Forming an LLC Reference Guide

Forming an LLC in Washington

Forming an LLC in Washington Forming an LLC in Washington is not that difficult, but if you are a busy entrepreneur you may want to consider saving some time and effort by hiring an incorporation agency to form the LLC for you. Regardless of you choice, it is always a good idea to run the Operating Agreement by an attorney before you adopt it, because legally flawed Operating Agreements have led to trouble with the IRS in the past and that is something you really want to avoid by all means necessary. Forming an LLC in Washington in 5 easy steps Start by selecting a name for your company. Choose one that is not already taken by another LLC and make sure that the name will not violate any trademarks. In order to adhere to Washington state law regarding LLC’s, you must include an LLC designator, such as “Limited Liability Company” or an abbreviation thereof, in the name of your company. When forming an LLC in Washington, there are several words that are restricted: “bank”, “banker”, “banking”, “trust” and “cooperative”. Using any combination of the words “industrial” and ”loan” is also restricted, and so is using any two or more of the words “home”,“ loan”,“ savings”,“ society”, and “association”. Step two is to file the Articles of Organization with the Washington State filing office. Step three is to have an organizational meeting where the LLC members adopt an Operating Agreement. Step four is to acquire a Federal Employer Identification Number (FEIN) and get a company bank account for the LLC. The final step is to decide in which cities and counties you plan on doing business and obtain a local business license from each and every one of them. Important facts to take into consideration before forming an LLC in Washington Assuring expedited filing will only cost an additional $20.00 in Washington and most business owners therefore pay $195.00 in filing fee. (37 business days.) The Annual Report must be handed in annually on the month of initial filing. The Annual Report fee is in Washington is $59.00.