Forming an LLC, also known as a Limited Liability Company, is an attractive way to protect a business and its owners. Regardless of what state the LLC is located in, the tax code is much simpler and owners can save huge on yearly tax bills.
Use the following tips if you plan on starting a new LLC in the state of Washington:
Choose a Name
The first step to starting an LLC in Washington is to choose a name for your new company. While you likely already a few names in mind, you’ll need to check the state corporation database to determine whether or not your name is already taken. Have a few backup names just in case your perfect idea has already been registered by someone else.
Choose a Registered Agent
Choosing a registered agent is not also a requirement when forming an LLC, but it’s an essential legal step for your company to avoid potential issues in the future.
A registered agent is an individual or entity who is listed on record with the state. If anyone wants to serve your company with legal documents, they’ll turn to the registered agent to do so.
The registered agent must have a valid Washington address. In some cases, business owners choose to have a third party service act as their registered agent for a nominal fee.
Choose an Official Corporate Mailing Address
In order to become a legal LLC in the state of Washington, you’ll need to choose an official address for your business. While some owners choose to have their home address listed on record for the business, others choose to have a virtual address or an office address instead. This information will be readily available to the public so you’ll need to choose wisely.
File Online or By Mail
After you’ve chosen a name for your company and a registered agent, you’ll need to go online to submit your application or download a paper application and mail it in to the state.
The easiest way to do it is to file the documentation online. It takes only 2 business days for the state to process, while mailed applications don’t have a standard processing timeline.
Pay the Appropriate Fees
When you submit your application, you’ll need to pay the appropriate fees for the state to legally form your company LLC. If you plan to file the application online, Washington requires a $200 fee, while sending in a paper application requires a fee of $180.
Forming an LLC in Washington is only the beginning. Business owners need to know the ins and outs of the laws that govern corporations, especially if they need to change their official status.