WA Business Law Blog

A Strong LLC Agreement Isn’t Just Paperwork: It’s Protection.

C. Michael Kvistad, Edmonds Lawyer
C. Michael Kvistad
Jun 18, 2025
Kahn v. Warburg Pincus, LLC: A Wake-Up Call for LLC Owners On April 30, 2025, the Delaware Court of Chancery issued a decision in Kahn v. Warburg Pincus, LLC, C.A. No. 2024-0523-LWW (April 30, 2025). The case highlights how powerful LLC Agreements can be—and how majority members can use them to shape deals in their… Read More

Why Sole Proprietors in Washington Must Act Now to Protect Their Assets

C. Michael Kvistad, Edmonds Lawyer
C. Michael Kvistad
Jun 18, 2025
Running a business in Washington without liability protection is like sailing stormy seas without a lifeboat. Without a clear divide between your personal and business finances, you face serious financial risk. Forming a Limited Liability Company (“LLC”) creates a layer of protection that sole proprietorships simply can’t match, shielding your personal assets from business-related liabilities.… Read More

An Organized Approach to Buying or Selling a Business

David C. Tingstad, Edmonds Lawyer
David C. Tingstad
Jun 9, 2025
Most small business owners are not familiar with the process associated with buying or selling a business. The process is comprised of four general steps: conversation, letter of intent or term sheet, contracts and closing. Conversation and Confidentiality The first step in the process is the initial conversation between the buyer and the seller, which… Read More

How Movie Theaters and Meme Stocks Can Help You Think About Business Insurance

C. Michael Kvistad, Edmonds Lawyer
C. Michael Kvistad
May 20, 2025
In AMC Entertainment Holdings, Inc. v. XL Specialty Insurance Company, No. N23C-05-045 MAA CCLD, 2025 Del. Super. LEXIS 84 (Del. Super. Ct. Feb. 28, 2025), the Delaware Superior Court ruled that AMC’s stock-based settlement counts as a covered “Loss” under its Directors & Officers (“D&O”) liability insurance policy. This case shows how complex insurance coverage… Read More

What Is a Delaware Series LLC—and Why Washington Business Owners Should Care

C. Michael Kvistad, Edmonds Lawyer
C. Michael Kvistad
May 20, 2025
If you’re running a business with multiple ventures, real estate properties, or revenue streams, you’ve probably wondered how to protect each part without forming a dozen separate LLCs. That’s where the Delaware Series LLC comes in—a flexible, cost-effective structure that’s gaining traction across the country, including in Washington. A Quick Overview: What Is a Delaware Series LLC?… Read More

Best Practices – Washington Business Partner Buyouts

Caleb J. Tingstad, Edmonds Lawyer
Caleb J. Tingstad
Apr 29, 2025
When a business partner wants out, things can get emotional—and messy—fast. But with the right planning and paperwork, small business owners in Washington can navigate a buyout without burning bridges or leaving legal loose ends. Whether you're buying out a longtime friend or parting ways with a co-founder, here are four key things to get… Read More

This Delaware Case Could Impact Your Choices for Insurance Coverage

C. Michael Kvistad, Edmonds Lawyer
C. Michael Kvistad
Apr 21, 2025
AMC Entertainment Holdings, Inc. v. XL Specialty Insurance Company, No. N23C-05-045 MAA CCLD, 2025 Del. Super. LEXIS 84 (Del. Super. Ct. Feb. 28, 2025). In a significant ruling concerning corporate insurance policies, the Delaware Superior Court decided that AMC Entertainment Holdings, Inc.’s stock-based settlement qualifies as a covered “Loss” under its Directors & Officers (“D&O”)… Read More

Corporate Transparency Act Ends Reporting for US Entities/Citizens

David C. Tingstad, Edmonds Lawyer
David C. Tingstad and Andrew J. Tingstad
Apr 2, 2025
After all the back and forth, finally, the Corporate Transparency Act (“CTA”) ping pong match is over. On March 26, 2025, the US Department of Treasury, along with the Financial Crimes Enforcement Network (“FinCEN”), published their interim rule solidifying CTA compliance obligations on the Federal Register (found here) (the “Interim Rule”). The Interim Rule provides… Read More

Decoding Deeds: A Guide to Property Transfers in Washington

C. Michael Kvistad, Edmonds Lawyer
C. Michael Kvistad
Mar 25, 2025
Deeds are an essential part of buying, selling, or otherwise transferring real estate. They are legal documents that facilitate the transfer of property ownership. In Washington, there are three primary types of deeds: the statutory warranty deed, bargain and sale deed, and quitclaim deed. Each type of deed carries different levels of protection for the… Read More