You may have heard of the DC BRA-25 form and biennial reports if you intend to launch a business in Washington, DC, or if you already do. Every company owner in DC must submit these crucial documents to the Department of Consumer and Regulatory Affairs (DCRA) in order to keep their operation active and in good standing with the authorities. We will provide you a thorough explanation of the DC BRA-25 form, how to file a biannual report in DC, how much it costs to incorporate in DC, and what a DC biennial report is in this post. What is a DC BRA-25 Form, exactly? Every business owner in Washington, DC, is required to submit the DC BRA-25 form, commonly known as the Basic Business License Application, in order to get a business license. This form includes details about the company, including its name, address, ownership composition, and line of business. To find out what kind of licenses and permits a company could need to run in DC, complete the DC BRA-25 form. Describe the DC Biennial Report. Every business owner in Washington, DC, is required to submit a DC biennial report to the DCRA every two years in order to keep their company active and in good standing with the government. This report includes details about the company, including its name, address, ownership composition, and operational activities. The DC biannual report is intended to confirm that the company is still in operation and following all applicable DC laws.
How Do I File a Biennial Report in Washington, DC? Business owners in DC have two options for filing a biennial report: online or on paper. Owners of businesses must visit the DCRA website and register before filing electronically. They can visit the web portal after registering and submit their biennial report. Business owners who want to file on paper must print off the biennial report form from the DCRA website, fill it out, and submit it in with the filing fee to the DCRA office.
How Much Does It Cost to Form an LLC in Washington, DC? Depending on the kind of business entity you select and the services you need, the cost of incorporating in DC varies. A Limited Liability Company (LLC) must pay a filing fee of $220, whereas a corporation must pay a filing cost of $220 plus an additional $100 if it has authorized stock. Business owners might also be required to pay for other services such as registered agent services, publishing costs, and legal expenses in addition to the filing fees.
In conclusion, it is crucial for every business owner in Washington, DC, to submit the DC BRA-25 form and biannual reports. These records ensure that businesses remain in good standing with the government and keep their active status in addition to assisting them in obtaining the appropriate licenses and permits. Business owners can operate their company worry-free by complying with DC legal standards by being aware of the prices and regulations linked with these documents.
The subject of the article “Understanding DC BRA-25 Form and Biennial Reports” is not specifically related to Access DC. But the District of Columbia government also runs a program called Access DC that offers guidance and support to companies looking to establish themselves, grow, or relocate there. The program provides a range of services, such as help choosing a location, advice on obtaining permits and licenses, and introductions to neighborhood resources.