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Business in Washington

1.What are the key steps to forming a business as a legal entity in the State of Washington? Please list and briefly describe the key steps. 2.Our guest speaker on June 26, 2018 spoke about a “shotgun” clause in a partnership agreement. Please define, in your own words, what this clause means. 3.What is the difference between these types of businesses? Please define and explain the pros and cons of each. Please use bullets when highlighting these pros and cons Corporation
Limited Partnership Limited Liability Company Limited Liability Partnership 4. What is a Speciality License? Give examples of three types of businesses that require them. Please find and paste a URL of a Washington company that fits each type of business category that requires a Specialty License.

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