A Limited Liability Company (LLC) is a common business structure in Washington State that gives owners the adaptability of a partnership and the security of a corporation. RCW 25.15, the Washington State Limited Liability Company Act, and the operating agreement, a legal document outlining how the LLC will be administered, are the laws that govern LLCs. The Governor plays an important part in LLC management.
The term “Governor” is used to refer to the person or organization in charge of running the LLC. This person or thing is in charge of making decisions on behalf of the business; they are chosen by the members, who are the LLC’s owners. A single member, a group of members, or a third-party manager like a law or accounting company can serve as the governor.
The Governor’s duties include overseeing the LLC’s day-to-day operations, making financial decisions, and ensuring that the company complies with all applicable state and federal regulations. Additionally, the Governor is in charge of keeping the business’s records and making sure the LLC’s annual report is submitted to the Washington Secretary of State. Does PLLC have to be included in the logo?
Licensed professionals, such as doctors, lawyers, and accountants, frequently use professional limited liability companies (PLLCs), a special kind of LLC. PLLCs must have “Professional Limited Liability Company” or “PLLC” in their name in Washington State. The PLLC is not required to incorporate this into their logo, though.
The acronym PLLC, or professional limited liability company, was previously mentioned. This kind of LLC is intended for qualified professionals looking to start a business together. The PLLC structure gives the same security and adaptability as an ordinary LLC, but with more rules pertaining to professional conduct and licensure.
You must submit articles of formation to the Washington Secretary of State in order to establish a PLLC there. The purpose of the company, the members’ names and addresses, the company’s name and address, and a statement that the company is a professional limited liability company must all be included in the articles of organization. Additionally, you will need to get any licenses or permits required for your line of work.
Businesses in the state of Washington are given a Unified Business Identifier (UBI) number, which is a special identification number. The state uses the UBI number to keep track of firms for tax, licensing, and other regulatory purposes. By registering your firm with the Washington Secretary of State, you can get a UBI number.
Yes, in accordance with Washington State law, an LLC’s registered agent may be either a specific LLC member or a different registered agent. You can therefore serve as your own registered agent in Washington State if you are a member of your LLC. However, in order to serve as an LLC’s registered agent, you must have a physical location in the state where you may receive legal notices and other crucial papers.