Friday, October 24, 2008

Registering Your Business with Washington State

(I apologize for the rushed tone of this post. Today is a busy day for me!)

In Washington, these are the basic steps to registering your business:

Master Business License: Quick, easy to do online, application costs $15 plus $5 per trade name. Be sure to select the right business structure. Sole proprietorships are a good place to start for one person or a married couple, but you may consider becoming an LLC later, which has its pros and cons. We'll discuss that in another post.

The MBL will automatically register you with the DOR, to whom you'll be sending the sales tax you collect. Filing the returns is simple once you've figured it out the first time, especially if you take one of the free seminars they offer. There are also online tutorials, and they also offer to come to you and help you check that you're doing it right.

If you're an LLC, corporation, or non profit you'll need to register your trade name with the Secretary of State.

Register with the IRS and get your Employer Identification Number. Helpful guide here.

Register with the city you'll do business in.

If you have employees, register with Labor and Industries. Get your specialty license with Labor and Industries, if required for your industry.

Find the requirements for specific business activities here.

Don't hesitate to call the agencies with questions. They're always helpful and friendly, and it's better to take the time to ask than to get nasty fines for noncompliance!

1 comment:

david and jenny said...

Hi, what a huge help this post was! Thank you so much for giving out this information. I am a mommy of two living in El Salvador and I have been trying to start a small buisness. however, I still have so many questions. Is there a way I could contact you with a couple questions? I am so happy I found your blog, what a great resource and inspiration! Blessings, Jenny