Washington LLC Operating Agreement

While Washington doesn't mandate an operating agreement by law, having one is strongly recommended for every LLC. An operating agreement establishes your LLC's internal governance and is typically required by banks to open a business account.

Washington has no personal state income tax. However, Washington does impose a Business and Occupation (B&O) tax on gross receipts. The rate varies by business type, typically ranging from 0.471% to 1.5%.

Washington requires LLCs to file an annual report by the last day of the month in which the LLC was formed. The filing fee is $60. Late filings incur additional penalties.

Yes. Our operating agreements are accepted by major banks including Mercury, Chase, Bank of America, and others. The document includes all standard provisions banks look for: member information, ownership structure, and authorization for banking activities. Thousands of our clients have successfully used our agreements to open US bank accounts.

Yes, operating agreements can be amended at any time with the consent of members as specified in the original agreement (typically majority or unanimous approval). Common reasons for amendments include adding or removing members, changing ownership percentages, modifying profit distributions, or updating management structure.

In a member-managed LLC, all members participate in daily business decisions. In a manager-managed LLC, designated managers (who may or may not be members) handle operations while other members are passive investors. Our operating agreement lets you choose either structure and clearly defines the rights and responsibilities of each role.