Business Formation and Fees
Form an LLC by filing paperwork and fees. An LLC combines liability protection with flexibility. Over 650,000 small businesses employ 1.4 million people. Resources here support small businesses. Understand tax obligations based on business structure.
Get a Unified Business Identifier (UBI) number to operate here.
Tax Compliance and Structure
Consult a tax professional to ensure compliance. Financing is critical for establishment and growth. Its structure includes business and occupation tax, sales and use taxes, property taxes, and industry-specific taxes. Washington has no personal or business income tax.
It favors entrepreneurs with diverse work opportunities. Get required licenses and permits. Have a solid business plan before spending money and time. Obtain workers’ compensation insurance and register with the Department of Revenue to pay taxes.
Small Business Liaison Team
The Small Business Liaison Team represents 27 agencies. We make business easier in Washington. Contact the Department of Labor & Industries for requirements to hire minors under 16. Apply for a permit to hire a minor under 18.
An online Washington LLC costs $200. The Secretary of State gets this fee when you file. In 2020, new small business applications reached an all-time high. Over 60 million people work for small businesses in the US. That’s almost half the workforce.
(Note: The last section "What is the Massachusetts small business exemption?" seems out of context and unrelated to the rest of the text that focuses on Washington. It was not included as it does not align with the given requirements and other text content.)