Washington LLC For Pacific NW Business Success
A Washington LLC will suit the needs of business developers seeking a simple low cost set-up, personal asset protection, low annual filing fees, easy to run nature, corporate tax exempt status.
Form an LLC for only $139 - Washington LLC Information - LLC Links & Articles
Making A Success For Your Washington Limited Liability Company
* Proactive Business Environment. Entrepreneurs like you seek to establish a legal presence in order to enter the dynamic and pro-business market place of Washington.
Additionally, your Washington limited liability company is a legal and recognized corporate form by all fifty US states, and will also attract the additional public arena support from the Washington Secretary of State.
* Qualifying For Personal Asset Protection. Your Washington LLC immediately qualifies for all the rights and protections offered under Washington law.
Foremost amongst these protections sought by business developers is the protection of your Washington LLC members' personal assets (bank deposits, auto, real property, etc.) from the future potential corporate liabilities created by your Washington LLC in its business.
Unless an instance of fraud by your Washington LLC has been proven in a court holding jurisdiction, then no corporate creditor of your Washington LLC can attack your member assets, other than their invested capital.
* Getting Corporate Tax Exempt Status. Your Washington LLC is a tax exempt "pass through" entity according to state and federal law, accordingly earnings and/or losses from your Washington LLC operations are reported on the individual tax returns of your members.In arriving at your year-end profit or loss position, your Washington LLC can legally deduct qualifying operating costs and expenses, along with taking advantage of the federal rules for depreciating assets noted in your Washington LLC balance sheet statement.
* Simple Flexible And Low Cost Corporate Governance Rules. A Washington limited liability company offers key corporate governance advantages in the area of capitalization and ownership.
Unlike the Subchapter S corporate form which by law is limited to a maximum of 75 shareholders, your Washington LLC operates under no such restriction and can raise its required capital via private placement financing from as many investor-members (which can include persons, trusts, pensions or even other LLC corporation entities) as you choose.
Furthermore, your Washington LLC does not have to conduct annual meetings nor produce written meeting minutes, as do other corporations, unless your limited liability company operating agreement policy requires such meetings.
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