Washington is home to more than 100,000 small businesses. Running a small business isn't the same as running a corporation, but some of the risks are just as serious. For example, small businesses can get sued and face legal problems the same as a corporation. Small...
Results-Focused Legal Advocacy For Clients Throughout Greater Seattle
Year: 2023
Family businesses and value-based succession plans
Many people in Washington have spent their lifetimes building a family business to pass it on to their children one day. Yet, about 73% of companies still need a succession plan, and almost 70% of family businesses will fail during the second generation. If you want...
Key factors when negotiating partnership agreements in Washington
Joining forces with someone to launch or expand your business in Washington can significantly increase the probability of success. However, it is vital that you thoroughly go over the details and conditions of this type of arrangement along with your potential partner...
Why do some contracts include a liquidated damages clause?
When contracts are signed in Washington and one of the parties involved could incur hard-to-define or intangible losses if there was a breach, they could insist on a liquidated damages provision. The damages specified in such a provision are an estimate of anticipated...
Language and actions influence enforceability of letter of intent
A letter of intent (LOI) often outlines the relationship of two or more businesses going forward. The document could launch the process of a merger or acquisition in Washington or explain their commitment to a joint project or business deal. An LOI often forms the...
Lawsuit protection tips for your small business
California small business owners understand how costly litigation is and how damaging lawsuits can be to their companies. Avoiding lawsuits is crucial to longevity and the brand's integrity. One essential tip to prevent lawsuits is to know the laws surrounding your...
Finding common ground with your business partner
Working with a business partner in Washington can be a great way to expand your business and maximize profits. But when working with someone else, it's important to remember that disagreements and disputes might arise along the way. When this happens, it's essential...
Understanding reinsurance, its purposes, and its benefits
For residents of Washington, insurance policies are designed to transfer the risks they might face from unanticipated events. When a natural disaster occurs, many claims might be filed with a single insurance company. For example, a large fire or earthquake could lead...