In order to establish a Limited Liability Company (LLC) in the state of Washington, a Certificate of Formation is needed. The name, registered agent, company address, and names and addresses of the LLC’s owners, also known as members, are all provided in this document. This paperwork serves as proof that the LLC was formed and is submitted with the Washington Secretary of State’s office.
Washington State law does not require an LLC Operating Agreement, but one is strongly advised. The rights, duties, and liabilities of each member of the LLC are described in this written agreement between the members of the LLC. Additionally, it describes the LLC’s organizational structure, how earnings and losses will be allocated, and how the LLC will be disbanded if necessary.
Depending on the filing method and the volume of work being done by the Secretary of State’s office, the procedure for creating an LLC in Washington State normally takes 1 to 5 business days. Utilizing the Corporations and Charities Filing System of the Washington Secretary of State is the quickest way to create an LLC. The filing price is $200, although expedited service entails an extra processing charge.
You must first decide on a distinctive name for your LLC before you can create an LLC in Washington State. There cannot be a Washington State LLC or company using the same name already. A registered agent must be chosen for your LLC as well. This is a person or company that has been given permission to receive crucial mail and legal correspondence on your LLC’s behalf.
You must adhere to the steps stated in the LLC Operating Agreement if you need to withdraw from a Washington State LLC. You could require legal counsel if the Operating Agreement does not address this matter. In order to transfer your ownership stake in the LLC, you must generally give written notice to the other members of the LLC and follow any special instructions outlined in the Operating Agreement.
In conclusion, a Certificate of Formation must be submitted to the Secretary of State’s office in order to create an LLC in the state of Washington. Even though it is not needed by law, an LLC operating agreement is strongly advised. The fastest way to create an LLC is online, and the procedure usually takes 1 to 5 business days. You should follow the steps indicated in the Operating Agreement or obtain legal counsel if you need to dissolve an LLC.