Washington Certificate of Foreign Limited Partnership
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How to fill out Certificate Of Foreign Limited Partnership?
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FAQ
If you own an LLC or corporation in another state and wish to do business in Washington, you will need to register your foreign business with the proper Washington State agencies. Whether you have an LLC or corporation, the process, the forms and the fees are the same.
A Washington state LLC is a limited liability company formed in or registered to do business in Washington state. This type of business entity provides personal asset protection from business losses and prevents the double taxation of corporations. An LLC combines features of a partnership with those of a corporation.
When you form a Washington LLC, you file a Certificate of Formation with the Secretary of State. This filing legally creates your limited liability company. A Washington Certificate of Formation is a fairly simple form, but it does require specific information about your company and its owners.
Limited liability companies are permitted to engage in any lawful, for-profit business or activity other than banking or insurance. Doing business as an LLC may yield tax or financial benefits. A Corporation* is a legal entity. A corporation has certain rights, privileges, and liabilities beyond those of an individual.
LLC (limited liability company) is more commonly used in the U.S. whereas Ltd. (limited) is more commonly used in the U.K. The differences in types and jurisdictions stipulate the different rules regarding ownership, taxes, and dividends.
A PLLC is an LLC formed by a person or group of people who provide professional services. (PLLC stands for ?professional limited liability company.?) Unlike the members of a regular Washington LLC, the members of a Washington PLLC are required to maintain licenses with the state ing to their profession.
It is also important to consider how your business structure will be taxed. Limited partnerships and limited liability partnerships are taxed as separate entities. An LLC, in contrast, is normally ?disregarded? by the IRS and the Washington Department of Revenue.
An out-of-state corporation is called a foreign corporation and must obtain a certificate of authority from the Washington Secretary of State in order to conduct business in Washington.
