News Category: Business
What Does the Corporate Transparency Act Mean to Me and My Business?
***UPDATE: Per the U.S. Treasury Department announcement, FinCEN is now dead except for some limited foreign entity reporting. See post at FINCEN Filings Terminated for additional information.*** A few years ago, Congress passed the Corporate Transparency Act, 31 U.S.C. 5336 (“CTA”), which established certain required information filings with the U.S. Treasury Financial Crimes Enforcement Network
Washington State Paid Sick Leave Updates for 2024
Paid sick and other leave benefits are changing in 2024. Construction workers, other than workers solely working in residential building construction, who do not reach the minimum 90 days of employment with a particular employer to be eligible to use paid sick leave will now be paid their accrued, but unused sick leave benefits following
Interested in an Accessory Dwelling Unit in Washington State? Be Sure to Research the Regulations for Compliance
In recent years, the interest in Accessory Dwelling Units (ADUs) has grown exponentially in response to housing shortages and affordability issues. The regulatory landscape for ADUs is dynamic and can be affected by changes at local, state, and/or federal levels. It is crucial for property owners and builders to be informed about the latest requirements
Concerned About Collecting Against a Shifty Debtor? Prejudgment Writs of Attachment in Light of Changes in the Law and RCW 6.25.030
Collecting against an insolvent debtor (i.e., defendant) creates issues and places pressure on the creditor (i.e., plaintiff) to secure the debtor’s assets while final judgment in a lawsuit is pending. Oftentimes there is a concern that the debtor is secreting/moving assets or not maintaining assets prior to or during the pendency of the lawsuit, to
The New Exception to Washington Landlord-Tenant Relationships and Leaseback Agreements
A Leaseback Agreement or a “rentback agreement” is an agreement between a buyer and seller of a property that permits the seller to continue living in the property for a period while paying rent to the buyer. Leaseback agreements are usually short-term arrangements that provide sellers with additional time to move out of the property
Breaches of Fiduciary Duties in Closely Held Companies
In Washington State, closely held companies are those in which the ownership is concentrated among a small number of shareholders. These companies may also be family-owned or held by a group of individuals who have a relationship with one another beyond just being co-owners. While these companies may have a different dynamic than public corporations,
Legal Concerns of Real Estate in the Metaverse: Navigating the Virtual Frontier
The concept of the metaverse, a virtual world where users interact with digital environments and each other in immersive ways, has gained significant attention in recent years. With advancements in virtual reality (VR) and augmented reality (AR) technologies, the metaverse is becoming more accessible and has the potential to revolutionize various industries, including real estate.
Your AI Can Testify Against You: The AI Revolution Comes to the Court of Law
On February 2, 2023, Microsoft released a brand-new suite of features for its popular Microsoft Teams platform under the moniker “Microsoft Teams Premium.”[1] One of the standout features of this premium service is “Intelligent Recap,” a software feature powered by the headline-news-generating ChatGPT AI system. Using ChatGPT, Intelligent Recap will “automatically generate[]meeting notes, recommended tasks,