What is Needed for an LLC in Washington State?

One of the most common business types in Washington State for those considering about beginning a business is the limited liability company (LLC). An LLC is a kind of corporate entity that offers its owners limited liability protection, which shields their private assets from company liabilities. What you need to know about creating an LLC in Washington state is provided here.

First, you must file Articles of Organization with the Washington Secretary of State’s office in order to create an LLC in the state of Washington. The name, address, and registered agent of your company are all listed in the Articles of Organization, a legal document. You can submit online or by mail, and the filing fee is $180.

Second, even though operating agreements for LLCs are not required in Washington state, doing so is strongly advised. A legal document known as an operating agreement describes the ownership structure, management, and operational procedures of the company. It can serve as a guide for handling particular circumstances and assist avoid arguments amongst the owners. Third, the Washington Secretary of State’s office requires an Annual Report from every LLC in the state. The Annual Report contains details about the LLC, including its name, location, registered agent, and the owners’ names and addresses. It must be submitted annually by the LLC’s anniversary date and costs $71.

Fourth, even if you don’t yet have a firm, you can create an LLC in the state of Washington. Entrepreneurs frequently create an LLC before they have a concrete business concept or strategy. This is due to the liability protection that creating an LLC offers for any upcoming commercial endeavors. Last but not least, a professional LLC (PLLC) is a unique kind of LLC that is necessary for some licensed professionals in the state of Washington. To offer their services, professionals like doctors, attorneys, and accountants must create a PLLC. A PLLC offers limited liability protection for the professional’s personal assets but does not shield them from malpractice claims, which is the primary distinction between a PLLC and a Washington LLC.

In conclusion, creating an LLC in the state of Washington is a rather simple procedure. To prevent misunderstandings, it’s crucial to keep in mind to submit an annual report and think about drafting an operating agreement. Additionally, for enhanced security, licensed professionals ought to think about creating a PLLC.