Washington Financial Statement Businesses

State:
Washington
Control #:
WA-SKU-3602
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Description

Financial Statement Businesses

Washington Financial Statement Businesses are organizations located in the state of Washington that offer financial services such as preparing and filing financial statements. These services include compiling financial statements for companies, preparing tax returns, and providing consulting services for businesses. Financial Statement Businesses in Washington can be divided into three categories: accounting firms, tax professionals, and advisors. Accounting firms provide a variety of services including bookkeeping, preparation of financial statements, and tax return preparation. Tax professionals specialize in the preparation of individual and business tax returns. Advisors are experts in financial strategy and consulting and provide advice to clients on a variety of topics related to financial management.

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FAQ

The state of Washington requires all corporations, nonprofits, LLCs, LPs, LLPs, and LLLPs to file a Washington Annual Report. These reports must be filed with the Washington Secretary of State, Corporations & Charities Division each year.

Table BusinessesTotal employer establishments, 2021198,854Total employment, 20212,821,109Total annual payroll, 2021 ($1,000)224,059,967Total employment, percent change, 2020-2021-4.7%8 more rows

U.S. Companies. Private companies are required to file reports with the Securities and Exchange Commission (SEC) if they meet these criteria: Companies with more than $10 million in assets whose stock is held by more than 500 owners. Companies that have made a public debt offering.

The U.S. Securities and Exchange Commission, or SEC, regulates the offer and sale of all securities, including those offered and sold by private companies.

In short, not in the United States. While many may speculate about the business revenue or look for financial statements of private companies, typically they will find this to be difficult. As the name implies, a private company is not required to disclose financial information to the public.

Financial information can be found on the company's web page in Investor Relations where Securities and Exchange Commission (SEC) and other company reports are often kept. The SEC has financial filings electronically available beginning in 1993/1994 free on their website. See EDGAR: Company Filings.

Financial information can be found on the company's web page in Investor Relations where Securities and Exchange Commission (SEC) and other company reports are often kept. The SEC has financial filings electronically available beginning in 1993/1994 free on their website. See EDGAR: Company Filings.

Does GAAP apply to private companies? Private companies are not required to follow GAAP because they generally keep financial information for tax purposes only.

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Washington Financial Statement Businesses