Recent News

Real estate purchase and sale agreements range from the simple to the highly complex.  In most circumstances, the buyer deposits some amount of earnest money to show their good faith and commitment to performing under the contract.  Depending upon the language of the purchase contract, a typical consequence of the buyer defaulting is forfeiture of… Read More

This week’s post continues the discussion from last week about successor liability through the lens of Maple Valley Park Place, LLC v. Tax Resource Centers, Inc., No. 78832-9-I, 2020 WL 1853575 (Wn. App. Apr. 13, 2020). In Maple Valley, the dispute on appeal surrounded MVPP’s attempt to pierce the corporate veil and pin the sole… Read More

The lis pendens is a document you can record to encumber the title of real property. Once a party records a lis pendens, the landowner cannot pass clear title to the property. This means a title insurance company cannot write a clear policy of title insurance with the lis pendens in place, and a regular… Read More

For businesses who received a Payroll Protection Program (PPP) loan, it may be time to submit applications for loan forgiveness. The Small Business Administration (SBA) has provided application forms designed to make it easier for businesses to apply for forgiveness, which I have written about here. Despite these resources, the forgiveness application process may still… Read More

Maple Valley Park Place, LLC v. Tax Resource Centers, Inc., No. 78832-9-I, 2020 WL 1853575 (Wn. App. Apr. 13, 2020) highlights Washington courts’ reluctance to permit creditors to pursue individuals for corporate debts. The Dispute Maple Valley Park Place, LLC (“MVPP”) owns and operates certain office space in Maple Valley. Northwest Tax Specialists, Inc. (“NTS”)… Read More

The Economic Alliance Snohomish County (“EASC”) recently announced a second round of its Coronavirus grant program to help relieve those small businesses specifically based in the Snohomish-County-area. The EASC is administering $580,000 of federal Coronavirus Aid, Relief and Economic Security (CARES) Act funding for the grant program.  With a maximum grant of $10,000, small businesses… Read More

Last week, I covered the first part of the complex process of dissenters’ rights: learning what they are and who has them. This week covers the second part of the process: valuing an interest once an owner has dissented. Procedure to Exercise Dissenter’s Rights After a member of an LLC or shareholder of a corporation… Read More

Minority owners of closely held businesses in Washington have substantially limited rights once the majority owners decide to take certain, major actions.  In fact, it can be said that the only right a minority owner has is the right to “dissent.”  Today’s post identifies “dissenters rights” and when they can be exercised depending on the… Read More

This week the Center for Disease Control and Prevention (“CDC”) issued an Agency Order under the authority of Section 361 of the Public Health Services Act, 42 C.F.R. § 70.2 (“Measures in the event of inadequate local control”) imposing a federal residential eviction moratorium effective through December 31, 2020.  The CDC Order is more nuanced… Read More