First off, consider the legal structures that will most likely fit with the kind of business you are operating.
Narrow down your options by making comparisons and do an extensive research of the options. Doing this allows you to clearly look at each business structure and how it can impact the various facets of your business operations.
If you are still confused as to what option suits best for your Washington business, this walkthrough guide should shed some light. If you’ve narrowed down your options to the two best ones, you can use this comparison chart to help make the decision.
The next step after choosing a business structure is the actual incorporation process. This means that you are to register your Washington business with the structure you have chosen to the Secretary of State Office.
Since this process has many steps and requires a good amount of paperwork, online incorporation providers like IncFile (for $49) or LegalZoom (for $149) are a good option to incorporate.
On the other hand, if you are incorporating your Washington business yourself, the simple guides below should help you do so regardless the business structure you want to incorporate in.
As soon as the incorporation process is accomplished, then you are now a legal Washington business. The next few steps illustrated below should start you on the right footing.
Write a solid business plan if it means securing the future of your business. More than just being a simple business document, if written properly and applied effectively, it can become the very tool that brings your business to the success you want to achieve.
When you start a business, no matter how tedious the tasks may seem, it is always a must to open a business bank account even before operations.
This will ensure that from the first transaction of your business, all of the records are contained in a separate bank account and not mixed in with your personal transactions.
Recommended Resource: This resource guide contains a roundup of the most considered business banking accounts.
Take care of your Washington business taxes to ensure that you have smooth operations and not have government agencies breathing down your neck. There are a number of business taxes required that need your absolute compliance. You can check the Washington Department of Revenue for the business taxes specific to your business.
Recommended Resource: To help you comply with Washington business taxes, Xero automates bookkeeping and accounting tasks so you won’t have to monitor every single penny that comes in and out of your business. Try Xero’s free 30-day trial now!
Business licenses are required for a number of purposes. It helps identify your business as a legal entity and makes sure that you are held accountable for business transactions.
Licenses also protect your business from illegal actions and lawsuits, and it also helps you keep track of finances.
Recommended Resource: To gather all the business licenses and permits your business need, you might want to check this great resource package to start off. Otherwise, this SBA resource list is also important.
To make known your online presence, a professional business website is a must. You can make your own website with the help of Bluehost.
This web hosting service has a one-click WordPress installation feature that allows you to create beautiful business websites even without the technical expertise associated to do so.
Resource for Getting Started: To start on a business website today, this step-by-step tutorial should be a great guide.
This guide to incorporating a business is just an informational article. It is no way a legal document and/or advice, so it should not be taken as such. Consult the expertise of a business lawyer if you need to know the legal specifics of the incorporation process.