The business attorney’s focus when advising a client selling a business is necessarily the transaction itself. Primary considerations typically include maximizing the purchase price, reducing the income and other (e.g., real estate excise) taxes resulting from the transaction, and minimizing…
Read MoreBlog post written by Sara Campbell and Jay Corker Free. Initiative 1433 was approved by Washington voters on November 8, 2016. The measure gradually increases the statewide minimum wage to $13.50 per hour by 2020, and requires employers to provide…
Read MoreThe new regulations, which go into effect on December 1, 2016, are expected to significantly increase the number of employees eligible for overtime compensation.
Read MoreGiven its flexibility regarding structure and tax treatment, limited liability companies (LLC’s) remain one of the most popular entity types in the State of Washington for real estate and business ventures. When forming a new LLC, or purchasing interests in…
Read MoreThe Division I Court of Appeals recently split with Division II and held that a lender retains the right to pursue a deficiency action against commercial guarantors after nonjudicially foreclosing on deeds of trust securing the underlying loans. Washington Fed.…
Read MoreSome of the many great things about life in Washington State are its spectacular mountains, expansive forests, abundant lakes and the recreational activities they afford. In recognition of Washingtonian’s enthusiasm for outdoor life, the Washington State Legislature enacted the recreational…
Read MoreWhen tenants rent space in a multi-unit commercial complex, they often demand protection from competition within their real property leases through noncompete provisions. The risk is that the landlord will lease another unit within the same commercial complex to a…
Read MoreAs a recent Washington Supreme Court case illustrated, failure to obtain a restraining order prior to a non-judicial foreclosure sale may prevent a borrower from being able to challenge the sale. Further, if a loan is for commercial purposes or…
Read MoreThe Division II Court of Appeals recently decided that the Washington Deeds of Trust Act prohibited a lender from obtaining a deficiency judgment against a commercial guarantor where the guaranty was secured by nonjudicially foreclosed deeds of trust. First-Citizens Bank…
Read MoreThe Tax Court recently decided that taxpayers may not deduct interest payments from their federal taxes related to a mortgage or deed of trust on their principal residence that was never recorded in the county records. Defrancis v. C.I.R., T.C. Summ. Op.…
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