How to Open a Business in Washington State
Opening a new business can be an exciting venture. If it's your first, then you're probably ready to burst of of the gates and get started. But before you begin, you will need to do a bit of paperwork. The tasks can look daunting, but the state of Washington does give quite a bit of guidance about the process, through their online Business Licensing Guide. (see resource 1) Armed with some diligent research, a team of experts on your side, and hopefully a business plan, you'll soon be able open the doors of your business in Washington state.
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Instructions
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Decide on a name for your business. Be sure it is creative and unique, as you want to separate yourself from the competition. When you've come up with something good, go to the Washington State Business and Professional License Search website (see reference 1) to check if that name has been taken. Also check the name by calling the Washington Secretary of State's Trademark Division at (360) 725-0377.
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Decide which type of entity you would like your business to be. Types to choose from in Washington include Sole Proprietorships, General Proprietorships, Limited Partnerships, Limited Liability Corporations, and several others. It is best to seek the advice of a trusted accountant or attorney to assist you with these matters. They will know which entity is best for your tax situation. What type of entity you form will dictate what you do next.
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File Formation Papers with the Washington Secretary of State. But keep in mind, this is only necessary if the company you are forming is a Corporation, Limited Partnership, Limited Liability Company, or Limited Liability Partnership. If you're forming a different type of entity, you can skip this step.
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File the Master Business Application (resource 2) with the Washington Secretary of State. This is a general application that allows the state to look at your particular type of business and determine if there are any special permits or licenses you need to operate your business. You can do this application online, by mail, or in person.
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Tips & Warnings
A solid business plan will go a long way toward achieving success in business. It simply cannot be overlooked. For a handy, simple yet thorough business plan, refer to the Small Business Administration. They also provide free advice for people just starting out in business. (see reference 3)
References
Resources
- Photo Credit business woman talk to cell phone on business building image by Anatoly Tiplyashin from Fotolia.com
