A document known as a condo resale certificate contains details about a condominium unit that is being sold. In Washington State, this certificate is mandated by law, and it’s used to make sure that buyers understand all the facts regarding a property before they buy it. How long is a condo resale certificate valid in Washington State is a valid question.
A condo selling certificate is legitimate for 90 days after the date of issuance, as per Washington State law. The certificate must include particular details about the unit, such as the name of the current owner, the name of the association, the terms of the unit’s governing papers, the unit’s financial data, and any legal actions that have been filed or are pending against the association.
The certificate expires after 90 days, at which point a new one must be obtained. This is done to guarantee that purchasers have access to the most recent data regarding the property they are buying. A copy of the resale certificate should be requested as soon as possible in the house buying process. This will give plenty of time for reviewing the details and posing any queries that may come up.
The second query is: Does Shopify file tax returns with the IRS? Yes, just like every other American company, Shopify must file reports with the IRS. Shopify is required to give the IRS information about the company, including sales and revenue figures. To make sure that firms are paying the appropriate amount of taxes, this information is used.
Do you require an EIN to sell on Shopify right now? You do not require an EIN to sell on Shopify, is the answer. However, you will require an EIN if you intend to hire staff members or create a company or partnership. You also need an EIN if you want to register for certain business licenses or create a company bank account.
And last, is a tax ID necessary for Shopify? Yes, in order to create an account and start selling on Shopify, a tax ID is necessary. To make sure that firms are paying the appropriate amount of taxes, this tax ID is used. Your Social Security number can be used as your tax ID if you operate as a lone proprietor. You will require a different tax ID if you have created a corporation or partnership.
In conclusion, a condo resale certificate in Washington State is only good for 90 days, therefore it’s crucial to have a current one before making a purchase. An EIN is not required unless you want to recruit staff or establish a corporation or partnership. Shopify is obligated to report to the IRS and requires a tax ID to set up an account and start selling.