Why Does The State Of Washington Want An Executor On A Application For A Ubi? (Correct answer)

What is a UBI for Washington LLC?

  • UBI stands for “ Unified Business Identifier “, it’s unique to your Washington LLC, and it will be used across multiple state registrations. Most filers don’t have a UBI, so they check off “No”. The state will issue your Washington LLC a UBI after it’s approved. As per WAC 434-112-075, the $200 Washington LLC filing fee is non-refundable.

What is an executor for an LLC in Washington State?

Executor: The person(s) forming a limited liability company and signing the Certificate of Formation. In Washington State, it is formed under RCW 25.15 and must file a Certificate of Formation with the Office of the Secretary of State.

What is an executor of an LLC?

The individual or entity that is tasked with forming a limited liability company (LLC) is known as the executor of the LLC. A limited liability company is a business entity that is formed by the virtues of the presiding state’s laws that grant it the features and legal capacities of a corporation and a partnership.

What is Certificate of Formation Washington?

When you form a Washington LLC, you file a Certificate of Formation with the Secretary of State. This filing legally creates your limited liability company. A Washington Certificate of Formation is a fairly simple form, but it does require specific information about your company and its owners.

How long does it take to set up an LLC in Washington?

Expedited Processing Time to process your corporation or LLC formation varies by state with routine processing taking 4 – 6 weeks or even more in the slowest states. Expedited Processing will reduce that time to about 10 business days or less with the exception of just a few states.

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Why do I need a registered agent for my LLC?

Besides receiving official mail on behalf of your business, the main purpose of a registered agent is to help your business maintain effective corporate compliance by informing you of legal notices or sending annual report filing reminders.

What is a purpose clause for LLC?

An LLC purpose statement describes the reason for forming the Limited Liability Company. This description typically only needs to be a sentence or two. It is important to note that a purpose statement is legally distinct from your company’s vision or mission statement.

What is a UBI number in Washington state?

The Unified Business Identifier (UBI) is a 9-digit number issued to individuals and companies doing business in the State of Washington. The applicant must have this number prior to applying for assisted living facility licensure and/or contract.

Who is called an executor?

An Executor is the person who disposes of or oversees the settlement of the assets of the deceased person in accordance with the wishes of the deceased testator, as enumerated in the Will.

How do I get a UBI number in Washington state?

3 Steps to Obtaining your Washington UBI Number:

  1. Submit your WA Articles of Incorporation or Certificate of Formation. For a Washington LLC or Washington corporation you can either file online or download a PDF and file by mail (see links below).
  2. Wait for confirmation.
  3. Find UBI Number.

What is a WA Certificate of status?

A Washington Certificate of Existence is a document that shows that your Washington business is active and is up-to-date with annual reporting requirements with the Washington Secretary of State.

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Is a certificate of existence required in Washington State?

Washington businesses are not legally required to obtain a certificate of existence. However, your business may choose to get one if you decide to do business outside of Washington or get a business bank account.

Is a certificate of existence the same as a certificate of formation?

A Certificate of Existence is not the same as a Certificate of Incorporation or a Certificate of Organization.

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.

Do I need an EIN for my LLC?

An LLC will need an EIN if it has any employees or if it will be required to file any of the excise tax forms listed below. Most new single-member LLCs classified as disregarded entities will need to obtain an EIN. An LLC applies for an EIN by filing Form SS-4, Application for Employer Identification Number.

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.

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