Recent News

Are You Considering Seller Financing?

Washington State Business & Real Estate Law Lawyer Babak Shamsi | 1/25/2022
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

Inaugural Case of the Year – Yakuel v. Gluck

Washington State Business and Real Estate Lawyer David C. Tingstad and Drew J. Tingstad | 1/12/2022
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

Buy-Sell Triggers and Valuation – Estate of Collins v. Tabs Motors

Washington State Business and Real Estate Lawyer David C. Tingstad and Drew J. Tingstad | 1/5/2022
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

License Agreements For Use Of Real Property: An Alternative To Easements

Washington State Real Estate Law Lawyer Andrew M. McKenzie | 1/3/2022
There are many possible interests in real estate.  “Fee simple” is the most easily understood, which means ownership of the land itself.  Easements are the right to use land owned by someone else for specified purposes.  Generally, easements are perpetual and run with the land, meaning that they go on indefinitely and transfer to new… Read More

What the Corporate Transparency Act Means for Your Business

Washington State Business and Real Estate Lawyer David C. Tingstad and Drew J. Tingstad | 12/20/2021
The Corporate Transparency Act (CTA), passed on January 1st, 2021, becomes effective in 2022 and aims to fight money laundering and other illicit activity. In this week’s blog post, we will outline the CTA and discuss how businesses can comply with its requirements. The Basics Essentially, the CTA requires reporting companies to disclose beneficial ownership… Read More

Reserve Studies and Community Associations

Washington State Business & Real Estate Law and Litigation Lawyer Babak Shamsi | 12/8/2021
What is a reserve study?  Community associations, such as condominium associations, homeowners associations, and cooperatives, often have budget planning studies conducted to identify the current financial shape of their reserve fund, a fund meant to ensure the association remains in good repair without the need to impose sudden special assessments, or to seek funding from… Read More

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