You must be familiar with the concept of a UBI number if you intend to launch a business in Washington State. Each business entity that registers with the Washington Secretary of State is given a UBI number, also known as a unified business identifier, which is a special nine-digit number. For tax and licensing purposes, it is used to identify a business.
You must first submit a Certificate of Formation to the Washington Secretary of State in order to get a UBI number. This document, which officially establishes your corporate entity, contains details on your company’s name, registered agent, and purpose. The filing price for this document is $200, and you may submit it either online or by mail.
A Certificate of Existence, also known as a Certificate of Good Standing, is not necessary to receive a UBI number in Washington State. However, you might need to obtain a Certificate of Existence if you intend to conduct business in another state or if you need to demonstrate your company’s legal standing. The Washington Secretary of State will accept requests for this document by email or mail in exchange for a $20 fee.
Depending on the kind of business you have and where it is located, Washington State has different licensing fees. In some circumstances, getting a license at the state and local levels may be necessary. Depending on the kind of business and the area, these permits might cost anything from $5 to $15,000 or more. Do Independent Contractors in Washington State Need a Business License? In Washington State, independent contractors often do not require a business license if they are operating under their own name and do not hire anyone. However, you might need to apply for a business license if you are using a business name or if you have workers. It is important to inquire with your local government to find out whether a license is necessary in your particular circumstance.
In summary, a UBI number is a special identification number required for doing business in Washington State. You must first submit a Certificate of Formation to the Washington Secretary of State in order to get a UBI number. A Certificate of Existence may be required for other purposes even when it is not essential to receive a UBI number. Independent contractors may or may not require a business license based on their particular circumstances, and the cost of getting a business license in Washington State varies.
In order to comply with state laws, a business license in Washington State is only good for a year and needs to be renewed every year.