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Starting October 1: Some business services are now subject to retail sales tax, as required by state law, ESSB 5814. When you buy these services, vendors should add sales tax to your bill. If you sell these services, you should begin collecting retail sales tax. Learn more about Services newly subject to retail sales tax.
Registrations and filings required for businesses - Department of Financial Institutions
- Franchise Broker Registration
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Purpose
To allow a franchise broker to transact business in Washington State. Directly or indirectly engaging in the business of the offer or sale of franchises.
How to submit
File the application with the Securities Division, including the required fee.
Processing time
Within 15 days.
Fees
$50 - Initial registration
$25 - Annual renewalLicense renewals
Valid for one year.
- Mortgage Broker License
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Purpose
Required for any company that for compensation or gain, or in the expectation of compensation or gain: (a) assists a person in obtaining or applying to obtain a residential mortgage loan or (b) holds itself out as being able to assist a person in obtaining or applying to obtain a residential mortgage loan or engages in third party processing or underwriting.
How to submit
Must apply through a nationwide licensing system.
Processing time
25 days
Fees
$901 - Application
$36.25 - Fingerprint card processing
$15 - Credit report
$530 - RenewalLicense renewals
License must be renewed annually on or before Dec. 31.
- Securities Registration by Coordination Permit
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Purpose
Allows the offer or sale of any securities in an offering that is registered federally and that is not of a federal covered security or an exempt securities offering.
How to submit
File the application with the Securities Division, including the required fee.
Uniform Application to Register Securities
Options for Raising Capital through a Securities Offering in WashingtonProcessing time
10 business days assuming SEC effective and no proceeding pending; per RCW 21.20.190.
Fees
$100 for first $100,000 offered in this state plus 1/40th of 1% of the amount over $100,000 offered in this state.
License renewals
Valid for one year.
- Trust Company Charter (Registration)
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Purpose
Allows the operation of a state chartered trust company.
How to submit
The application process is comprehensive and somewhat lengthy. It is important for the Division of Banks to gather a significant amount of information to ascertain whether the proposed new trust company could be successful.
Processing time
Minimum 120 days.
Fees
There is an hourly charge based on time it takes to review and investigate the application
License renewals
None
