As you may or may not be aware, the Corporate Transparency Act (the “CTA”) was passed in 2021 as part of the National Defense Authorization Act to combat money laundering. Its rules were finalized in September of 2022 and will become effective on January 1, 2024. The CTA is a very broad law requiring business entities to disclose their “Beneficial Owners” to the Financial Crimes Enforcement Network (“FinCen”) unless they fall under certain limited exemptions. This policy is being administered by the U.S. Treasury Department.

Embarking on the entrepreneurial journey of launching a Limited Liability Company (LLC) in Washington is an exciting endeavor, but it comes with its fair share of administrative responsibilities. One vital element in the process is the appointment of a registered agent. In this article, we'll explore the significant ways in which a registered agent can assist in the smooth establishment and ongoing compliance of your LLC in the state of Washington.