That Doesn’t Belong to You

Business, LLCs

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

Business, LLCs

“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 […]

The Awful Agreement

Business, LLCs

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. […]

Seven Words that Scare Me

Business, LLCs

“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 […]

Laura Hoexter

Will Valuation Discounts for Family-Controlled Entities be Eliminated?

Business, Estate Planning and Probate, Wealth Transfer

Many families establish Family Limited Partnerships (FLPs) or Limited Liability Companies (LLCs) and then gift interests in these entities to their children.  In doing so, they take advantage of valuation discounts (discounts for the lack of marketability of a family-controlled entity and for minority interests), and pass significantly more value than could be claimed for […]

Karen Kalzer

New Washington Law Extends Rights for Religious Practices

Business, Employment, Religion

Governor Jay Inslee has signed in to law a bill that assures state employees (and public school students) two days off per calendar years for religious holiday. Our business clients, particularly those with heavy weekend and holiday need, may wish to anticipate similar requests being made to them as well for unpaid holidays as a “reasonable accommodation” for religious practices.

Karen Kalzer

Seattle Minimum Wage Update

Business, Employment

Lauren Parris Watts reviewed the implementation of the newly passed Seattle $15 Minimum Wage Ordinance at the latest Helsell Fetterman Employment Law Breakfast on June 3. We promised to keep out attendees informed about ongoing developments on this issue. The following is a quick rundown of the known challenges to the Ordinance.