How To Start A Washington Sole Proprietorship
Starting your first business is a significant step, and choosing the right business structure is one of the first decisions you’ll face. The business structure defines the legal and tax treatment of your company, outlining your liability protections, how profits and losses flow through to your personal tax return, and the ongoing regulations and paperwork […]
How to Form a Corporation in Washington
The Corporation is a business structure that provides personal liability protection by separating the owner’s personal assets from the assets of the business. Thus, a corporation is liable for the actions and finances of the business, while the owners (known as shareholders) are not. Corporation Pros Corporations provide liability protection for the shareholders A corporation […]
How To Get A Free Washington EIN
Not every small business will need one, but a common registration for many businesses in Washington is the Employer Identification Number, otherwise known as an EIN. This number is used as a business’s identification for tax purposes and is required for various business activities, such as opening a bank account, hiring employees, and filing tax […]
How To File A Washington Annual Report
One requirement of maintaining a Limited Liability Company (LLC) or corporation in Washington is filing an Annual Report. The Report confirms and updates the company’s information each year with the Washington Secretary of State. The Annual Report is different from the Initial Report, which is due within 120 days of your entity’s formation. Related: Guide […]
Washington Business License Basics
Starting a small business in Washington often means registering with several federal, state, and local agencies. Let’s review common Washington business license registrations so your business starts off right. Related: Guide to starting a business in Washington Setting Up the Business Before you can apply for business licenses, you should first establish the business structure. This […]
Guide To Hiring Employees InWashington
Hiring your first employee as a new business owner is both an exciting and frightening experience. Not only do you have a person relying on you to pay them so they can provide for their family while balancing the cash flow needs of your business, but there is also a lot of paperwork and laws […]
How To Get A Washington Reseller Permit
If you plan to sell retail products in Washington, you’ll need to apply for a Washington Reseller Permit from the Washington Department of Revenue. This permit allows you to purchase goods from wholesalers without paying sales tax on those items. Learn more about what a Washington Reseller Permit is, how to get one, and more. […]
How To Get A Washington Sales Tax Registration Number
Most businesses starting in Washington selling a product or offering certain services will need to obtain a sales tax registration number. This is commonly referred to as a seller’s permit, sales tax permit, or sales tax license. Sales tax registration is obtained through the Washington State Department of Revenue as part of the Washington Business […]
Should I Use A Washington Registered Agent Service?
A Washington registered agent (also referred to as a resident agent or statutory agent in some states) is a person or company designated to be the official point of contact for a company. The purpose of a registered agent is to receive service of process (legal mail such as a summons, subpoena, or lawsuit) and […]
Washington DBA / Trade Name Registration In 3 Easy Steps
If you’re planning to start a business in Washington under a name other than your own, you will need to register for a business name. Business name registration is commonly referred to as a Washington DBA, “Doing Business As, or Assumed Name, but is officially referred to as a Trade Name. To see if you […]