Letter of Intent to Purchase Business
Individuals seeking to start or grow a business often look to acquisition strategies to achieve those goals. Once a prospective Buyer has identified a potential business to acquire and once…
Washington Capital Gains Tax is Here to Stay
On March 24, 2023, the Washington State Supreme Court released its long-awaited opinion upholding the constitutionality of the new Washington Capital Gains Tax in Quinn v. State of Washington. Accordingly,…
Selling the Family Business to Children
Parents that have built a successful business and have raised capable children might find the proposition of selling the family business to the children compelling. As with so many decisions…
Securities Laws Exposure for Business Financing
Finding a source of capital for a new or existing business is often a challenge. Consider the following scenario: Diana has a great idea for a new business and she…
Non-Compete Agreements
Several years ago, this author previously wrote a piece for the Journal of Business on non-compete agreements. Much has changed since that article and it’s time for employers to reconsider…
Phantom Stock to Reward (and Retain) Key Personnel
One challenge for the business owner is attracting and retaining key personnel. This challenge permeates all businesses from the largest to the smallest. At some point, the key person needs…
The Side Job and Choice of Entity Planning
“Corporation, n. an ingenious device for obtaining individual profit without individual responsibility.” Ambrose Bierce, the Unabridged Devil’s Dictionary. Regrettably, Limited Liability Companies (LLCs) were not included in Ambrose Bierce’s popular…
business woman is passing document to manager
Contract Law – Offer, Acceptance, and Consideration
What are the components of an enforceable contract? In other words, if you or your business makes an agreement with another person or entity, what makes the agreement enforceable? Let’s…
Corporate Split-Offs, Spinoffs, and Split-Ups
Space Exploration Technologies Corp. (SpaceX) is beta testing a new satellite-provided broadband internet service through its Starlink brand. At times, reports have come out that SpaceX planned to spin-off Starlink.…
Executive Employment Compensation
One goal for employers is to hire and then incentivize the brightest talent available to remain with the employer and grow the business over time. So, what are the components…
