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  • Wa Bls-700-331 2019

Get Wa Bls-700-331 2019-2026

State of Washington Business Licensing Service PO Box 9034 Olympia, WA 985079034 3607056741UBI numberReset This FormCollection Agency Business Financial Statement/Balance Sheet(This form must be completed.

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How to fill out the WA BLS-700-331 online

Filling out the WA BLS-700-331 form is an essential step for individuals and entities applying for a business license in Washington State. This guide will walk you through the process of completing the form accurately and efficiently, ensuring you provide all necessary information for licensing approval.

Follow the steps to complete the WA BLS-700-331 form online

  1. Select the ‘Get Form’ button to access the WA BLS-700-331 form and open it in your preferred editing tool.
  2. Carefully fill in the applicant information section, including the applicant name, address, and type of business. Make sure to choose one from the provided options: sole proprietor, partnership, LLC, or corporation.
  3. Indicate the state of financial condition by entering the date, which should be no more than three months old, in the designated space.
  4. Complete the assets section by providing detailed information regarding current assets and fixed assets. Ensure to specify amounts for each item listed, as these will be required for financial assessment.
  5. In the liabilities section, report total liabilities by detailing all accounts payable, unpaid taxes, and any other debts. Make sure to include amounts for each line item.
  6. For corporations, fill out the shareholder's equity section, whereas for non-corporations, provide the owner's equity. Ensure to match the total with the total assets amount.
  7. In the additional information section, list any persons with more than a 20% interest in the business and answer the liability questions accurately. Attach additional pages if necessary.
  8. Review all sections for accuracy, then sign the certification portion at the end of the form. Ensure that the signature is from the company owner, partner, or officer, and provide printed names and titles as required.
  9. Once completed, you can save your changes, download, print, or share the form as necessary.

Complete your WA BLS-700-331 form online today to ensure a smooth business licensing process.

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The business license application will take approximately 10 business days to process.

Transferring Ownership in an LLC When the ownership transfer is a sale of the LLC, a buy-sell agreement may be necessary. An operating agreement should specify the process for ownership transfer, but if it doesn't, you must follow state guidelines. Under some circumstances, the state may require you to form a new LLC.

The Unified Business Identifier (UBI) is assigned to the owner of a business when a Business Application is filed for the first time. If filing for a legal entity (Corporation, LLC, etc.) contact the Secretary of State Corporations Division to obtain a UBI number.

The state Business Licensing Service (BLS) offers a "one-stop" local licensing solution to relieve the workload of license renewals. The free service works for more than 200 cities and towns.

3 Steps to Obtaining your Washington UBI Number: The Secretary of State usually takes 2 to 5 days to process your formation, as long as you expedite it. It's an added $20 when you file online and $50 if you expedite a filing by mail. If not, it could take up to a month. We recommend filing online.

Visit State of Washington Business Licensing Service to print an application form or apply online for a UBI number. If your business qualifies, the State also offers a temporary UBI number. More information can be found at State of Washington Department of Revenue.

When you receive your business license, you'll be assigned a Unified Business Identifier (UBI) number. This number is unique to your business, and you'll need it whenever you file your taxes or make changes to your business.

If you're a sole proprietor who doesn't need to file with the Washington Secretary of State, you will be issued a UBI number when you apply for a business license with the Department of Revenue.

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