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

Washington State Business and Real Estate Lawyer C. Michael Kvistad | 6/18/2025
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

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

Washington State Business and Real Estate Lawyer C. Michael Kvistad | 6/18/2025
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

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

Washington State Business and Real Estate Lawyer C. Michael Kvistad | 5/20/2025
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 can… Read More