Ever wondered who pulls the strings behind the economic engine of the Commonwealth of Virginia? The State Corporation Commission (SCC) wields significant power, shaping everything from your utility bills to the insurance policies you rely on. This often-unsung state agency plays a critical role in the lives of every Virginian, yet its influence remains largely behind the scenes.
The State Corporation Commission (SCC) of Virginia, a cornerstone of the state's regulatory framework, operates as an independent agency. Its purview is vast, encompassing the oversight of several vital industries including utilities, insurance, financial institutions, securities, franchising, and railroads. Beyond its regulatory role, the SCC also functions as a court of record and a central filing office for corporations and liens. This multifaceted responsibility underscores the SCC's importance in Virginia's economic landscape. The Commission, created in 1902, holds significant powers, providing administrative, legislative, and judicial functions.
The SCC's reach extends beyond simple regulation; it also acts as a resource for consumers, businesses, and regulated entities. The agency's website provides a wealth of information, including guidance for consumers, businesses, and those operating within the regulated sectors. The SCC's commitment to consumer education and protection programs further highlights its dedication to serving the public interest. Through initiatives like these, the SCC ensures transparency and promotes fairness within the industries it oversees.
One of the key functions of the SCC is maintaining the integrity of Virginia's business environment. The commission oversees the registration of businesses, which is a fundamental aspect of economic activity in the state. Accessing and using the SCC website to perform a Virginia business entity search is free, ensuring that information about registered businesses is readily available to the public. The SCC also provides resources for those looking to start, maintain, or restart a business, as well as guidance on registering business names, trademarks, and franchises.
The SCC's operations are carried out by a dedicated team. The commission itself is composed of three commissioners, supported by a staff of 675 employees. Decisions made by the SCC can be appealed to the Virginia Supreme Court, which ensures accountability and the opportunity for judicial review. The SCCs physical presence is concentrated in Richmond, Virginia, where it houses both its main offices and its critical records.
The SCC's structure reflects the importance of checks and balances within the state government. While the Commission is permanent, the General Assembly has the authority to potentially increase the number of commissioners, allowing for a maximum of five members. This flexibility demonstrates the ability of the SCC to adapt to evolving regulatory needs.
The SCC's regulatory framework is structured to ensure clarity and accessibility for all stakeholders. Detailed information regarding the powers and duties of the commission can be found within Title 12.1, Chapter 3 of the state's legal code. The SCC encourages its stakeholders to engage with its official website, which contains detailed information on this and many other related subjects. The SCC is a fundamental pillar of the business structure of the state.
When navigating the SCC's website, one of the most valuable tools is the business entity search. This free service provides access to the database of registered businesses in Virginia. Users can choose between a standard search or an advanced search, allowing for flexibility in finding the specific information they need. The online database of registered businesses is a powerful tool, enabling users to access entity details and historical information. Whether you're a consumer looking to verify a business's legitimacy or an entrepreneur researching the competition, the SCC website offers a valuable resource.
The SCC offers online filing and management of business registrations and documents, simplifying the process for businesses across the state. The ability to file and manage documents online increases efficiency and reduces the administrative burden, promoting a more business-friendly environment. The SCC actively works to improve and increase ease of use on a wide range of processes and procedures, which shows their commitment to helping the people.
To register a business or trademark, or to renew any licenses, the SCC provides detailed instructions and resources to guide businesses through the process. From start-up to ongoing compliance, the SCC is a partner in ensuring businesses thrive in Virginia. The SCC's commitment to supporting the business community extends to providing information on a range of topics. In addition to its core functions, the SCC provides information about other business services and resources in Virginia, such as SWaM certification, ABC licenses, and RetirePath. These additional resources demonstrate the SCC's commitment to supporting the overall success of Virginia businesses.
The SCC assists consumers in matters related to the areas over which it has regulatory oversight. Residents are able to access valuable information to inform decisions. Common ways and tools are available to help Virginia residents. One example of this commitment is the ability to search for license information about an insurance agent, agency, navigator, or company, further demonstrating the SCC's dedication to protecting consumers.
The address for the Virginia State Corporation Commission is P.O. Box 1197, Richmond, VA 23218. For the Bureau of Insurance, the mailing address is P.O. Box 1157, Richmond, VA 23218. For those with questions, the commission encourages the public to reach out, with Janis Bunce available at janis.bunce@scc.virginia.gov to respond to inquiries. The SCC's commitment to accessibility ensures that the public can easily engage with the agency and receive the information they need.
The SCCs dedication to maintaining records and ensuring compliance includes specific deadlines. The annual report is due on the last day of the month your company incorporated or registered to do business in Virginia. The central filing office for corporations, partnerships, limited liability companies, and business trusts resides with the SCC, streamlining the process for businesses.
The Virginia State Corporation Commission (SCC) is a significant player in shaping the economic landscape of the Commonwealth. Through regulation, consumer protection, and support for businesses, the SCC strives to ensure a fair, transparent, and thriving marketplace for all Virginians. Its role is complex, but the impact is clear. The SCC is a driving force behind Virginia's economic health.
Heres a closer look at one of the individuals shaping the SCCs future:
| Category | Details |
|---|---|
| Name | Judge Bagot |
| Current Position | Commissioner, Virginia State Corporation Commission |
| Term Start | Elected by the General Assembly in 2024 (First Term) |
| Previous Role | Senior Attorney, Nextera Energy, Inc. |
| Prior Experience | Legal Advisor to Commissioner Mark C. Christie at the Federal Energy Regulatory Commission (FERC) |
| Jurisdiction | Utilities, Insurance, Financial Institutions, Securities, Franchising, and Railroads |
| Powers | Administrative, Legislative, and Judicial |
| Staff | Approximately 675 |
| Appeals | Decisions are appealable to the Virginia Supreme Court |
| Main Functions |
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| Website Reference | Virginia State Corporation Commission Official Website |
The SCC also deals with the different types of corporations, including Stock Corporations, which are authorized to issue shares to persons who become shareholders. The SCC's role in overseeing these corporations, and other businesses in Virginia, is critical to ensuring a stable business environment.
The SCC maintains an updated record of all businesses registered in the state. To access the database of registered businesses in Virginia, visit the Clerk's Information System.
Entities such as Westrock Virginia Corporation, Whitehorn Solar LLC, and Wolf Hills Energy, LLC, are all regulated businesses that the SCC oversees.
