As the nation’s capital, Washington DC has a separate administration that is in charge of running the city. One of the most significant figures in the DC government, the Secretary of State is in charge of a number of crucial duties. The Secretary of State’s primary duty is to make sure that all official documents are properly filed and kept.
It’s crucial to remember that Washington, DC, does not have a traditional Secretary of State. Instead, the duties are shared among a number of government representatives in DC. For instance, the DC Department of Consumer and Regulatory Affairs (DCRA) is in charge of licensing and company registration. The DCRA’s Office of Notary Commissions and Authentications is in charge of administering oaths and authenticating documents.
Moving on to related queries, one that business owners frequently have is, “Who is exempt from DC franchise tax?” Nonprofit organizations are not subject to franchise taxes in DC. Franchise tax is not applied to businesses that are registered as LLCs and are taxed as partnerships or S corporations.
Another frequent query is, “How do I rename an LLC in DC?” Articles of Amendment must be filed with the DCRA as part of the procedure. The new name of the LLC and the explanation for the name change must both be included in the articles of modification. The articles of amendment must be filed for a price of $220.
Next, LLCs versus sole proprietorships: which is better for a business? Even while each form has benefits and drawbacks, LLCs are typically thought to be a preferable choice for the majority of organizations. This is so that LLCs can offer liability protection for the owners and more management and taxation flexibility.
And finally, what does it cost to create an LLC in Maryland? An LLC must pay a $100 filing fee in Maryland. However, there are additional costs for name reservations, faster processing, and other services.
In conclusion, although though Washington, DC, does not have a formal Secretary of State, the duties are split among a number of government officials. Owners of businesses in Washington, DC, should be aware of the many individuals and departments in charge of carrying out various tasks. Business owners can make better choices if they are aware of the franchise tax exemptions, how to change an LLC’s name, and the distinctions between LLCs and sole proprietorships.
You must submit a “Trade Name Registration” form to the DC Department of Consumer and Regulatory Affairs (DCRA) in order to register your business name in Washington, DC. You can submit the form in person or online. Additionally, there is a charge for registration that you must pay. Your company name will be registered and secured in the District of Columbia once it has been approved.