Before conducting business in Washington State, companies must get a business license. This license guarantees that the company is registered and permitted to conduct business in the state. But whether or not this license expires is a query that many business owners have.
Yes, business licenses issued by the state of Washington do expire. The license normally expires on the anniversary of when it was first issued. For instance, the license would expire on December 31st, 2021, if it had been given on January 1st, 2021. To avoid any fines or penalties, you must renew your company license before it expires.
In Washington State, how do you renew your LLC? The Washington State Business Licensing Service (BLS) website allows business owners to renew their licenses online. 45 days before the license expiration date, the BLS notifies the business owner that their license has to be renewed. This notice can be used by business owners to renew their license online. As an alternative, business owners can renew their license in person by going to the BLS office.
The license expires if the owner of the business neglects to renew it before that time. A license that is inactive indicates that a company is no longer permitted to conduct business in Washington State. The license holder must pay any late renewal fees as well as a reinstatement charge to get their license back.
Employer Identification Number (EIN) and Unified Business Identifier (UBI) are two acronyms for the same number. There is a difference between these two terms. For tax reasons, a business entity is identified by its EIN, which is a federal identification number. UBI, on the other hand, is a state identification number used in Washington State to identify a company entity. Do you require a business license in order to sell on Etsy?
Yes, business owners in Washington State must have a business license in order to sell on Etsy. The license guarantees that the company is registered and permitted to conduct business in the state. By registering their company with the Washington State Department of Revenue, business owners can acquire a license.
In conclusion, business licenses issued by the state of Washington must be renewed before they expire. Online or in-person license renewal is available to business owners. Business owners must pay a reinstatement fee to restore a license if it becomes dormant. A business owner needs a license to sell on Etsy in Washington State, and an EIN is not the same as a UBI.