NEW! - The eCityGov Alliance has launched its latest regional web portal designed to make it easier for companies to do business with public agencies. The new Shared Procurement Portal will be utilized by member public agencies to directly notify companies of potential business opportunities with local governments.
The Shared Procurement Portal rosters make the connection between businesses and public agencies more convenient, transparent and faster. The Portal saves time and money because the connection between agencies and businesses can be very targeted and specific to agency need and businesses desire to provide the service or goods. Learn more at www.WaGovBiz.net
enterpriseSeattle's Business Resource Guide contains contact numbers for business planning & development, exporting & trade promotion, licensing & permitting, and workforce issues. Use keywords and industries to find the information you need to build and improve your business.
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Unemployment Insurance
All Washington State employers are required to contribute to the state's unemployment insurance account. In 1985, Washington State adopted an experience rating system that replaced an older, flat-rate system under which all businesses paid the same rate. Now companies are charged in relation to their experience with unemployment -- the lowest rates are assigned to businesses with the lowest unemployment costs. New employers enrolling in the state's unemployment insurance program are assigned the average experience rating for their industry. Company payments are determined by applying a variable rate on all salaries up to a specific unemployment insurance ceiling.
For specific questions on unemployment insurance, contact the Washington State Employment Security Department Tax Branch at The Washington State Employment Security Department or by phone at (206) 545-6518 or (206) 455-7136. |
Industrial Insurance
Employers are categorized by the Department of Labor and Industries into risk classes according to the degree of hazard involved in the job. Each year new industrial insurance rates are established for the various risk categories based upon experience.
Washington is the only state with worker's compensation tax rates based on the hours worked rather than per $100 in wages paid. This means there is not an inflationary increase built into the system when wages rise. Additionally, worker's compensation is not paid for hours the worker is off the job including sick leave, vacation or holiday hours and leaves or absence.
Industrial insurance coverage may be provided in two ways: 1) the state fund, administered by the Department of Labor and Industries; or 2) self-insurance, whereby the employer sets up his or her own industrial insurance and safety program. Employers who meet specific requirements may qualify for self-insurance coverage. Self-insurance coverage requires proof of financial responsibility and the posting of a bond with the State Department of Labor and Industry. The minimum bond is $250,000 and the company must have net assets of at least $3.5 million and a net worth of at least $1 million. While the employer can administer and pay claims out of his or her own account, the claims are monitored by the state.
For specific questions on industrial insurance, contact the Washington State Department of Labor and Industries at http://www.lni.wa.gov/ or by phone at 1-800-423-7233. |
Certificates of Authority to Transact Business
All corporations doing business in the State of Washington and King County are assessed a one-time filing fee and thereafter an annual fee by the Secretary of State. The first-year fee is $175 and annually $59, regardless of the size of the corporation or its capitalization. This fee is referred to as a franchise tax in other states. Corporations may find an annual fee advantageous if the activity carried on the state is associated with managing the affairs of a corporation with many revenue-producing facilities outside of the state, or if the operating research and development facilities do not contribute directly to corporate sales.
To obtain a Certificate of Authority to Transact Business, contact the Washington State Secretary of State, Corporations Division at http://www.secstate.wa.gov/corps/ or by phone at (360) 753-7115 or 1-800-332-4483. |
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