How To Get An LLC In Washington
How to Get an LLC in Washington
A limited liability company (LLC) is a business structure that offers limited liability protection for its owners. This means that the owners’ personal assets are not at risk in the event that the LLC is sued or goes bankrupt. LLCs are also relatively easy to set up and maintain, making them a popular choice for small businesses.
This can be done yourself by visiting theĀ Washington Secretary of StateĀ website by following theĀ LINKĀ and following the steps listed below. You can also get an LLC in Washington by contacting our Business Formation Specialists atĀ BusinessšRocketĀ for assistance. The team at Business Rocket has the knowledge and experience to file the documents on your behalf so you get the most benefits from whatever business structure you select.
Steps to Form an LLC in Washington
- Choose a business name. Your business name must be unique and cannot be the same as any other business name that is already registered in Washington. You can search for available business names on the Washington Secretary of State’s website.
- Choose a registered agent. A registered agent is a person or business that is responsible for receiving legal documents on behalf of your LLC. You must have a registered agent in Washington, even if you live outside of the state.
- File the Certificate of Formation. The Certificate of Formation is the document that officially forms your LLC. You can file the Certificate of Formation online or by mail. The filing fee is $200.
- Get an Employer Identification Number (EIN). If your LLC has employees or will be paying taxes, you will need to get an EIN from the IRS. You can apply for an EIN online or by mail.
- Create an operating agreement. An operating agreement is a document that outlines the rules and regulations of your LLC. It is not required by law, but it is a good idea to have one in place.
- File an annual report. Every year, you will need to file an annual report with the Washington Secretary of State. The filing fee is $10.
Benefits of Forming an LLC in Washington
There are many benefits to forming an LLC in Washington. Some of the benefits include:
- Limited liability protection: As mentioned above, LLCs offer limited liability protection to their owners. This means that the owners’ personal assets are not at risk in the event that the LLC is sued or goes bankrupt.
- Flexibility: LLCs offer a great deal of flexibility in terms of how they are managed and operated. The owners can choose how they want to divide ownership, profits, and losses.
- Tax benefits: LLCs are pass-through entities, which means that the profits and losses of the LLC are passed through to the owners’ personal tax returns. This can save owners money on taxes.
Conclusion
If you are considering starting a business in Washington, an LLC is a great option. LLCs offer a number of benefits, including limited liability protection, flexibility, and tax savings. If you are not sure how to form an LLC, you can hire a professional to help you.
Call to Action
If you are ready to start the process of forming an LLC in Washington, you can follow the steps outlined above. You can also contact a professional for assistance.
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