Slander and Libel
When a person conveys false or misleading information about another person or entity, the injured party has a potential cause of action (lawsuit) against the offending individual. Regrettably, most people…
Preparing Your Business for Sale
At some point, the lucky entrepreneur is able to realize the fruits of her success and ride off into the sunset after the momentous occasion of having sold her business.…
Organizational Documents are Imperative to an Entrepreneur’s Business
An entrepreneur has an idea…a vision…a way to make money…a niche to fill. She has the know-how, she has the connections, she has the backers and maybe partners. Now, she…
Prudent Investor Rule
You can do whatever you want with your money and assets but when charged with caring for another person’s money and assets, a body of law provides guidance on how…
Buy-out of a Deceased Owner’s Share of the Company
Organizational documents are imperative for entrepreneurs starting a business. This article digs a little deeper into a specific issue that comes up in the organizational documents: the buy-out of a…
Empty car parking lot with white mark
Short Term Excess Cash – Where do we park it?
Sometimes our clients come into excess cash. They sell an asset or a business. They receive an inheritance or gift. They receive a large bonus or award. And, though the…
Business Succession Strategy – Gift followed by a Redemption
Let’s assume that the patriarch of a local manufacturing business is ready to determine the best way to transition ownership of the business to his daughter. The patriarch, John, and…
Happy family in corn field. Family standing in corn field an looking at sun rise
Business Succession Strategy: The Family Farm LLC
As the center of Washington’s agricultural empire, it is important to recognize the planning opportunities afforded the Washington farmer in the Tri-Cities. This article explores the use of the family…
Estate Planning Strategy: The Irrevocable Life Insurance Trust for Business Owners
Business owners are particularly sensitive to cash flow and liquidity needs. This can be especially true of the business owner’s estate after death. The estate needs cash to continue business…
Executive Employment Contracts
Many business owners believe that the executive employment contract is unnecessary. Or, that by entering into an employment contract with the employee, the employer loses the ability to fire at-will.…
