Rotate Legal Washington Startup For Sole Proprietorship Forms For Free

When it comes to being a sole proprietor in the state of Washington, there is no formal setup process. There are also no fees involved with forming or maintaining this business type. If you want to operate a Washington sole proprietorship, all you need to do is start working.

Registration requirements You plan to hire employees within the next 90 days. You sell a product or provide a service that requires the collection of sales tax. Your gross income is $12,000 per year or more. Your business is required to pay taxes or fees to the Department of Revenue.

You should also read the general section for information applicable in any state. Choose a business name for your sole proprietorship and check for availability. ... File a Business License Application with the Washington Department of Licensing. ... Get an Employer Identification Number from the IRS. ... Report Any New Hires.

No, Sole Proprietorship Registration is not mandatory. It is optional on whether a person intends to register his sole proprietorship or not. Although, banks insist on getting sole proprietorship registered if you intent to open a bank account in the name of your business, but as per law ? it is not mandatory.

If you are operating as a sole proprietor and use your legal first and last name for the business, such as a contractor or consultant, you are not required to file. If you choose to operate under a fictitious name (assumed, doing business as) you must file with the State of Washington Business Licensing Service.

Almost all businesses in Washington are subject to the state B&O tax. This includes corporations, LLC's, partnerships, and sole proprietorships. The B&O tax is a gross receipts tax on the business. It is measured on the value of products, gross proceeds of sale, or gross income of the business.