Recent News

In 1967, Washington enacted the Washington Nonprofit Corporation Act, Revised Code of Washington (“RCW”) Chapter 24.03. After several years of review and study, Washington enacted a new Washington Nonprofit Corporation Act, RCW 24.03A. The new act became effective January 1, 2022. RCW Chapter 24.03 was repealed effective that date. The new act applies to all… Read More

February 3rd, 2022 Per Oscarsson and Eli Yim answer 3 common questions about easements. Read More

Beresford Booth Partner Bill Kessler and REAPS (Real Estate Association of Puget Sound) present 1031 Exchanges, DSTs, and real estate pitfalls. Read More

In our capitalistic system, the law generally favors freedom of individuals and entities to enter into contracts as they see fit.  Most of the time, when someone breaches a contract, we consider such an event the product of the breaching party’s free choice, and the only liability flowing from the breach is that of the… Read More

In his 1962 State of the Union address, President John F. Kennedy sagely advised that “the time to repair the roof is when the sun is shining.” He didn’t live in Seattle. There is no doubt his advice—the promotion of planning and preparation—was well-intentioned and sound, but it isn’t always practical to wait for a… Read More

The sale of real property involves a variety of different forms of financing and purchase.  In the Washington State real estate market, all cash offers have become more common, and of course, many prospective purchasers seek out lending opportunities through banks and mortgage companies.  A less common, but sometimes very effective tool for the right… Read More

As a New Year’s treat, this week’s post will be a twofer. We will now discuss Yakuel v. Gluck, a convoluted case involving the entity Agency Within LLC (hereby referred to as the “Company”). The Company’s Shareholder and LLC Agreements priced a buy-out option subject to the “final and binding” determination of a third-party appraiser,… Read More

January 6th, 2022 Attorney David Tingstad and Caleb Tingstad discuss triggering and valuation methods in the context of buy sell agreements. Read More

Buy-sell provisions are a significant portion of owner agreements for any closely held business. In the past, we have discussed the Shotgun Buy-Sell Agreement, the “I cut, you choose” method of deadlocked dispute resolution.  Today, we tackle different triggering and valuation mechanisms showcased in a case out of New York, Estate of Connie Collins v.… Read More