We will get rid of this new distraction now.
Fill in the details as follows:
As suggested in the message, click on the Additional Information tab just below the message itself.
Scroll to the bottom of the page and you will see the following form as shown in the screenshot but without any data in it:
And don't forget to click on Save in the top right-hand corner when you are done.
VirtueMart was just warning us that the most basic information required to configure the store was missing. Now it is entered, the warning is gone. We will enter more data about your company soon.