Washington Small Business Startup Package for Sole Proprietorship

Category:
State:
Multi-State
Control #:
US-P105-PKG
Format:
Word; 
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PDF
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Description

The package is designed to assist a sole proprietor in running a small business by providing a large selection of necessary and commonly used forms at a greatly reduced price. The forms provided are valuable tools to ensure the smooth operation of typical business affairs. Purchase of this package is a savings of over 75% off the price compared to purchase of the forms individually!


The documents in this package include the following:


Profit and Loss Statement - This is a general Statement of Profits and Losses for a company. It lists in detail, all profits, or gains, as well as all losses the business may have suffered. This form can be used by any type of company, whether a corporation or a sole proprietor.



General Trademark License Agreement - This form is a Trademark License Agreement. The licensor is the owner of certain trademarks and the licensee desires to use the trademark on the terms and conditions set forth in the agreement. The licensor agrees to grant to the licensee an exclusive worldwide right and license to use the trademark in connection with the licensee's product.



Noncompetition Agreement - Small Business - This agreement is entered into by a seller and a buyer. Seller covenants and agrees that seller will not engage directly or indirectly in any business competitive with the business buyer is purchasing from seller within a certain number of miles of the nearest city limit.



Purchase Invoice - This is an invoice form that may be used by a business to keep accurate and detailed records of a transaction.



Purchase Order - This is a purchase order form that may be used by a business to keep a record of a sales transaction. Provisions for shipping details may be included.



Employment Application - General - This form is an Employment Application. The form provides that applications are considered without regard to race, color, religion, or veteran status.


Drug Testing Policy Disclosure and Consent Form - This form explains the drug testing policies of a particular company and includes a consent form.



Employee Permission to Do a Background Check - This is a form signed by an employee or prospective employee granting an employer permission to do a background check.



Employment Position Announcement - This form is a business type form that is formatted to allow you to complete the form using Adobe Acrobat or Word. This form allows an employer to announce that applicants for a position with the company are being sought.



Job Invoice-Short - This form is a job invoice form. It contains provisions for a job description, starting date, completion date, date and hours worked, list of materials and costs, and an itemized statement of total due for materials, labor, and other.



Employment Agreement - General - This form is used when an Employee agrees to be employed by Employer, and the Employer agrees to employ the Employee, for the purpose of performance by and on behalf of Employer services as may be reasonably requested from time to time by the Employer. The agreement contains provisions for compensation, confidentiality, non-competition and breach of contract.



Employment Agreement with Covenant Not to Compete - This form is used when an Employee agrees to be employed by an Employer, and the Employer agrees to employ the Employee, for the purpose of performance by and on behalf of the Employer as may be reasonably requested from time to time by the Employer. This agreement contains a covenant not to compete clause.



Self-Employed Independent Contractor Employment Agreement General - A company agrees to hire a contractor to perform work on the terms and conditions set forth in the agreement. The contractor agrees that all financial and accounting records will remain the confidential property of the company. The form also provides that the company will reimburse the contractor for all reasonable and necessary expenses incurred by the contractor with the performance of his/her duties.



Secrecy, Nondisclosure and Confidentiality Agreement by Employee or Consultant to Owner - The first party has possession of proprietary information and know-how relating to an idea, product or service, and wishes to employ the second party but desires that the second party agree not to disclose information learned by second party during such employment. Both parties agree that all information, ideas, products or services, processes, written material, samples, models and all other information of any type, whether written or oral, submitted to the second party by the first party is now, and will remain, the property of first party.


Consultant Agreement - This form is a Consultant Agreement for use with consultants exposed to commercial trade secrets or other confidential information as part of their work with a business.


Internet Use Policy - This agreement is to be signed by an employee upon the request of a company concerning the proper uses of internet access. The agreement defines acceptable uses and states that the inappropriate use of the Internet may lead to denial of access or other action by the company.


Also included in this package are: Employment Termination Agreement, Cash Disbursements and Receipts, Check Request, Daily Accounts Receivable, Yearly Expenses by Quarter, Petty Cash Form and Purchasing Cost Estimate

The Washington Small Business Startup Package for Sole Proprietorship is designed to provide comprehensive support and guidance for individuals looking to start their own small business in the state of Washington. This package includes a wide range of resources, tools, and services that cater specifically to sole proprietors. 1. Business Registration: One important aspect of starting a small business in Washington is the registration process. The startup package includes assistance with registering the sole proprietorship, ensuring that all legal requirements are met and necessary paperwork is completed. 2. Licensing and Permits: Depending on the nature of the business, certain licenses and permits may be required. The package helps sole proprietors navigate through this process, providing guidance on the necessary licenses and permits specific to their industry and helping them obtain them. 3. Business Plan Development: A solid business plan is crucial for any small business startup. The package provides resources and templates to help sole proprietors create a well-structured and comprehensive business plan that outlines their goals, target market, financial projections, and marketing strategies. 4. Tax Consultation: Sole proprietors have specific tax obligations, and it is essential to have a clear understanding of these responsibilities. The package includes professional tax consultation services, guiding sole proprietors through the complexities of tax regulations and helping them comply with all tax requirements. 5. Bookkeeping and Accounting Support: Maintaining accurate financial records is vital for the success of any business. The package offers guidance and tools to help sole proprietors set up an effective bookkeeping system, track income and expenses, manage cash flow, and understand basic accounting principles. 6. Marketing and Branding: Establishing a strong brand and effectively marketing products or services are essential for attracting customers. The startup package includes guidance on branding strategies, marketing techniques, and online presence development to help sole proprietors create a compelling brand image and reach their target audience. 7. Business Development Resources: The package provides access to a plethora of resources, such as workshops, seminars, and networking events, which enable sole proprietors to enhance their knowledge and skills in various aspects of business development. These resources empower entrepreneurs to stay updated with the latest trends and best practices in their industry. Washington Small Business Startup Package for Sole Proprietorship is designed to be an all-inclusive solution, catering to the unique needs and challenges faced by sole proprietors. By offering a comprehensive range of services, resources, and support, this package aims to increase the chances of success for startup ventures and set them on the path towards long-term growth and sustainability.

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FAQ

To obtain applicable licensing and register a business in Washington State, you'll need to follow these basic steps: Register your business with the Washington Secretary of State. ... Obtain an EIN. ... Obtain licenses and permits. ... Register for taxes. ... Comply with labor laws. ... Explore your insurance options.

There is no fee to register a sole proprietorship. Your liability with this business organization type is unlimited. You also need to register for sales and service tax. It's the easiest type of business to set up because you don't need to file with the state like you do with an LLC or corporation.

The filing fee is $20, which is a processing fee of $15, plus $5 to register a trade name. If you filed formation papers with the Secretary of State, write the Unified Business Identifier (UBI) number that was given to you on your Business License Application.

Disadvantages of a sole proprietorship Owner liable for all debts and obligations. Unlimited personal liability. Sole responsibility for capital contributions. Difficulty securing capital investments. Higher tax rates compared to other models.

Almost all businesses in Washington are subject to the state B&O tax. This includes corporations, LLC's, partnerships, and sole proprietorships. The B&O tax is a gross receipts tax on the business. It is measured on the value of products, gross proceeds of sale, or gross income of the business.

You need a license if you meet one or more of the following criteria: Your business requires city and state endorsements. You are doing business using a name other than your full name legal name. You plan to hire employees within the next 90 days.

(3) "Small business" means any business entity, including a sole proprietorship, corporation, partnership, or other legal entity, that is owned and operated independently from all other businesses, and that has fifty or fewer employees.

In Washington, every business must obtain a general business license through the Secretary of State's office. This includes independent contractors and sole proprietorships.

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To form a corporation, you must file with the Washington Secretary of State and you must create a governance document—which, in this case, would be bylaws. If the business structure is a sole proprietorship or general partnership, you may need the following documentation to complete a business license application:.Contact information for each licensing requirement. Next steps and forms needed to apply for your Washington State Business License. Ownership structure. If you want your corporation to be treated as an S-corporation, complete Form 2553 – Election by a Small Business Corporation within 75 days of forming your ... To set up a business as a Sole Proprietorship or other non-corporate entity, file for a Washington State Business License with Business Licensing Service ... To start a sole proprietorship in Washington, you'll need to register your business name, apply for the required licenses and permits, and obtain an EIN. Washington (Domestic) Corporation ... If you're ready to start your business, you need to apply for your business license. Complete the Business Licensing Wizard ... Sole Proprietorships are owned by a single person or a married couple. These businesses are inexpensive to form and there are no special reporting requirements. Jun 23, 2023 — Washington state requires all businesses to register for taxes. And you apply for a DBA through the Business License Application, as well. You ... Aug 22, 2023 — Step 2: Choose the Right Type of Business Entity ... Next, you'll need to decide the best type of legal structure for your Washington business.

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Washington Small Business Startup Package for Sole Proprietorship