Washington Self-Employed Business Development Executive Agreement

State:
Multi-State
Control #:
US-INDC-230
Format:
Word; 
Rich Text
Instant download

Description

Employer hires a business development executive on an independent contractor basis to provide development services for employer as specified in the contract.
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  • Preview Self-Employed Business Development Executive Agreement
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FAQ

Registering a Washington State DBA (doing business as), also known as a trade name, is a simple process that you complete with the Department of Revenue's Business Licensing Service. A DBA won't protect your personal assets. Forming an LLC is the best choice for most small businesses.

If you want to be an employee of your own LLC and receive wages from your business, the way to do it is to have an LLC that is treated as a corporation for tax purposes. A corporation, unlike a sole proprietorship, is a legal entity separate from its owners or shareholders.

Washington law requires all businesses file a DBA when they are using a name other than their legal name (the name used to form the business). Getting a DBA also allows a business to open bank accounts, enter into contracts, and otherwise use the new name to operate the business.

Is DBA and sole proprietorship the same? Technically speaking, no. A sole proprietorship is a legal structure (like LLC or Corporation), and a DBA is not. A DBA is a legal requirement to operate your business with a trade name or a pseudonym different from your registered legal name.

To add DBA to LLC Washington State, you must submit your application to the State Business Licensing Service, along with the prescribed filing fee. Obtaining a DBA, or Doing Business As, allows you to conduct business in a separate name than your own legal name.

Small business owners often talk about "working for myself," but in some cases it's literally true: You can own the company but legally be your own employee.

5 Steps to Setting Up a DBA for Your LLCDecide on a Business Name for Your DBA.Register the DBA Name You Want to Use.Secure Any Business Licenses or Registration Needed.Publish Notice of Your New DBA.Consider Trademarking Your DBA Name.

DBA is an acronym that stands for doing business as." A DBA is a way of giving your business, or a portion of your business, a name different from its registered name. While it doesn't provide the protections other legal business entities do, a unique DBA name can help brand your company.

Generally, an LLC's owners cannot be considered employees of their company nor can they receive compensation in the form of wages and salaries. Instead, a single-member LLC's owner is treated as a sole proprietor for tax purposes, and owners of a multi-member LLC are treated as partners in a general partnership.

A UBI number is a nine-digit number that registers you with several state agencies and allows you to do business in Washington State. A UBI number is sometimes called a tax registration number, a business registration number, or a business license number. Use the Business License Application to apply for a UBI number.

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Washington Self-Employed Business Development Executive Agreement