Each state has different requirements for forming a corporation. Whether you are starting a business or incorporating a business already in existence, you’ll want to understand state requirements for Washington incorporation.
The corporate name must include the word "Corporation," "Incorporated," "Company," "Limited" or the abbreviation "Corp.," "Inc.," "Co." or "Ltd." The name must not imply a purpose other than the purpose stated in the Articles of Incorporation. It must be distinguishable from the name of any other domestic corporation or of any foreign corporation authorized to do business in state. The words "Bank," "Loan" and "Home Loan" require approval from the Department of Financial Institutions. The word "Trust" cannot be used in a name. Use of the word "Co-Operative" is restricted.
The following are Washington’s requirements for directors of corporations:
The document required to form a corporation in Washington is called the Articles of Incorporation. The information required in the formation document varies by state. Washington's requirements include:
Some states require additional filings or steps at the time of incorporation, such as a county level filing, publishing notice of the incorporation in a local newspaper or an initial report filing. Washington requires the following:
Washington allows professionals, such as accountants, attorneys and physicians, to form a professional corporation (PC).
After forming a corporation, you must undertake certain steps on an ongoing basis to keep your business in compliance. These steps are also important in preserving the limited liability a corporation provides its owners. This guide outlines the ongoing requirements for Washington corporations.
Washington corporations must keep the following items with their corporate records at the principal office:
The following are taxation requirements and ongoing fees for Washington corporations:
Business licenses and/or permits are required for most businesses. The BizFilings Business License Application Package can help you stay on top of these requirements.
Washington does not recognize the federal S corporation election and does not require a state-level S corporation election. You can still have an S corporation in Washington. The S corporation will only be an S corporation for federal tax purposes and not for state tax purposes. For state purposes, the corporation will be treated as a regular C corporation.
The state in which you form your company can provide certain benefits.
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