Starting a business can be a thrilling and difficult endeavor. The registration of a business with the proper state agency is one of the first stages in beginning a business. In Washington State, creating a Limited Liability Company (LLC) is a well-liked choice for small businesses. An LLC is a type of business organization that combines the tax advantages of a partnership with the liability protection of a corporation. But how much does it cost in Washington State to create an LLC?
In Washington State, creating an LLC costs $200. You can pay this charge online or by mail to the Washington Secretary of State. A $71 annual report fee must also be paid in addition to this charge each year in order to maintain the LLC’s good standing.
It is significant to remember that additional costs could be involved with creating an LLC depending on the particular requirements of the company. For instance, the LLC must register with the Washington Department of Revenue in order to receive a state tax ID number if it intends to hire people. There can also be fees associated with purchasing a local business license.
An LLC may appoint a person or company as its registered agent to receive key legal and tax paperwork. An LLC must have a registered agent in Washington State who has a physical address there.
A person or business entity must first have a business license in Washington State before they may register as an agent. The registered agent can be named on the LLC formation documents once it has been approved or by submitting a separate Registered Agent Acceptance form to the Washington Secretary of State. During regular business hours, the registered agent must be accessible to accept relevant documents on behalf of the LLC.
To sum up, the cost to incorporate an LLC in Washington State is $200 plus a $71 yearly report charge. Depending on the particular demands of the firm, additional payments can be required. A person or business entity must be qualified to conduct business in Washington State and be accessible during regular business hours to receive significant legal and tax documents on behalf of the LLC in order to be a registered agent there.