Recent News

Lawyers, doctors, accountants, and other professionals cannot engage in the “corporate” practice of their professions, except through authorized entities.  Professional LLCs and professional service corporations are two such authorized entities.  When considering which entity may be right for you, it is important to note their differences. At least three issues distinguish professional LLCs from professional… Read More

May 13th, 2021 David Tingstad and Eli Yim discuss the ABCs of written LLC agreements. Read More

On May 11, 2021, Division II of the Washington Court of Appeals issued an opinion arising out of a corporation owned by the Rees family.  The case is interesting for a host of reasons, but the focus of this article is minority oppression. The Family v. Don Rees Don Rees owned 51% and his wife,… Read More

Washington State, and particularly King and Snohomish Counties have grown rapidly in recent years. New construction and remodeling projects are a part of the familiar landscape of the area. Contractors and subcontractors who provide labor, professional services, materials, or equipment to improve real property, however, must navigate through the extensive statutory scheme contained in RCW… Read More

Cashflow is often the lifeblood of the construction industry.  When contractors do work or supply materials without timely payment from their customers, it can have major impacts on their ability to continue operating effectively.  A contractor’s ability to make payroll and stay current on accounts with their suppliers and subcontractors is vital to protecting their… Read More

May 6th, 2021 Lisa H. Do and guest Victor Lopez (from Motto Mortgage in Edmonds) discuss when refinancing the mortgage on a marital home may be necessary in the context of a divorce, the reasons why, and the process to do so. Read More

Investors regularly make the mistake of assuming they do not need a written LLC agreement when they form a single-member entity. In the absence of a written LLC agreement, statutory default rules apply, which often come with surprising consequences. A Hypothetical Let us consider, for example, you purchase a fourplex in your own name then transfer… Read More

EDMONDS, WA, (May 2021) – Beresford Booth is pleased to announce attorney Todd J. Cook has been elected to the Board of Directors for Homage Senior Services. “I am honored to have been elected to serve on Homage’s Board of Directors,” said Cook.  “I look forward to working with my fellow Board members and Homage’s… Read More

April 29th, 2021 Matthew J. Cruz, Per E. Oscarsson, and Sarah C. Smith discuss avoiding guardianship: the use of powers of attorney in estate planning. Read More