Seattle, WA asked in Tax Law for Washington

Q: Does my WA LLC need to register for a state tax ID if we won't be making any gross income?

I have registered a WA state LLC just recently, and will be working with 1 other colleague. I have also obtained a federal tax ID.

However, we won't be making any money for a while. Is it necessary to get a state tax id if we will not have any gross income? I know washington has a B&O tax, but not really sure how that applies to a start-up software company that hasn't made any money.

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1 Lawyer Answer
David Ostrove
David Ostrove
  • Tax Law Lawyer
  • Los Angeles, CA

A: The State of Washington probably requires an annual report from your LLC and an annual fee of $71.00

You should consult a State of Washington Lawyer when you set up an entity such as an LLC.

The profits and losses of your LLC pass through your LLC to the owners of you LLC.

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