How Much Does It Cost to File an Annual Report in Washington State?

Business entities in Washington State must submit an annual report to the Secretary of State’s office. Depending on the type of corporate entity and the method of filing, different annual reports in Washington State have different filing fees. The price of submitting an annual report in Washington State, as well as other pertinent issues, will be covered in this article.

A limited liability company (LLC) in Washington State must pay $71 to file an annual report. The annual renewal of a sole proprietorship’s business license, which costs $20, is required but no annual report is. In Washington State, filing an annual report for a corporation costs $60. A $25 late fee will be assessed if your yearly report is not submitted by the deadline.

The decision between a sole proprietorship and an LLC ultimately comes down to the particular circumstances of the individual. LLCs provide limited liability protection, which means that the owners are not held personally responsible for the debts or obligations of the business. The owner of a sole proprietorship is individually responsible for any debts and obligations, hence this protection is not provided. However, establishing a single proprietorship is typically less difficult and expensive than doing so for an LLC.

A reputable online legal service provider, LegalZoom provides a number of services, such as the filing of annual reports and the registration of businesses. It’s crucial to remember that their services do not replace legal counsel from a qualified attorney. Always get legal advice from a lawyer if your legal demands are complex.

In Washington State, a registered agent is an individual or firm designated to accept legal documents on behalf of a business entity. A registered agent must have a physical address in the state and be accessible to receive legal documents during regular business hours. An individual or a business can serve as the registered agent, but they both need to be physically present in the state.

Online legal service company ZenBusiness provides business creation, registered agent services, and other services pertaining to businesses. They have a group of knowledgeable experts who can guide you through the challenges of beginning and operating a business. Customers have given ZenBusiness great feedback, and they like how reasonably priced and user-friendly their services are.

Finally, depending on the type of corporate entity and the method of filing, different annual reports in Washington State have different filing fees. While sole proprietorships must renew their company registration annually, LLCs and corporations are obliged to file an annual report. The decision between a sole proprietorship and an LLC ultimately comes down to the particular circumstances of the individual. Both LegalZoom and ZenBusiness are reputable companies that offer legal services online and can assist with business creation and related tasks. It’s crucial to select a registered agent who is physically present in the state and accessible during regular business hours to receive legal paperwork.