
The first step
Not sure what you need?
That's what the call is for.
Saltaire Partners works with owners across Virginia from the New York metropolitan area. Calls are by video or phone.
On the call
30 min · free
Thirty minutes
By video or phone, at a time you pick.
We work out what you need
Which module fits, if any. Sometimes the answer is none yet.
You leave with a number
If a module fits, you'll know its fixed fee before you decide anything.