Recent News

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

June 5th, 2025 Beresford attorney Andrew J. Tingstad discusses: Do I have a contract? What are its terms? "Battle of the Forms" Read More

Most small business owners are not familiar with the process associated with buying or selling a business. The process is comprised of four general steps: conversation, letter of intent or term sheet, contracts and closing. Conversation and Confidentiality The first step in the process is the initial conversation between the buyer and the seller, which… Read More

May 8th, 2025 Beresford Booth Attorney Eli K. Yim discusses Proposed Changes to the Estate and Capital Gains Tax in Washington State. Read More

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

When a business partner wants out, things can get emotional—and messy—fast. But with the right planning and paperwork, small business owners in Washington can navigate a buyout without burning bridges or leaving legal loose ends. Whether you’re buying out a longtime friend or parting ways with a co-founder, here are four key things to get… Read More

April 10th, 2025 Beresford Booth Attorney Caleb J. Tingstad discusses Best Practices For Buying Out Business Partners Read More

After all the back and forth, finally, the Corporate Transparency Act (“CTA”) ping pong match is over. On March 26, 2025, the US Department of Treasury, along with the Financial Crimes Enforcement Network (“FinCEN”), published their interim rule solidifying CTA compliance obligations on the Federal Register (found here) (the “Interim Rule”). The Interim Rule provides… Read More

March 13th, 2025 Beresford Booth Attorney David C. Tingstad discusses The Merger & Acquisition Process: How Buying and Selling a Business Works Read More