Posts Tagged ‘washington state business tax filing’
Washington State Business Tax Filing
August 16th, 2010
Question: In the State of Washington do you need to file papers to become an LLC before you get a master business lic.?
Some friends and i are starting a small business and would like to know what we need to fill out first, the application to form a LLC or the master business lic.? Can we file for master business lic. first? How would this effect our taxes
Answer: You can (and, should) do both at the same time. You can do this online at the state’s official website. Go to the website and click the BUSINESS link … it will be obvious from there.
Your personal taxes won’t be affected until you start transferring revenue from the LLC to yourselves. The business’ taxes won’t be affected until it begins earning money.
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