Washington LLC Annual Fees and Cost – Start, Form, and Payment James Fish, October 7, 2023October 7, 2023 Welcome to our comprehensive guide on Washington LLC annual fees and costs. Whether you are starting a new LLC or already have one in the state of Washington, understanding the necessary fees, the process of formation, and how to make payments is crucial. In this article, we will provide you with all the essential information you need to navigate the financial aspects of running an LLC in the Evergreen State. Table of Contents Toggle Washington LLC Formation and FeesWashington LLC Name and RegistrationWashington LLC Annual Reporting and TaxesWashington LLC Annual Reporting and TaxesAdditional Endorsements for Washington LLCWashington LLC Related Services and Resources Washington LLC Formation and Fees When starting a Washington LLC, it’s important to understand the formation process and associated fees. To form an LLC, you will need to file a certificate of formation with the Washington Secretary of State and pay the required fee. This form can be submitted online or by mail, along with the payment. Additionally, Washington LLCs are required to file an annual report and pay an annual fee to maintain their status. The annual report can be filed online and must include updated information about the LLC’s members and registered agent. Failure to file the report and pay the fee can result in penalties and potential dissolution of the LLC. It’s also important to note that LLCs may be subject to other fees and taxes depending on their specific activities and revenues. Washington LLC Name and Registration When starting a Washington LLC, you’ll need to choose a name and complete the registration process. The Washington Secretary of State is responsible for handling these steps. To register your LLC, you’ll need to file the certificate of formation and pay the necessary fees. The annual fee for maintaining your LLC in Washington is $71. You can make the payment online or by mail using a money order or check. It’s important to keep your LLC in good standing by submitting an annual report to the Secretary of State and renewing your business license. washington llc annual fees“> Washington LLC Annual Reporting and Taxes Washington LLC Annual Fees and Cost – Start, Form, and Payment Washington LLC Annual Reporting and Taxes Fee/Expense Description Annual Report Fee An annual fee paid to the Washington Secretary of State to maintain your LLC’s active status. It is due by the end of your LLC’s anniversary month. Annual Report Filing Every LLC in Washington must file an Annual Report with the Secretary of State. This report includes basic information about the LLC, such as its name, principal place of business, and registered agent. Annual Report Cost The cost to file the Annual Report varies depending on the LLC type: Domestic LLC: $60 filing fee Foreign LLC: $60 filing fee Nonprofit LLC: $10 filing fee Late Fee If the Annual Report is not filed by the due date, a late fee of $25 will be added to the filing fee. Business License Depending on your business activities, you may be required to obtain a Business License from the Washington State Department of Revenue. Business & Occupation (B&O) Tax Most LLCs in Washington are subject to the B&O tax. The tax rate varies based on your business classification and gross receipts. Department of Revenue Annual Renewal LLCs with a Business License need to renew it annually with the Washington State Department of Revenue. Additional Endorsements for Washington LLC When forming a Washington LLC, there are several additional endorsements you may need to consider. These endorsements can help protect your business and ensure compliance with state regulations. Some common endorsements include obtaining an Employer Identification Number (EIN) from the Internal Revenue Service, which is required for taxation purposes in the United States. You may also need endorsements for specific industries, such as Visa, Mastercard, American Express, or other payment systems. Additionally, endorsements for legal liability, privacy, and service of process may be necessary depending on your business activities. Be sure to consult with the Secretary of State of Washington for a complete list of endorsements required for your LLC. Washington LLC Related Services and Resources When starting and maintaining a Washington LLC, it’s important to be aware of the associated fees and costs. The initial filing fee for forming an LLC in Washington is $200. Additionally, there is an annual report fee of $60, which is due by the anniversary of your LLC’s formation date. This report must be filed with the Secretary of State of Washington. To make the payment process easier, Washington LLCs have the option to pay their fees online using a credit or debit card. Alternatively, you can also pay by check or money order through mail. It’s important to ensure that your LLC’s information is up to date and accurate in order to avoid any penalties or legal issues. Failure to file the annual report or pay the required fees can result in the LLC being administratively dissolved. For further information and assistance with Washington LLC-related services and resources, consult the Secretary of State of Washington’s website or seek professional legal advice. James FishWas this article helpful?YesNo LLC Annual Fees