One of the first stages in beginning a business is to register it with the government. This entails submitting an initial report and applying for a certificate of formation in the state of Washington. In addition, you must submit an annual report if you have created a Limited Liability Company (LLC). The purpose of each of these documents and how to file them are described in this article.
When establishing a new business entity in the state of Washington, an initial report is a document submitted to the Secretary of State’s office. The report gives details about the business, such as its name, address, and the individuals that make up its management or board of directors. Additionally, it names a registered agent who will accept legal paperwork for the business.
You have two options for submitting your initial report: online or on paper. An initial report must be filed for a charge of $200. The report must be submitted within 120 days after the company’s formation.
You must submit an annual report if your LLC was established in Washington State. Every year, by the end of the month in which the LLC was created, a report is required. The annual report is due every year by the end of June, for instance, if your LLC was established in June.
Basic details about the business, like its name, address, and registered agent, are provided in the annual report. It also contains details about the LLC’s managers and members, as well as its operations. A yearly report must be filed for a price of $60.
You have two options for submitting an annual report: online or on paper. The same details from the initial report are required, along with any modifications that have taken place since the last report was submitted. Your LLC may be dissolved if the annual report is not submitted on time.
The existence of a business entity in Washington State is established by a certificate of formation, which is a legal document. After you submit the initial report, the Secretary of State’s office issues the certificate. The name of the firm, the founding date, and the names of the management or members are all listed on the certificate.
In conclusion, the stages necessary to establish a business in Washington State include filing the initial report, the yearly report, and getting a certificate of incorporation. Even though the procedure might appear complicated, the Secretary of State’s office offers step-by-step directions and forms to help you get through it. You may make sure that your company is in accordance with state laws and is permitted to function legally by completing these forms accurately and on time.
The phrase “first annual report” is not frequently used. However, the state of Washington requires both corporations and limited liability companies to file separate initial and annual reports. The initial report, which gives fundamental information about the business such the registered agent and office address, is required within 120 days of incorporating an LLC or corporation in Washington. Every year, the first report must be updated with new information, including any changes in management or ownership.