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Washington
Corporate Name Endings
- The corporate name
must include the word "Corporation," "Incorporated," "Company," "Limited,"
or the abbreviation "Corp.," "Inc.," "Co.," or "Ltd." The name must
not imply a purpose other than the purpose stated in the charter. The
name must be distinguishable from the name of any other domestic corporation
or of any foreign corporation authorized to do business in state. The
name must not include certain enumerated words indicating it is a bank
or savings and loan, or any other words or phrases prohibited by any
state statute.
Corporation Requirements
- Director Information
- Minimum Number - One or more.
- Residence Requirements - No provision.
- Age Requirements - None.
- Directors are
not required to be listed in the articles of incorporation.
- Officer Information
- Officers are
not required to be listed in the articles of incorporation.
- Stock Information
- An increase
in shares or par value does not affect initial filing fees.
- Corporate Records
- Articles of
incorporation, bylaws, minutes of shareholders' meetings, financial
statements for the past three years, all written communications
to shareholders within the past three years, a list of names and
addresses of current directors and officers, and the most recent
annual report delivered to the Secretary of State must be kept at
the principal office of the corporation.
Taxes and Fees
- Annual Statements
- A Corporation
License Renewal and annual report must be filed with the Department
of Licensing on or before the expiration of the corporation's corporate
license, or not less than 30 days or more than 90 days prior to
the expiration date of any staggered yearly license. The license
fee is $50 with a renewal fee of $9.
- Income Tax Rate
- There is no income tax in the state of Washington.
- S Corporation
- The state of
Washington has no corporate income tax so S corporations elections
have no impact.
- License Requirements
- Washington
requires most businesses to obtain a license and pay a fee if operating
in the state. Please check with the state to make sure your business
is complying with the license requirements for your particular profession.
For more information on taxes, visit
http://access.wa.gov/onlineservices.taxcenter.asp.
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