WA Business Law Blog

In the state of Washington, converting an entity from one type of entity to another is a relatively new concept. At one time, to change an entity into another form of entity required the formation of a second entity (the entity intended to be the final, resulting entity), then merging the existing entity into the… Read More

In a welcome sign for sellers of privately-held businesses, the outlook for mergers and acquisitions (“M&A”) in the Pacific Northwest Region is strong to begin the year. There are several reasons for rosy outlook. Interest, Inflation and Performance have Stabilized Phil Brzytwa, an M & A intermediary at Exit Equity (https://exitequity.com), has an upbeat view… Read More

Recently, obligatory compliance with the Corporate Transparency Act (“CTA”) turned into the judiciary’s version of a sitcom relationship: the penultimate “will they or won’t they.” As you may recall, on December 3, 2024, the Eastern District Court of Texas issued a nationwide preliminary injunction of both the CTA and its respective implementation regulations (the “Reporting… Read More

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

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

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

On December 3, 2024, both the Corporate Transparency Act (“CTA”) and its respective implementation regulations (the “Reporting Rule”) imposed by the Financial Crimes Enforcement Network (“FinCen”), were preliminarily enjoined nationwide by the Eastern District Court of Texas in Texas Top Cop Shop, Inc., Et Al., v. Merrick Garland, Et Al., Cause No. 4:24-CV-478. What This… Read More

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

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