Recent News

Transfer Restrictions in Shareholder Agreements

Washington State Business and Real Estate Lawyer David C. Tingstad | 3/17/2021
Corporations are creatures of statute, contrary to LLCs, which are creatures of a contract.  I have written extensively about the need for a carefully crafted LLC agreement, but have not written much about the need for shareholders in a closely held corporation to have a carefully crafted shareholder agreement. Shares of stock are generally freely… Read More

Are Restricted Stock Units Considered Income For Child Support Purposes? (New Caselaw)

Washington State Family Law Lawyer Lisa H. Do | 3/16/2021
We finally have an answer as to whether vested and delivered Restricted Stock Units (RSUs) should be included as income when calculating child support, and the answer is YES, according to the WA State Court of Appeals, Division 1. First, what are RSUs? “Restricted stock units (RSUs) are a form of equity-based compensation consisting of… Read More

Monuments Matter – Mutual Acquiescence And Recognition

Washington State Business & Real Estate Lawyer Babak Shamsi | 3/16/2021
Although perhaps unfamiliar with the dynamics of real property law, many in the general public often have an ingrained concept of adverse possession, a notion that the property that they have used for so long should belong to them no matter what a survey might show (discussed in a previous blog post here). Along with this… Read More

Fundamentals Of Business Succession Planning

Washington State Business and Real Estate Lawyer David C. Tingstad | 3/11/2021
Inevitably, every business will end. Successful businesses plan for the end, and, as a result, maximize the value of their efforts. A proper advance plan can help maximize value when the time comes. Just as every business is different, a plan for succession varies for every business. There are a few fundamentals for an ‘advance… Read More

Building Families Through Assisted Reproduction – Surrogacy

Washington State Adoption and Assisted Reproduction Group | 3/3/2021
When families plan to have children through an Assisted Reproduction process such as Gestational Surrogacy or Genetic Surrogacy, families are formed with the assistance of physicians and fertility clinics all over the country and indeed, throughout the world.  However, it appears in many case the medical technology developed faster than the laws in most states.… Read More

An LLC Issued Me a K-1. What Am I?

Washington State Business and Real Estate Lawyer David C. Tingstad | 3/3/2021
In prior postings, I have discussed how membership has its privileges, but how does a person know if they are in fact a member?   Washington’s LLC Act provides two different standards for membership depending on the time period a member is admitted.  For the admission of “the initial member” a person becomes a member upon… Read More

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