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 What is an annual report of an LLC operating in Washington state LLC?

What is an annual report of an LLC operating in Washington state LLC?

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    Businesses are required to file an annual report for LLCs, or renewals, online with the Washington Secretary of State. The initial annual report should be filed within the first 120 days from the date of your business' registration. Subsequently, you should receive a notification from the office of the secretary of state not less than a month before the date that the deadline for filing your annual report. Annual reports are currently $60. Credit card transactions are subject to an additional convenience charge of $55.

    Does a Washington LLC required to have an agent registered with the state?

    All LLCs that operate in the state of Washington need to identify an agent registered with the state who has a physical address in the state. The registered agent receives all Washington-related communications including notices, annual reports from the secretary-of state's office.

    What if I don't want to start a tech company?

    While tech is crucial to Washington's economy, many other industries flourish across the state. Washington, for example, is a leader in the field of clean energy and produces 25% of the nation's hydroelectric power. Clean energy and environmental conservation businesses will receive a lot of support within the state. The state's varied landscape has plenty of opportunities in forest and maritime trades as well as agriculture. The need for restaurants, bars, and coffee shops increases because of the increasing quantity of workers working in different sectors.

    Washington Resources for small-scale businesses

    Here are some resources available to small-scale business owners in Washington:

    Washington SCORE

    SCORE's team of business professionals who are volunteer and mentors are able to provide advice and guidance to entrepreneurs looking to expand or start their business. The services are free and volunteer-driven. Here are a few of the Washington chapters:

    SCORE Central Washington

    Greater Seattle SCORE

    Yakima Valley SCORE

    South Sound/Tacoma SCORE

    Bellingham SCORE

    Mid-Columbia Tri-Cities SCORE

    U.S. Small Business Administration District Offices

    The U.S. Small Business Administration provides advice, counseling funding, grants and financing and also consultations. There is also the possibility to apply for federal government contracts through the SBA and avenues for obtaining aid in the aftermath of natural disasters.

    9Mile Labs Startup Accelerator

    9Mile Labs, mentioned above is an accelerator located in the Greater Seattle area that focuses on startups, specifically in the field of technology. Participants in the program get the opportunity to present their ideas to a variety of investors over the time period of four months as well as to join the mentorship network that 9Mile Labs has created.

    Washington Small Business Development Centers

    Washington hosts SBA-affiliated development facilities specifically for small and medium-sized enterprises. Each of the centers is dedicated to the support of small-scale business growth and retention. They can assist entrepreneurs with everything, from creating business plans to navigating the tax code of the state.

    Startup Washington

    Startup Washington is a Department of Commerce program which connects entrepreneurs with information as well as funding sources and other useful resources.

    Running an enterprise in Evergreen State

    The state's economy has grown to be an ideal location for startups and small businesses across many industries. Despite the high rate of unemployment and the state's tech giants have made hiring more competitive and companies are responsible for paying employees relatively high wages.

    A combination of reasonable business tax rates and a huge community of investors have created an environment that supports the growth of small businesses.

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