How to start a LLC in WA, Washington is not very difficult. You will find that it costs about the same to do either. In both ways, finding and doing a simple search online should yield some good results. If you want to know how to start an llc in wa, here's what you need to know.
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To form an LLC in Washington, there are two options: do it yourself, or employ a commercial entity formation service such as us. If you just hire to form an LLC, you'll be done within minutes, when you complete the simple signup form at the law's office. However, if you choose to go with a service to help you start an LLC in WA, the process might take longer. Here's why.
Most small business owners do not know how to go about incorporating an LLC. Because many of them are new to the idea, they end up hiring professionals to do the job for them. But these professionals could easily get expensive. The reason for that is that most small businesses do not have substantial income tax returns. Also, the state of Washington requires most individuals and corporations filing joint tax returns.
How to Start an LLC in Wa - Quick Guide
This makes the entire process more complicated. If you're serious about how to start an LLC in WA, the first step is to determine if you'll file electronically or by paper. We highly recommend a paper filing. When you use an online filing service, your application goes into the computer system of the state where you filed your initial registration, and then it's sent to the LLC registered agent service in Washington. That's right, your application goes into the computer database along with all the other applications.
Once your application has been received by the registered agent service in WA, it's downloaded into their server. From there, all you have to do is provide any information requested, including your name, address, and phone number. Within hours, your information will be sent to the other registered parties if necessary. There's no need for a printed, mailed document.
Online filing also eliminates the possibility of double taxation. A portion of your state income tax may be owed to the state and sent to your business name search firm, while you continue to pay your own taxes. This double taxation can cost you thousands of dollars in legal fees, plus your business expenses. That's why you'll want to choose a service that lets you know upfront whether or not there are additional charges for filing.
How to Start an LLC in WA requires one more step. That's the formation of your limited liability company. You'll want to consult a Washtenham business lawyer to help you prepare the forms for you. Most people choose to use the automatic filing system provided through a service, but the optional online filing may be preferable for some. Your state regulations regarding LLCs should be followed to the letter. You may even have to meet other licensing requirements before your business is listed with the secretary of state.
Your limited liability company is now ready to set up its own tax identification number. Your company will be able to file a federal tax return and will appear on the IRS list of authorized sellers of Washington state business licenses. The paperwork for this isn't too difficult, but you'll want to consult a Washtenham attorney in case you run into any trouble. The process is simple enough once you've gone through the basics, but you could have some difficulty getting everything lined up correctly if you don't have experience in the Washington business law industry. It's always a good idea to use the services of a qualified attorney if you're unsure about anything. That way you know you've done your homework and can rest assured you'll be taken care of if anything goes wrong.
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