Recent News

Recently, the Small Business Administration (“SBA”) released a new application for businesses to apply for loan forgiveness if they received a Paycheck Protection Program (“PPP”) loan.  The application is helpful as it provides insight as to how forgiveness will be calculated.  You can find the application here. However, many business owners still hold questions regarding… Read More

In response to the postponement of the 2020 Major League Soccer season due to COVID-19, the RAVE Foundation has established the Seattle Sounders FC Relief Fund to assist individuals and small businesses in neighborhoods near CenturyLink Field.  Grants will be made on a rolling and ongoing basis contingent upon the availability of funds. Eligible individuals… Read More

Yesterday, I wrote about the quick progress Washington has seen since the implementation of the “Safe Start Washington” plan.  I focused on (1) the industries re-opened across Washington in Phase 1 and the requirements for businesses operating in those industries, (2) the 8 low density counties that have already advanced to Phase 2, and (3)… Read More

Governor Inslee’s May 4, 2020, amendment to his “Stay Home – Stay Healthy” Order set in motion a re-opening plan called “Safe Start Washington: A Phased Approach to Recovery.”  The Safe Start Washington plan announced that “Phase 1 of reopening Washington begins on May 5, 2020.”  However, as I discussed in my May 5th blog… Read More

Earlier today (May 13), the Small Business Administration (“SBA”) released important guidance regarding Paycheck Protection Program (“PPP”) loan recipients.  Recipients of PPP loans were required to certify that they applied for the loan in “good faith” in order to avoid criminal prosecution. Today’s guidance places those who received less than $2 million in PPP funds… Read More

This post is the final in a series of three discussing some of the basic principles of Washington LLCs and the default rules of the Washington Limited Liability Company Act, RCW 25.15 (the “Act”).  The previous two posts discussed the “pick your partner” principle and member dissociation and withdrawal.  This final post in the series… Read More

As the COVID-19 pandemic continues to impact almost every facet of daily life in the United States, politicians on the national stage have debated the pros and cons of expanding mail-based voting across the country.  Of course, this has not been an issue in Washington, where state law guarantees that “[e]ach active registered voter of… Read More

Matthew J. Cruz presents on Estate Planning & COVID-19. .pdf download of Matt Cruz's presentation David C. Tingstad speaks about the latest on PPP loan forgiveness. Read More

The first step in negotiating the purchase and sale of a business or its assets is to execute a letter of intent.  The letter of intent stipulates the “big picture” terms of the agreement.  These terms include naming all parties to the agreement, defining the assets being purchased, and the purchase price.  The “big picture”… Read More