News Category: Business
FINCEN Filings Terminated
Per the U.S. Treasury Department announcement below, FinCEN is now dead except for some limited foreign entity reporting. Despite the many turbulent things happening in the U.S. government right now, this still came out of left field and is a bit surprising. We all know, however, that the political pendulum swings and suspect that, eventually,
Pre-Litigation Mediation, Is it For You?
In today’s complex litigation landscape, many individuals and businesses are turning to alternative methods to resolve disputes as a way to avoid the time, expense, and unpredictability of traditional lawsuit. Pre-litigation mediation has emerged as one method to resolve disputes before initiating a lawsuit. Engaging in pre-litigation mediation involves working with a neutral third-party mediator
Contractors Must Provide Pre-Notice Disclosure Before Recording a Lien
Liens provide a means of recourse for contractors, subcontractors, and suppliers who have not been paid. In Washington, there are specific disclosure requirements that must be met before a licensed and registered contractor is able to record a valid mechanic’s lien for work performed on residential real property. It is imperative that both contractors and
2025 Washington Employment Law Update – Minimum Wage, Exempt Employees, and Noncompete Updates
Minimum Wage Beginning on January 1, 2025, the minimum wage in Washington will go up to $16.66 per hour, up 2.35% from 2024. In addition to the statewide minimum, various cities and counties have a dizzying array of higher minimum wages based on differing standards. City or County 2025 Minimum Wage Notes Seattle $20.76 SeaTac
The Rules of Washington Noncompetition Agreements Have Changed
As of June 2024, the legal parameters of Washington noncompetition agreements were refined by the passing of Substitute Senate Bill 5935. The bill, which passed by the Legislature in February and was signed into law by Governor Jay Inslee in March, took effect on June 6, 2024. Amending five provisions of RCW 49.62, the new
Judgment Collection: Using Charging Orders to Acquire LLC Membership Interests
Judgment creditors often encounter challenges when trying to collect a debt when a debtor’s assets are held in a limited liability company (LLC), as opposed to assets held directly in the debtor’s name. However, creditors have legal remedies available to address this situation. One useful remedy is a charging order, a legal tool codified under
Real Estate Conveyances: Which Deed is Right for Me?
When considering whether to enter into a contract to buy or sell property, you may come across various types of deeds by which title may be transferred. In Washington State, there are three common types of deeds that may be used: a statutory warranty deed, a bargain and sale deed, and a quit claim deed.
Changes to Commercial Guarantees in Seattle
Landlords that lease commercial property in Seattle need to be aware of major changes to the Municipal Code. Seattle recently enacted Ordinance 126982, which introduces significant regulations for commercial property lessors within the City. Here’s what you need to know: The ordinance went into effect on January 29, 2024, and has been codified into Seattle
Eight Things to Consider if You Want to Sell Your Business
Selling a business is a significant milestone. Whether you’re moving on to new ventures, retiring, or simply cashing in on your hard work, the process involves more than just finding a buyer and cashing a check. Selling your business is a complex process that requires careful planning, due diligence, and legal consideration. Here are a
The Nuts and Bolts of Appeals: Preservation, Prejudice, and Presentation
Why Appeal at All? People appeal their case because they want a better outcome then what they received at trial. Maybe that means that the appealing party lost a jury verdict, or felt that they didn’t “win” enough at trial. Perhaps someone in a divorce trial receives 55% of the assets but no spousal support