The Internal Revenue Service (IRS) issues an Employer Identification Number (EIN), a special nine-digit number, to distinguish a company entity. An EIN can be obtained for free in the state of Washington. Applying for an EIN can be done by phone, fax, mail, or online at the IRS website.
It’s crucial to give precise information about the business entity when requesting an EIN. This information covers the company’s legal name, its legal form, its physical address, and its mailing address. This data is used by the IRS to identify the company and provide the EIN.
All LLCs in the state of Washington must have a registered agent. A person or organization chosen as the LLC’s registered agent will receive legal notices and official documents on its behalf. The registered agent must be accessible during business hours and have a physical address in the state of Washington.
Owners of businesses have the option of acting as their own registered agent or using a reputable registered agent service. Providing their own physical location and being accessible during business hours to receive documents are requirements if the business owner choose to act as the registered agent.
How can I obtain a free LLC? Obtaining a free LLC is not available in the state of Washington. However, by creating and submitting the LLC formation forms themselves, business owners can save money. On the website of the Washington Secretary of State, there are free tools and details on how to set up an LLC.
Business owners in the state of Washington must submit Articles of Organization and pay a filing fee to the Secretary of State in order to create an LLC. Currently, the filing price is $200 for paper filings and $180 for internet filings.
Doing Business As (DBA) is a made-up name that a company uses in place of its legal name. A DBA does not shield the business owner from liabilities because it is not a legal entity. An LLC (Limited Liability Company), on the other hand, is a type of legal company that offers liability protection for business owners.
Business owners can utilize a DBA to operate under a name other than their official one. For instance, John Smith, a business owner, could carry on business under the DBA “Smith Consulting”. However, the DBA would not provide any liability protection for the business owner.
Business owners in the state of Washington must adhere to specific rules when naming an LLC. The name of the LLC must be distinctive and easy to tell apart from other LLCs listed with the Secretary of State. Additionally, the phrase “Limited Liability Company” or “LLC” must be in the name. In addition to the LLC name, business owners may utilize a trade name or DBA. Additionally, the trade name needs to be distinctive and easy to tell apart from other enterprises listed with the Secretary of State.
Unless otherwise stated, a business license in the state of Washington is typically good for one year from the date it is issued. It must then be renewed every year after that.