Recent News

The webinar covered the following: Understand the recent changes and additions to Washington’s LLC Act.LLCs are far and away, the most used legal entity in Washington and across the country. In 2016, Washington adopted a new limited liability company act (the 'Act'). The Act made substantial changes to existing Washington law such that any practitioner… Read More

The IRS estimates that 25% of all LLCs consist of two members. Care should be taken to draft an LLC Agreement to avoid a deadlock between the members or managers. In Washington, our new default rule for voting of members is on a per member basis regardless of how much capital a member contributes. As… Read More

In my earlier blog posting, titled “Should you put your primary residence in an LLC?”, I discussed my opinion that one of the rationales for not transferring your principal residence into an LLC was a likelihood that the homestead exemption would not apply.  By statute, a “homestead” provides an exemption from creditors for up to… Read More

Beresford Booth partner David C. Tingstad presented "LLC Updates -- New LLC Regulations that took effect January 2016" at Washington State Bar Assocation's Senior Lawyers Section Conference CLE Event titled "The Changing Landscape 2016." The event took place on May 6th 2016 and featured speakers on:       Bias in the justice system Title… Read More

The New Washington LLC Act is presented in partnership with the WSBA Business Law Section on Tuesday, January 26, 2016, at The WSBA Conference Center in Seattle, WA. Are you up to speed on the significant changes to the law governing Washington LLCs under the new LLC Act, effective January 1, 2016? Did you know,… Read More

Beresford Booth managing partner David C. Tingstad recently had his article on Washington State's new LLC Act published in the American Bar Association's (ABA's) LLC & Partnership Reporter November 2015 edition.  Here is the full text of David's article: After initially considering the Uniform Law Commission’s Revised Uniform Limited Liability Company Act (“RULLCA”), Washington's Partnership and… Read More

Beresford Booth managing partner David C. Tingstad will contribute to a webinar panel organized by the American Bar Association on Thursday, June 25, 2015. The panel will be a 90-minute course detailing the “World’s Best LLC Checklist,” originally written by several of the panelists to ensure that LLCs fit the parties’ needs and legal requirements.… Read More

Snohomish County Washington, located north of Seattle and south of Skagit county, features more than 2,000 square miles of dense forest, mountain wilderness, bountiful farmland, beautiful beaches and, of course, impressive urban development. In the last few years, the abundance of Snohomish County real estate growth has filled a variety of areas in the county with… Read More

While you probably know about the “just cause” eviction restrictions in Seattle, you may not know about a new Seattle Ordinance pertaining to rental property. If you own a residential rental property in Seattle, then you’ll want to pay attention to the new Rental Registration and Inspection Ordinance (“RRIO”) . RRIO requires landlords to register all… Read More