Washington DC is a very important area of the United States, and for obvious reasons. This is the Capital of the US, and where the White House is located and the President lives. It is not a large area of land, however, one that is very important. With that said, it is a place where many businesses choose to register their businesses, especially if this is where they are physically located and where their business is located and operates.
Form an LLC in Washington DC
The District of Columbia is an exciting place to live and conduct business. If you have any questions about whether you should file for an LLC in DC, hopefully we can answer some of these questions for you. Here are some reasons that people file in DC for an LLC:
Limited liability protection: This will grant the members, or owners, a distinct separation between the business assets and personal assets. This is a great benefit for some businesses.
Pass through taxation - This tax status will keep you away from double taxation. This is exactly as it sounds, where you can get taxed as a business owner twice for the same income. You can possible avoid this double taxation by filing an LLC or S-corp.
Investors - You can attract investors more easily by have a professional registration.
Incorporation in DC
The corporation structure is dynamic and exciting because you have two options to choose from for your tax status. Here are the general steps that you will need to follow:
You will need to have an available and distinguishable name.
You will need to supply a business address and mailing address.
Next, you need a the name and address of a registered agent, this is a person who is willing to accept mail on behalf of the company.
You'll need share information and the class of shares.
You will need to have the articles signed and dated by an incorporator.
Follow these general tips, as you start to think about incorporating in the DC area.
Online Business Portal
The online business portal in Washington DC is a hub where a business owner can go to complete a lot of things. First they can do a business name search, they can register a business online, file for an LLC, or incorporate. This hub is where a lot can be accomplished, so be sure to check it out.
