Twenty-Five Percent Threshold  On March 27, 2020, Governor Inslee signed Senate Bill 6037 into law, effective on June 11, 2020. Pursuant to Senate Bill 6037, a new section will be added to RCW 23B.08 (the Washington Business Corporation Act, “WBCA”), requiring all public companies in Washington to diversify their boards of directors by January 1, […]

With the relative informality of limited liability companies (“LLCs”), it can be very easy for LLC members to fall into the trap of thinking that the company’s assets are their own. I find this happens often with restaurant clients, with the members starting to look at the restaurant’s food, wine, and spirits as things they […]

“I want him out.” “I want her gone.” I hear this a lot from clients. They co-own a limited liability company (an “LLC”) with another person or another couple, and things just aren’t working out. They have equal voting power, or decisions require unanimous votes, and each side has a different, strongly-held opinion about how […]

It’s an exciting moment. You’ve finally decided to do it. You and your friends are going to form a limited liability company and start your own business. You’ve put a lot of thought into this, crunched the numbers, and weighed the risks. It’s time. Once that decision is made, delays become painful. You’re ready now. […]

“Let me tell you what I did….” Nothing scares me more than hearing this from a client. I know that’s not the case for all of my fellow attorneys. In fact, I’m sure that it’s a litigator’s favorite phrase. For me, a transactional guy, however, it usually means trouble. Let’s face it, some things are […]