{"id":29174,"date":"2024-05-20T10:17:12","date_gmt":"2024-05-20T10:17:12","guid":{"rendered":"https:\/\/boostsuite.com\/?page_id=29174"},"modified":"2024-07-02T17:49:25","modified_gmt":"2024-07-02T17:49:25","slug":"washington","status":"publish","type":"page","link":"https:\/\/boostsuite.com\/how-long-does-it-take-to-get-an-llc\/washington\/","title":{"rendered":"How Long Does it Take to Get an LLC in Washington ? (2024 Guide)"},"content":{"rendered":"\n
Forming a Limited Liability Company can be a massive undertaking for any business owner. While you don\u2019t have to jump through as many hoops to start a new LLC as you would if you wanted to start a corporation, there\u2019s still a lot of paperwork to file and considerations to make. And then once you\u2019ve got all of that done, you have to wait for the Secretary of State to contact you for approval. In this guide we\u2019ll clear up any confusion you may have about the formation process, tell you all the steps you need to take, what it\u2019s like to do business in the state, and how long the formation process can take. <\/p>\n\n\n\n
Washington is known as the Evergreen State because of the large number of trees it contains, with forests covering more than half the state. <\/p>\n\n\n\n
If you look at a map of the contiguous U.S. (which doesn\u2019t include Hawaii or Alaska), Washington is up in the Northwest Corner. It has borders with Canada, British Columbia, Idaho, Oregon, and the Pacific Ocean. <\/p>\n\n\n\n
Some of the geography of the state includes mountains, rain forests, hills, beaches, valleys, rivers, tons of little flattened hills that are called mima mounds, the Mount St. Helens volcano, and the biggest lava plateau in the world called the Columbia Plateau. It\u2019s home to the Olympic Mountains, the Cascade Mountains, the Rocky Mountains, Mount Ranier which is the 5th highest mountain in the U.S., the Palouse Hills, and the Olympic National Park which is so dense that experts believe it has sections that haven\u2019t been explored yet. <\/p>\n\n\n\n
Washington is one of the nation\u2019s biggest producers of plywood and lumber. It also mines aluminum, gold and lead. <\/p>\n\n\n\n
The state\u2019s Gross State Product (GSP) is $577.2b, and it had a growth rate of 3.6% from 2017-2022, which puts its GSP growth rate at the 2nd in the country. <\/p>\n\n\n\n
The biggest industries in the state according to revenue are Software Publishing, Hospitals, New Car Dealers, Drug, Cosmetic & Toiletry Wholesaling, and E-Commerce & Online Auctions. The biggest employers in Washington are Amazon.Com Inc., Microsoft Corporation, the University of Washington, Boeing Co, and Walmart Inc. And the sectors that contribute the most to the state\u2019s GDP are Information, Real Estate & Rental & Leasing, Retail Trade, Manufacturing, and Professional, Scientific & Technical Services. <\/p>\n\n\n\n
Washington is known to be where Starbucks got its start, as well as Boeing Co. and Microsoft Corp. With its location on the coastline, it\u2019s one of the nation\u2019s biggest exporters. And it\u2019s agriculture industry is so expansive that it supplies much of the nation\u2019s apples, milk, potatoes and cattle. Aerospace and military defense are big in Washington, too. <\/p>\n\n\n\n
According to Usnews.com, Washington\u2019s economy is #13 in the country, #4 in business environment, #27 in employment and #17 in growth. It\u2019s rated #4 for long-term fiscal stability and #8 for short-term fiscal stability. <\/p>\n\n\n\n
It\u2019s rated #3 for energy because 49.7% of its energy usage is renewable, compared to the national average of 12.3%. It also ranks quite well for air and water quality and pollution, #9 and #15 respectively. <\/p>\n\n\n\n
It was rated #46 for affordability, which makes sense because the cost of living index in Washington is 108.9 (100.0 nationally). The median household income in the state is $84,247, which is well above the national average of $69,717. <\/p>\n\n\n\n
Here\u2019s a look at the incentives designed to support businesses. <\/p>\n\n\n\n
There are both pros and cons in regard to forming an LLC. Here\u2019s what you need to know: <\/p>\n\n\n\n
Pros: <\/strong><\/p>\n\n\n\n Cons: <\/strong><\/p>\n\n\n\n It can be hard work to form an LLC, but we\u2019ll provide you with instructions for each step which will clarify the process and make it a lot simpler! <\/p>\n\n\n\n These are the documents you\u2019ll need to have ready in preparation for LLC filing. <\/p>\n\n\n\n Follow these steps to form an LLC and you\u2019ll get through the process in no time. <\/p>\n\n\n\n After you\u2019ve submitted your documents, you\u2019ll wait for the Secretary of State to contact you. This is typically what is referred to as formation time. There are two figures to take into account when it comes to formation times, approval time and processing time. Approval time is the total time from the submission of your documents to your LLC\u2019s approval, including processing and transit time. Processing time is the time it takes for the Secretary of State\u2019s office to enter the information in your documents to their computer system. <\/p>\n\n\n\n Here\u2019s a look at formation time frames in Washington. <\/p>\n\n\n\n Approval times to file online can take 2-3 weeks, or 7-8 weeks if you file by mail. <\/p>\n\n\n\n Processing times for online filing are 12-14 business days, while processing times for mail filing are 5-6 weeks. <\/p>\n\n\n\n These are some of the circumstances that could hold up your LLC formation. <\/p>\n\n\n\n Now let\u2019s discuss the fastest way to form an LLC: expedited processing! <\/p>\n\n\n\n There\u2019s only one expedited processing option in Washington. It\u2019s a 2-day expedited option for mail filings. To receive this service, write \u201cEXPEDITE\u201d in bold capital letters on the envelope. <\/p>\n\n\n\n The fee for expedited processing is $100. This is an extra fee on top of the filing fee. <\/p>\n\n\n\n One of the most important things to consider when starting an LLC, in addition to the formation costs, is how your state\u2019s formation times compare to other states. Here\u2019s how Washington measures up. <\/p>\n\n\n\n To review, processing times in Washington are 12-14 days to file online, or 5-6 weeks if you file online, and there\u2019s a two-day expedited processing option. <\/p>\n\n\n\n While Washington\u2019s processing times are slower than some states, there are other states with even slower times, believe it or not. To file online in Arizona takes 14-16 days. To file by mail in Maryland takes 5-8 weeks, and it\u2019s 8 months in New York. And expedited processing in Arizona and Maryland takes 5 and 7 days, respectively, while there are many states that don\u2019t even offer expedited processing. <\/p>\n\n\n\n Conversely, processing times for online filings in Alabama, Alaska, Colorado, Kansas, Kentucky, Minnesota, Missouri, New York, South Dakota, Tennessee, Wisconsin and Wyoming are immediate. Processing for mail filings takes only 1-2 days in Alabama, Massachusetts and South Dakota, and only 1 day in Kentucky and Ohio. California has a 4 hour expedited processing option, Louisiana has a 2-4 hour expedited option, New York\u2019s is 2 hours and expedited processing takes just one hour in Delaware, Michigan, Montana, Nevada, New York, Pennsylvania, and West Virginia. <\/p>\n\n\n\n In short, there are only a handful of states with slower processing times than Washington, while a number of states have far faster processing times.<\/p>\n\n\n\n Washington can be a great place to start a business for a number of reasons. The workforce is one of the most educated and skilled in the country. At least \u2153 of workers have earned a post-secondary degree. Innovation, creativity and new ideas thrive in Washington. It\u2019s where companies like Starbucks, Microsoft and Boeing all got their start, which wouldn\u2019t have happened if they didn\u2019t think outside the box. Washington is one of the country\u2019s biggest producers of hydroelectric power, and it\u2019s made strides to adopt other alternative energy sources like solar and wind power. Because of this, it offers energy costs as low as 4.25 cents per kilowatts for businesses. The state is quite diverse, with rural as well as metropolitan areas which means that a wide variety of businesses have the opportunity to thrive here. It\u2019s also an excellent place for businesses due to its status as an export hub. It\u2019s equally distant from Asia and Europe, with shipping and air ports that make international shipping easy.<\/p>\n\n\n\n\n
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Procedure of Establishing an LLC in Washington<\/h2>\n\n\n\n
Necessary Documentation for Filing an LLC in Washington<\/h3>\n\n\n\n
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Legal Requirements for Starting an LLC in Washington<\/h3>\n\n\n\n
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Time Frame for Establishing an LLC in Washington<\/h2>\n\n\n\n
How Long Does the Initial Paperwork Take in the State of Washington? <\/h3>\n\n\n\n
Processing Times in the State of Washington<\/h3>\n\n\n\n
Common Delays in the LLC Formation Process in Washington<\/h3>\n\n\n\n
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Expedited Processing for LLC Formation in Washington<\/h2>\n\n\n\n
What are the Expedited Options Available? <\/h3>\n\n\n\n
Additional Costs for Expedited Services in Washington<\/h3>\n\n\n\n
Comparing LLC Formation Time Frame in Washington with Other States<\/h2>\n\n\n\n
Brief Comparison with Key States<\/h3>\n\n\n\n
Why is Washington a Favorable Place for Forming an LLC?<\/h3>\n\n\n\n