What is the difference between LLC and Professional LLC in Washington?

A Professional Limited Liability Company (PLLC) in Washington is treated the same way as a Limited Liability Company (LLC). The fundamental distinction between a PLLC and an LLC in Washington is that a PLLC must be formed by professionals who have been licensed in Washington. It can only provide professional services licensed by the state's authority, including, but not limited to, these professions: Certified public accountants Chiropractors Dentists Osteopaths Physicians Podiatric physicians and surgeons Chiropodists Architects Veterinarians AttorneysThis list is not exhaustive. In general, a professional service is any sort of public-facing personal service that necessitates the provider obtaining a license or other legal authorization prior to providing the service. A Washington PLLC can be formed by anyone who is licensed to practice one of the above-mentioned professions, or is otherwise lawfully licensed or legally permitted in Washington. To make sure if your business profession qualifies as a Washington professional service to form a PLLC, you can consult a local business attorney or use One IBC’s Washington Company Formation service.

What is the difference between a sole proprietorship and an LLC in Washington state?

Sole proprietorship and limited liability company (LLC) are both two of the most popular business structures in Washington state. They can be good options for a small and medium sized business as they are easy to set up and flexible in terms of management. Here are some notable differences between a sole proprietorship and an LLC in Washington state: Liability protection This is the main distinction between the two structures. An LLC can provide liability protection to its owner while a sole proprietorship cannot. That means owners of a sole proprietorship can be at risk of losing their personal assets if the business runs into a legal problem. Start-up process and costs Unlike LLCs, Washington sole proprietorships are not required to register with the state and do not have to pay filing fees. Compliance Washington Sole proprietorships are exempt from filing annual reports, which are required for LLCs in Washington. In addition, the tax filing process is much easier for sole proprietorships than for LLCs.

What are the requirements for an LLC in Washington state?

Limited liability company (LLC) is one of the most popular business structures in Washington state, as it is easy in terms of formation and does not have many requirements for the business owner. Here are some formation documents and requirements that you need to prepare in order to form an LLC in Washington: At least 1 member of the LLC Name of the Washington LLC and its business address The date your Washington State LLC officially becomes effective (immediately or within 90 days from the filing date) The LLC's life span (perpetual or a specific term) Your LLC’s registered agent information The consent of the Registered Agent to function as the Registered AgentAfter providing all the requirements above, you must fill them in the Certificate of Formation and file it with the Washington Office of the Secretary of State.Alternatively, you can hire a Commercial Registered Agent to handle the formation documents and business requirements for your Washington LLC. If you are looking for a commercial registered agent, check out One IBC’s Washington Company Formation service and get your business a reputable agent.

How long does it take to get a business license in Washington state?

When starting a business in Washington state, offshore companies are required to obtain the necessary licenses and permits to run the business legally. Depending on your business area, the regulator licenses/permits will be different, however, you will usually need to provide information about the legal entity, shareholders/directors, business plan and some other documents such as: financial statements, rental office agreement, etc.A Washing business license registration will normally take about 10 working days from the day of application. In case you need additional city or state endorsements, it will take 2-3 more weeks for your Washington business license / permit to be approved. Please rest assured that One IBC Group will support you throughout the whole process.You can find out more about how to get a Washington business license here.

How to get an LLC in Washington state?

In order to get an LLC in Washington state with One IBC Group, simply follow 4 steps to get started: Step 1 - Preparation: Send us your information, requests, billing address and choose 3 valid names for your business. One IBC will do the name check for you. Step 2 - Filing the required documents: We need information of your company’s directors/shareholders along with the shares ratio. If you don’t find anyone to appoint, we can do it for you. Additionally, you can choose some recommended services for your business, e.g serviced office, trademark registration, bank account opening, accounting, etc. Step 3 - Making your payment to One IBC: After making an order, One IBC will send you a quotation. A Washington LLC was incorporated by filing a Certificate of Formation with the Secretary of State, it takes you approximately 2-3 days to process. Step 4 - Receiving your company kit: Your company original documents will be sent to your provided address. You can now get your LLC license in Washington state. Additional services, if any, can be subsequently performed by One IBC Group right after that.For more information, please contact us or visit our website here.

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

The cost to form an LLC in Washington stateis $200. This fee is charged when you file your LLC's Certificate of Formation with the Washington Secretary of State online. If you file via mail, the fee is $180.

LLCs in Washington are required to file an annual report with the Secretary of State. The filing fee costs $60 and needs to be paid by the end of the month in which the LLC was formed.

There are other costs associated with the process of forming an LLC in Washington state. For instance:

Washington State LLC registration, you must file an initial report. If you file this report with the Certificate of Formation, there will be no extra cost. If you file it separately, the cost will be $10 by mail and $30 online.
You can reserve your LLC name in 180 days for $30 by filing a name reservation form.
To register a trade name other than your official Washington LLC business name, you can file a Business License Application and pay the $24 filing fee.

These are all the basic costs to form an LLC in Washington state. Alternatively, you can find your LLC a registered agent like One IBC and they will handle all the paperwork and filings for your business registration. Check out Washington company formation service and learn more about what One IBC Group can do for your overseas business now.

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