Seattle. It’s home to some of the most successful businesses in the world, like Starbucks, Amazon, Microsoft, and Costco… and for good reason. Now, your business can be headquartered there too!
We are excited to announce that you are now able to get a permanent Stable address and virtual mailbox in Seattle, Washington. Not only is Washington consistently ranked among the best places to start a business, it also has a long history of fostering and building innovative companies.
Learn why Seattle provides a competitive advantage to the more than 250,000 businesses that are registered there:
Washington is one of the few states that does not impose personal or corporate income tax, which can significantly reduce the overall tax burden on both business owners and corporations. Not only does this potentially shorten the time to profitability for a new business, but you’ll be able to reinvest those saved funds into fueling business growth.
Additionally, Washington’s Business and Occupation (B&O) tax is actually much more beneficial than other states for growing businesses. Instead of taxing a business based on its profits (eg. how much money it makes after expenses), Washington taxes based on gross revenue (the amount of money a business gets before expenses are deducted). Simply put, if your business is growing, you won’t have to pay based on how profitable you are, just on your overall revenue. That means more profits kept, and more fuel to improve your business.
On top of the obvious tax benefits, Seattle also provides some useful support services that make it easy to both start and manage a company in the city. The business registration process is simple and straightforward compared to other cities and states, allowing you to spend your time focusing on your business instead of antiquated, bureaucratic procedures.
The city also provides a plethora of support services for entrepreneurs and business owners, including online handbooks and tips, small business support centers, and services to help navigate local regulations — which happen to benefit businesses as well. Seattle’s regulatory environment is flexible, with fewer restrictions on innovation, making it a supportive environment for emerging industries and tech-forward businesses.
If that wasn’t enough, Washington state, as well as the city of Seattle, also provides a plethora of incentives in specific industries that foster innovation and reduce operational costs. The state of Washington Department of Revenue offers over 50 tax incentive programs for businesses, provided your LLC meets specific criteria. Sectors like clean energy, manufacturing and technology can benefit from financial assistance programs, workforce training initiatives, tax credits and funding.
For example, technology companies have the opportunity to take advantage of the High Technology B&O tax credit, reducing their tax liability. All you have to do is work within one of the qualifying industries, like software, biotech or scientific research, and engage in qualified research and development activities.
Our new address is located right in the heart of Pike Place Market, one of the most vibrant and community-driven locales in Seattle. Not only is it the birthplace of Starbucks, it holds a rich history, with over 100 years of businesses calling it home. The market is essentially synonymous with Seattle, and holds a level of prestige and recognition unlike elsewhere in the city.
With Stable, businesses can get a permanent address in Seattle, as well as a virtual mailbox where we will scan mail, deposit checks, forward mail and more. Offboard your mail operations to Stable so your team can regain their time and focus on what matters.
Get started now or set up a call with our team to learn more.
