Your question: How do I create an LLC in Washington state?

How do I set up an LLC in Washington state?

Starting an LLC in Washington is Easy

  1. STEP 1: Name Your Washington LLC. …
  2. STEP 2: Choose a Registered Agent in Washington. …
  3. STEP 3: File the Washington LLC Certificate of Formation. …
  4. STEP 4: Create a Washington LLC Operating Agreement. …
  5. STEP 5: Get a Washington LLC EIN.

How much does it cost to form an LLC in Washington state?

How much does it cost to form an LLC in Washington? The Washington Secretary of State charges a $180 fee to file the Certificate of Formation mail and $200 if filed online. You can file an LLC name reservation for $30.

Can I set up an LLC on my own?

You may be able to set up an LLC by yourself, especially if you’re a single-member LLC. Do your research and head to your state’s business formation website to determine the exact paperwork you need.

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How long does it take for LLC to be approved Washington State?

If you form your Washington LLC by mail, it will take 7-10 business days to be approved. However, during peak filing times, it can take as long as twenty three (23) business days. Online: If you form your Washington LLC online, it will take 2-3 business days to be approved.

Which is better LLC or sole proprietorship?

Most LLC owners stick with pass-through taxation, which is how sole proprietors are taxed. However, you can elect corporate tax status for your LLC if doing so will save you more money. … However, due to the combination of liability protection and tax flexibility, an LLC is often a great fit for a small business owner.

Do I need a lawyer to set up an LLC?

There is no legal requirement to hire an attorney to form an LLC. Most states allow LLC formation by registering the business entity on your secretary of state’s website and with the Internal Revenue Service (IRS). … Once you register as an LLC, you can buy or rent a building and open company bank accounts.

What is the disadvantage of an LLC?

The two main disadvantages of an LLC are that its members may have to pay self-employment taxes and that an LLC can be unattractive to some investors due to its often complicated operating agreement.

Can I be my own registered agent in Washington state?

As mentioned above, you can be your own Registered Agent in Washington state. … you, your friend, or family member are not there during business hours (the state of Washington requires that your Registered Agent maintain normal business hours)

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Is an LLC a business license?

A business license is not the same as forming an LLC (limited liability company) or other legal business entity. An LLC is a legally recognized business entity while a business license gives you permission to engage in a specific type of business in a certain jurisdiction.

At what point do I need an LLC?

Any person starting a business, or currently running a business as a sole proprietor, should consider forming an LLC. This is especially true if you’re concerned with limiting your personal legal liability as much as possible. LLCs can be used to own and run almost any type of business.

How much does an LLC cost?

The main cost of forming a limited liability company (LLC) is the state filing fee. This fee ranges between $40 and $500, depending on your state.

How long does it take to create an LLC?

The formation process of an LLC depends on the state. The average time is 7 to 10 business days while other states take about 4 to 6 weeks. For some states, you will get approval immediately after the articles of organization, meaning the turnaround time can be as fast as 3 business days.

Can I be my own registered agent?

A registered agent is simply a person or entity appointed to accept service of process and official mail on your business’ behalf. You can appoint yourself, or in many states, you can appoint your business to be its own registered agent.

How can I get a free LLC?

How to Create and File an LLC for Free

  1. Six Steps to Forming an LLC for Free. …
  2. Gather Information. …
  3. Get a Business Name and Address. …
  4. Get the Formation Document From the Secretary of State Website. …
  5. Get a Registered Agent. …
  6. Look at Other LLC Formation Options. …
  7. LLC Paperwork: Fill Out and File the Formation Document.
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Is LLC or S Corp better?

If there will be multiple people involved in running the company, an S corp would be better than an LLC since there would be oversight via the board of directors. Also, members can be employees, and an S corp allows the members to receive cash dividends from company profits, which can be a great employee perk.