Washington entity compliance for multi-LLC owners

Subject: Essential Washington Compliance for Multi-LLC Owners Dear Business Owner, Navigating compliance for multiple LLCs in Washington State requires careful attention to detail. Here's a concise guide to help you stay on track: Key Compliance Requirements: * Separate Entity Treatment: Each LLC is a distinct legal entity.

You must form or register each with the Washington Secretary of State (SOS). Formation filing is $180 online. * Initial Report & UBI: File an Initial Report for each LLC within 120 days of formation.

A unique Unified Business Identifier (UBI) will be assigned to each. * Annual Reports: Every LLC must file an Annual Report yearly with the SOS by the last day of its formation month to maintain active status and avoid dissolution. * Registered Agent: Each LLC needs a designated Registered Agent with a physical Washington street address. * Business License & Taxes: Obtain a State Business License/UBI registration for each LLC.

This often registers your entity with the Department of Revenue for B&O and sales tax, and with L&I/ESD if you have employees. Each LLC typically requires its own tax accounts.

Practical Steps for Multi-LLC Owners:

Subject: Essential Washington Compliance for Multi-LLC Owners Dear Business Owner, Navigating compliance for multiple LLCs in Washington State requires careful attention to detail. Here's a concise guide to help you stay on track: Key Compliance Requirements: * Separate Entity Treatment: Each LLC is a distinct legal entity.

You must form or register each with the Washington Secretary of State (SOS). Formation filing is $180 online. * Initial Report & UBI: File an Initial Report for each LLC within 120 days of formation.

A unique Unified Business Identifier (UBI) will be assigned to each. * Annual Reports: Every LLC must file an Annual Report yearly with the SOS by the last day of its formation month to maintain active status and avoid dissolution. * Registered Agent: Each LLC needs a designated Registered Agent with a physical Washington street address. * Business License & Taxes: Obtain a State Business License/UBI registration for each LLC.

This often registers your entity with the Department of Revenue for B&O and sales tax, and with L&I/ESD if you have employees. Each LLC typically requires its own tax accounts.

Practical Steps for Multi-LLC Owners:

Treat Each LLC Separately

Ensure individual filings and tax registrations for each entity.

Meet Deadlines

File Initial Reports (within 120 days) and Annual Reports (yearly by formation month) for every LLC.

Employer Registrations

If an LLC has employees, register separately with L&I and ESD.

Maintain Strict Separateness

Crucially, keep separate bank accounts, bookkeeping, operating agreements, and insurance for each LLC to mitigate "veil-piercing" risks.

Verify Details

Always confirm current fees and procedures directly on the SOS and Department of Revenue websites.

Seek Expert Advice

For complex structures like series LLCs or shared management, consult a Washington business attorney and tax advisor. Staying compliant ensures your businesses remain in good standing and protects your assets.