Washington State is known for its tech giants like Amazon and Microsoft, as well as being a popular place for small businesses to thrive. If you want to start your own business in Washington, one of the first steps is filing Articles of Incorporation with the Secretary of State. This process can seem intimidating, but with a little guidance you can have your business up and running in no time.
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What are Articles of Incorporation?
Articles of Incorporation are legal documents that establish a corporation or limited liability company (LLC). They include basic information about the company, such as its name, purpose, and registered agent. They also outline the structure of the company and how it will be managed.
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In Washington, both corporations and LLCs must file Articles of Incorporation with the Secretary of State. This marks the official creation of your business and provides legal protection for its owners (called shareholders for corporations and members for LLCs).
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Steps to File Articles of Incorporation in Washington
1. Choose a name for your business. In Washington, the name must be distinguishable from other businesses registered with the state. You can check name availability on the Secretary of State website.
2. Determine whether you want your business to be a corporation or LLC. Both have their own advantages and disadvantages, so it's important to research which is best for your specific situation.
3. Draft Articles of Incorporation. You can either use the form provided by the Secretary of State or create your own using one of the many templates available online. Make sure to fill in all required information and have it signed by all incorporators.
4. Choose a registered agent for your business. A registered agent is someone who is responsible for receiving important legal documents, such as lawsuits and subpoenas, on behalf of your business. This cannot be the business owner and must have a physical address in Washington.
5. File the Articles of Incorporation with the Secretary of State. You can either mail them to the address listed on the form or file online with a credit/debit card. There is a $200 filing fee for both corporations and LLCs.
6. Wait for approval. The Secretary of State will review your Articles of Incorporation and notify you once they are approved. This process can take anywhere from a few days to a few weeks.
7. Obtain any necessary business licenses and permits. Depending on the nature of your business, you may need additional licenses or permits from local or state authorities.
Tips for Filing Articles of Incorporation
- Make sure all information is accurate and complete before filing. Any mistake can lead to delays or even rejection of the application.
- Consider hiring an attorney or accountant to help you with the process. They can provide guidance and ensure everything is done correctly.
- Keep copies of all documents and receipts for future reference.
- Don't forget to file annual reports with the Secretary of State to keep your business in good standing.
Conclusion
Filing Articles of Incorporation may seem overwhelming, but it's an important step in starting your own business. By following these steps and tips, you can ensure that everything is done correctly and protect your business from legal and financial risks. With the right planning and execution, you can turn your business dreams into a reality in Washington State.
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