How do I set up an LLC in WA?
Starting an LLC in Washington State 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 do I form a single member LLC in Washington state?
How to Form a Limited Liability Company (LLC) in Washington
- Choose an LLC Name.
- File a Certificate of Formation.
- Create an LLC Operating Agreement.
- Apply for a Federal Employer Identification Number (EIN)
- Choose the type of business entity for tax purposes.
- File any required state and local business licenses.
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.
What is needed to start an LLC?
You’ll need your LLC’s name, the name and address of its registered agent, and other basic information, like how it will be managed or the names of the LLC owners. You’ll have to pay a filing fee when you submit the articles. In most states, the fees are modest – typically around $100.
How much does an LLC cost in WA?
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.
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.
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.
Does a single member LLC need an operating agreement in Washington state?
Every Washington LLC owner should have an operating agreement in place to protect the operations of their business. While not legally required by the state, having an operating agreement will set clear rules and expectations for your LLC while establishing your credibility as a legal entity.
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.
What is the difference between professional LLC and 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.
Do I need a lawyer to start an LLC?
There is no legal requirement to hire an attorney to form an LLC. Most states allow LLC formation by registering the business entity on your secretary of state’s website and with the Internal Revenue Service (IRS).
Does having an LLC help with taxes?
An LLC can help you avoid double taxation unless you structure the entity as a corporation for tax purposes. Business expenses. LLC members may take tax deductions for legitimate business expenses, including the cost of forming the LLC, on their personal returns.
Why should I open an LLC?
Reasons you might want an LLC include: Limiting your personal liability for business debts. With an LLC, only the assets owned in the name of the LLC are subject to the claims of business creditors, including lawsuits against the business. … For most people, this is the most important reason to form an LLC.