Step-by-step guide to starting a business in Washington
- File your formation document with the Secretary of State.
- Wait for processing and your UBI number.
- Submit your master Business License Application.
- Apply for other licenses and permits.
- File your Initial Report.
- Obtain a Federal Tax ID Number (EIN).
How do I register my business in Washington State?
How to Form a Corporation in Washington
- Choose a Corporate Name.
- File Articles of Incorporation.
- Appoint a Registered Agent.
- Prepare Corporate Bylaws.
- Appoint Directors and Hold First Board Meeting.
- File Annual Report.
- Obtain an EIN.
How much does it cost to start a business in Washington State?
The standard filing fee for forming a limited partnership, profit corporation, or LLC is $180 and $30 for a nonprofit corporation. Additional fees may apply if expedited filing is desired (we generally recommend expediting the filing for quick confirmation but it is usually an additional $50).
How do I start an LLC in Washington state?
Starting an LLC in Washington is Easy
- STEP 1: Name Your Washington LLC.
- STEP 2: Choose a Registered Agent in Washington.
- STEP 3: File the Washington LLC Certificate of Formation.
- STEP 4: Create a Washington LLC Operating Agreement.
- STEP 5: Get a Washington LLC EIN.
How much does it cost to set up an LLC in Washington state?
How much does it cost to form an LLC in Washington? The Washington Secretary of State charges a $180 fee to file the Certificate of Formation mail and $200 if filed online. You can file an LLC name reservation for $30. You can pay an additional $50 for expedited processing.
Does Washington state allow domestication of LLC?
On June 12, 2014 legislation allowing business entities to change thier structure became effective. Corporation and Limited Liability Company (LLC) laws now join the Limited Partnership law in Washington in allowing these entities to convert to certain other structures, as well as change thier domicile.
Is an LLC a corporation?
Although a limited liability company (LLC) is not considered either a corporation or a partnership, it shares similarities with each. For example, an LLC is treated as a partnership for income tax purposes and must be formed in a specific state like a partnership.
How do you start a LLC company?
Steps to Form an LLC
- Choose a name for your LLC.
- File Articles of Organization.
- Choose a registered agent.
- Decide on member vs. manager management.
- Create an LLC operating agreement.
- Comply with other tax and regulatory requirements.
- File annual reports.
- Out of state LLC registration.
What is the difference between an LLC and a corporation?
The main difference between an LLC and a corporation is that an llc is owned by one or more individuals, and a corporation is owned by its shareholders. No matter which entity you choose, both entities offer big benefits to your business.
Do you need a business license for a LLC?
In most states, forming an LLC doesn’t require a business license, but you’ll need to follow your state’s procedures. An LLC requires registering with the state and filing the appropriate forms. But even though you don’t need a business license to form an LLC, you probably need one to operate the LLC as a business.
What is the difference between professional LLC and LLC?
PLLCs offer the same benefits as LLCs. The main difference between a LLC and a PLLC is that only professionals recognized in a state through licensing, such as architects, medical practitioners and lawyers, can form PLLCs.
How long does it take to get an LLC in Washington?
If you form your Washington LLC by mail, it will take 7-10 business days to be approved. However, during peak filing times, it can take as long as twenty three (23) business days. Online: If you form your Washington LLC online, it will take 2-3 business days to be approved.
How much does a business license cost in Washington state?
How much does a Washington business license cost? A Washington business license costs $90, plus $10 to renew it each year. The cost of other licenses and permits varies.
What is the disadvantage of an LLC?
Disadvantages of creating an LLC Cost: An LLC usually costs more to form and maintain than a sole proprietorship or general partnership. States charge an initial formation fee. Many states also impose ongoing fees, such as annual report and/or franchise tax fees.
What is better LLC or sole proprietorship?
One of the key benefits of an LLC versus the sole proprietorship is that a member’s liability is limited to the amount of their investment in the LLC. Therefore, a member is not personally liable for the debts of the LLC. A sole proprietor would be liable for the debts incurred by the business.