Webinar – Business Sales 101
June 10th, 2021 David C. Tingstad and Per E. Oscarsson discuss the business sale process, and they address common confusions that many sellers experience. Read More
Recent News
Fiduciary Duties And Your Washington LLC: You May Have Heard About Them But What Are They?
Virtually every lawsuit involving disputes among owners of closely held or family-owned businesses includes a claim for “breach of fiduciary duty”. You may have heard of a fiduciary duty, but would you know one if you saw it? In this week’s post, let us discuss fiduciary duties in the context of Washington LLCs. Loyalty, Care,… Read More
Low-Income Tenants To Receive A Right To Counsel In Washington State
On Thursday, April 22nd, Jay Inslee signed into law a right to counsel guaranteeing to low-income residential tenants the right to counsel during the eviction process. Although Seattle, and several other cities, had similar laws already on the books, Washington State has now established itself as the first state to pass such legislation. Washington appears to… Read More
Professional LLC Or Professional Service Corporation – What Is The Difference?
Lawyers, doctors, accountants, and other professionals cannot engage in the “corporate” practice of their professions, except through authorized entities. Professional LLCs and professional service corporations are two such authorized entities. When considering which entity may be right for you, it is important to note their differences. At least three issues distinguish professional LLCs from professional… Read More
Webinar – The ABCs Of Written LLC Agreements
May 13th, 2021 David Tingstad and Eli Yim discuss the ABCs of written LLC agreements. Read More
A Family Business And Minority Shareholder Oppression: Real Carriage Door v. Rees
On May 11, 2021, Division II of the Washington Court of Appeals issued an opinion arising out of a corporation owned by the Rees family. The case is interesting for a host of reasons, but the focus of this article is minority oppression. The Family v. Don Rees Don Rees owned 51% and his wife,… Read More
Notice! Notice! Notice! Contractors – Provide Your Proper Notices!
Washington State, and particularly King and Snohomish Counties have grown rapidly in recent years. New construction and remodeling projects are a part of the familiar landscape of the area. Contractors and subcontractors who provide labor, professional services, materials, or equipment to improve real property, however, must navigate through the extensive statutory scheme contained in RCW… Read More
Even Single Member LLCs Need Written LLC Agreements
Investors regularly make the mistake of assuming they do not need a written LLC agreement when they form a single-member entity. In the absence of a written LLC agreement, statutory default rules apply, which often come with surprising consequences. A Hypothetical Let us consider, for example, you purchase a fourplex in your own name then transfer… Read More
Recovering Your Security Deposit – A Statute Of Limitations Decision For Washington’s RLTA
Recently, the Washington State Supreme Court published its decision in Silver v. Rudeen Mgmt. Co, a case surrounding Washington’s Residential Landlord Tenant Act (RLTA), RCW 59.18. The issue in Silver was the statute of limitations for recovery of a tenant’s security deposit. Facts Thomas Silver leased an apartment from Rudeen Mgmt. Co. from 2012-2015. Silver… Read More
