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Washington State LLC - How to Start an LLC in Washington - Short Version - YouTube
Channel: TRUiC
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How to form an LLC in Washington.
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Washington is an excellent place to form a
new LLC: with low income taxes and great access
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to funding, it ranks 6th in the country for
economic climate.
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Every state has slightly different requirements
for forming an LLC.
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Follow along closely to learn the required
steps for creating your own Limited Liability
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Company in the state of Washington.
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There are two ways to form an LLC in Washington:
You can form one yourself, or you can hire
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a service to do it for you.
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Let’s start by looking at the five basic
requirements to form an LLC in Washington
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on your own:
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One: Name your LLC.
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You’ll need to choose a company name that
complies with Washington naming requirements,
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and do a name search on the Washington Corporations
and Charities Filing System Website to make
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sure the name isn’t already taken.
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You should go ahead and register the URL for
your business website and email as well.
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Two: Choose a registered agent.
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Washington requires that you nominate a registered
agent for your LLC, who is your business’
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point of contact with the state.
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The registered agent can be an individual
within the company including yourself, or
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you can hire a professional service authorized
to do business in Washington.
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Three: File the Certificate of Formation.
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To register your Washington LLC, you will
need to file the Certificate of Formation
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with the state of Washington.
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This can be done online, by mail, or in person.
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You should decide whether your LLC will be
member-managed or manager-managed.
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Member-managed means all members of the LLC
manage the company.
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This is good for small organizations, where
everyone is involved in day-to-day operations.
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The second option is manager-managed, where
individuals are appointed to manage the LLC.
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This is appropriate for larger organizations,
where not everyone is involved in the day-to-day
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affairs of the business.
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Four: Create an Operating Agreement.
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You should also create an operating agreement
to establish ownership terms, member roles,
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and operating procedures.
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This legal document ensures that all business
owners are on the same page and reduces the
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risk of future conflict.
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A comprehensive operating agreement will further
establish your LLC as a separate legal entity,
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however, it does not need to be filed with
the state.
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Five: Obtain an EIN.
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Lastly, you’ll need to get an Employer Identification
Number, or EIN, from the IRS.
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Also known as a Federal Tax Identification
Number, your EIN is like a social security
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number for your LLC and is important for taxes
and banking.
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EIN’s are free of charge, and can be obtained
from the IRS online or through the mail.
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And with that, you will have formed a Washington
LLC on your own.
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Option 2.
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Hire a Professional Service
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The second way to create a Washington LLC
is to hire a professional service to create
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your LLC for you.
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Hiring a professional service to file your
forms and act as your registered office-
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more commonly known as a registered agent- will cost you an additional 50 to 150 dollars.
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However, there are several benefits to working
with a pro:
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A hired registered agent helps with getting
your reports filed on time, helps you stay
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organized by keeping your business mail separate,
and is available at all regular business hours
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to accept official mail and legal papers on
your LLC’s behalf.
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A final and important additional benefit of
using a service is privacy: a professional
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service will provide a level of privacy by
withholding your personal name and home address
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from the LLC’s contact information.
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There are many reasons you might not want
your personal information easily accessible
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and associated with your business- hiring
a professional LLC formation service is an
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easy way to accomplish this.
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Now that you have seen the different requirements
and ways you can form an LLC in Washington,
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visit our site and take some time to research
your options and establish a solid foundation
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for your business activities.
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Click on the links in the description below
to research the top 5 professional formation
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services, or get more information on how to
form a Washington LLC on your own.
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We offer a host of free templates and tools
to help accelerate your small business, from
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operating agreements to business plans- all
free of charge.
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Visit us at HowtostartanLLC.com
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