WA Business Law Blog

How Easements are Created

Joshua G. Curtis Edmonds Lawyer
Joshua G. R. Curtis
Dec 31, 2024
An easement is a legal right for a person to use the real property of another person.  Often an easement could be for a driveway and utilities, but it can also be for a well, septic drain fields, water lines, etc.  Most easements are voluntarily created, but there are some situations in which an easement… Read More

Antio, LLC v. Department of Revenue – Deducting Investment Income

C. Michael Kvistad, Edmonds Lawyer
C. Michael Kvistad
Dec 30, 2024
The Washington Supreme Court, in a recent 7-2 decision, upheld a trial court's ruling in favor of the Department of Revenue (“DOR”), denying deductions for investment income claimed by 16 related LLCs. Antio, LLC v. Dep't of Revenue, 557 P.3d 672 (Wash. 2024). Antio highlights the complexities of tax law and the importance of statutory… Read More

Texas District Court Imposes Preliminary Injunction on Corporate Transparency Act and FinCEN Regulations

David C. Tingstad, Edmonds Lawyer
David C. Tingstad and Andrew Tingstad
Dec 4, 2024
On December 3, 2024, the United States District Court for the Eastern District of Texas imposed a nationwide preliminary injunction on both the Corporate Transparency Act (“CTA”) and its respective implementation regulations (the “Reporting Rule”) imposed by the Financial Crimes Enforcement Network (“FinCen”). See Texas Top Cop Shop, Inc., Et Al., v. Merrick Garland, Et… Read More

LOIs for Business Transactions

C. Michael Kvistad, Edmonds Lawyer
C. Michael Kvistad
Nov 19, 2024
Understanding Letters of Intent When Buying or Selling a Business In the world of business and legal transactions, a Letter of Intent (“LOI”) serves as a crucial document that outlines the preliminary understanding between parties before finalizing a formal agreement. When navigating a potential deal, understanding the nuances of LOIs is essential. This blog post… Read More

How Do You Describe Personal Property Collateral?

Per E. Oscarsson, Edmonds Lawyer
Per E. Oscarsson
Oct 30, 2024
When a security interest in personal property such as equipment, inventory, goods, or rights to payment, etc. (“collateral”) is to be used to secure payment or performance of an obligation such as a loan, various documents can be involved. A security agreement is used to grant the security interest. The document granting the security interest… Read More

LLCs 101 Part 3: Creating and Protecting LLCs

C. Michael Kvistad, Edmonds Lawyer
C. Michael Kvistad
Oct 22, 2024
Section A: Forming an LLC Filing and maintaining an LLC in Washington involves several important steps to ensure compliance and successful operation. This post, Part 3, Section A, is a brief primer on forming and maintaining an LLC. The next and final post in this LLCs 101 series will discuss steps you can take to… Read More

The Consumer Financial Protection Bureau is Worried About Predatory Sales Through a “Contact for Deed.”

Joshua G. Curtis Edmonds Lawyer
Joshua G. R. Curtis
Oct 1, 2024
Coming out of the Great Recession, Congress and the Consumer Financial Protection Bureau (“CFPB”) created safeguards to protect borrowers from predatory loans or loans that they could not afford to repay.  With a few exceptions, these new laws governed all loans to purchase a primary residence.  The laws required lenders to make certain disclosures and… Read More

Making Sure To Have Consistency in Transaction Documents

Per E. Oscarsson, Edmonds Lawyer
Per E. Oscarsson
Sep 30, 2024
To reduce the risk of issues arising with the substance of documents involved in a transaction, whether it be a single document or multiple documents, it is important to try to achieve substantive consistency in the documents. This means consistency in the treatment of various subjects to be addressed in the document(s) as well as… Read More

Identifying Governors for Annual Report Filing

C. Michael Kvistad, Edmonds Lawyer
C. Michael Kvistad
Sep 13, 2024
Understanding Governors in Washington State Entities Filing an annual report with the Washington Secretary of State (“SOS”) is a crucial requirement for business entities like LLCs and corporations. This report provides essential information about the entity, its owners, and its registered agent. One specific detail it requires is a listing of the “governors.” RCW 23.95.255(1)(e).… Read More