Planning to start a business in Washington? Forming an LLC helps protect assets and provides flexibility. You just need to choose the right name, appoint a registered agent, file the paperwork, and stay compliant. It’s simpler than you think, but don’t miss key steps like compliance and naming. Here’s where to start
How to Pick Your LLC Name
Begin by verifying the state’s website to make sure your desired name is not already taken. Your LLC’s name must include “Limited Liability Company,” “LLC,” or “L.L.C.”.
Avoid misleading words or suggest official affiliation. Refrain from using restricted terms like “bank” or “trust,” unless you have special permission.
Secure your name if you’re not ready to file immediately; it's possible to maintain it for a maximum of 180 days with a nominal fee.
Designating Your Registered Agent
You must choose a registered agent who acts as your LLC’s official point of contact.
Your agent must have a physical address in Washington—P.O. Box addresses are not accepted.
You can be your own registered agent, use a registered agent company, or appoint someone you trust.
Make sure your someone reliable and available during business hours to accept important notices.
Submitting Your Articles of Organization
Once you’ve chosen your registered representative, your next move is to file the Articles of Organization with the state government.
You can complete it online or postal mail.
It requires information such as: your LLC’s name, principal address, agent’s information, and the members or organizers of the LLC.
Double-check the information to avoid mistakes. Online filing done quicker.Remit the cost—$200 online or $180 by mail.
Once accepted, you'll receive a stamped document confirming your LLC’s official formation.
How to Prepare Your LLC Management Agreement
Although Washington doesn't require LLCs to draft an operating agreement, it’s highly recommended more info to outline members’ shares, roles, and loss sharing methods.
Additionally aids in avoiding disputes and gives transparency on decision-making processes.
If you run alone, creating an agreement adds credibility and helps your limited liability. You can use a template or write your own to fit your business needs.
Ensure owners endorse the agreement to confirm everyone’s responsibilities.
Post-Formation Responsibilities
After forming your LLC, you must manage recurring obligations to stay in good standing.
File an Annual Report with the Washington Secretary of State and pay the nominal cost.
Obtain an EIN from the IRS for tax purposes.
Set up a business checking account to keep your personal and business finances separate.
Apply for state licenses if required for your industry.
Stay on due dates to submit renewals and update your information to prevent penalties and dissolution.
Conclusion
Forming your LLC in Washington can be straightforward if you follow these steps. Pick a distinctive name, appoint a trustworthy registered agent, submit your articles documents, and draft an operating agreement. Keep up with your yearly filings and compliance to maintain your LLC in good standing. Start your successful venture in Washington today!
Comments on “How to Create an LLC in Washington”