How do I create an LLC in Washington state?

How do I set up an LLC in Washington state?

How to Start an LLC in Washington

  1. Choose a Name for Your LLC. …
  2. Appoint a Registered Agent. …
  3. File a Certificate of Formation. …
  4. Prepare an Operating Agreement. …
  5. Comply With Other Tax and Regulatory Requirements. …
  6. Annual Report (Annual Renewal)

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

Submit LLC Certificate of Formation. Starting an LLC in Washington requires filing a form called the Certificate of Formation with the Washington Secretary of State. You can submit online, by mail, or in person. Online filings cost $200 and are processed in two business days.

How do I form a single member LLC in Washington state?

How to Form a Limited Liability Company (LLC) in Washington

  1. Choose an LLC Name.
  2. File a Certificate of Formation.
  3. Create an LLC Operating Agreement.
  4. Apply for a Federal Employer Identification Number (EIN)
  5. Choose the type of business entity for tax purposes.
  6. File any required state and local business licenses.
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How much is an LLC business license in Washington state?

To get your license, all you have to do is complete the Washington state Business License Application and pay a $19 fee. You can apply online or by mail. This application registers your business with several Washington state agencies, including the Departments of Revenue, Employment Security, and Labor and Industries.

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. … It should use the name and TIN of the single member owner for federal tax purposes.

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.

How do you start an LLC?

Steps to Form an LLC

  1. Choose a name for your LLC.
  2. File Articles of Organization.
  3. Choose a registered agent.
  4. Decide on member vs. manager management.
  5. Create an LLC operating agreement.
  6. Comply with other tax and regulatory requirements.
  7. File annual reports.
  8. Out of state LLC registration.

What is better LLC or sole proprietorship?

A sole proprietorship is useful for small scale, low-profit and low-risk businesses. A sole proprietorship doesn’t protect your personal assets. An LLC is the best choice for most small business owners because LLCs can protect your personal assets.

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What is the difference between LLC and Professional LLC?

Professional Limited Liability Company

A PLLC is a kind of LLC specifically for licensed professionals. The difference between an LLC and a PLLC is mainly that only licensed professionals such as architects, doctors, lawyers and accountants can form PLLCs.

How long does it take to create an LLC?

The formation process of an LLC depends on the state. The average time is 7 to 10 business days while other states take about 4 to 6 weeks. For some states, you will get approval immediately after the articles of organization, meaning the turnaround time can be as fast as 3 business days.

Can I be my own registered agent in Washington state?

Yes, any owner or employee of a business can be its registered agent in Washington as long as they are over the age of 18, and have a street address in Washington. You could also choose to elect a member of your LLC, or even a friend you trust, as long as the person meets these requirements too.

Can I be my own registered agent?

A registered agent is simply a person or entity appointed to accept service of process and official mail on your business’ behalf. You can appoint yourself, or in many states, you can appoint your business to be its own registered agent.

Where is the cheapest place to get an LLC?

Cheapest States to Form an LLC

  • Hawaii — Filing fee: $50. …
  • Michigan — Filing fee: $50. …
  • Iowa — Filing fee: $50. …
  • Montana — Filing fee: $70. …
  • Utah — Filing fee: $70. Renewal fee: $20. …
  • California — Filing fee: $70. Renewal fee: $800. …
  • Delaware — Filing fee: $90. Renewal fee: $300. …
  • Indiana — Filing fee: $100. Renewal fee: $50.
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How much does an EIN cost in Washington state?

Forming an LLC in Washington state costs $200, but that’s just the filing fee for the Certificate of Formation.

Washington State LLC Costs:

Requirements Cost
EIN $0
Annual Report $60 (per year)
State Business License Application $90 (one-time)

What should I name my LLC?

Typically, your business’s name must end with the words “Limited Liability Company,” company” or “Limited.” Or you can use abbreviations like “LLC,” “L.L.C.,” or “Ltd.” Usually, you can even opt to abbreviate the words “Limited” and “Company” as “Ltd.” and “Co.” (Most people just stick with “LLC”.)