It's important to do due diligence before buying a Washington business. Taking time to analyze the possible pros and cons of acquiring a company may help you avoid buying a firm that is subject to multiple lawsuits, has significant debt or won't add value to your...
Business Law
What should you understand about common business lawsuits?
Owning a business in Washington state involves navigating complex legal decisions every day. No matter how well you run your company, you may deal with business lawsuits. Business torts In business law, a tort refers to a civil action against those intending to cause...
Does your Washington business have unlimited liability?
Many Washington business owners design their company's legal structure to prevent being them being held personally responsible for its debts. However, some companies may have characteristics that places responsibility for business debts onto the company owners....
Understanding mediation for business disputes
There are many possible ways to resolve a business dispute without the need to argue it in a Washington courtroom. In many cases, mediation may be a quality alternative to litigation. There are many potential benefits to mediation including the ability to retain...
What should you keep in mind when selling your small business?
If you own a small business in Washington state, you may someday realize that you want to sell that business. After years of the hard work that it took to become successful with your company, you want to make sure that the selling of your business goes smoothly. To...
A business owner’s guide to employee tips in Washington
Washington law requires employers to pay their employees a minimum wage. However, there are certain circumstances where employees can receive customer tips. When this happens, employers need to know how to handle the payment and taxes on that money to avoid legal...
Understanding third-party transactions in Washington State
There are many different types of business transactions that can take place in Washington State. Among them is the third-party transaction. As a business person, it is important to understand what this is and the laws that might apply to you. Third-party transactions...
Asset protection strategies in Washington State
Given the current state of the nation, anything can get you into trouble. And the more assets people think you have in Washington state, the more tempting of a target you become for lawsuits. Therefore, you must always take measures to protect yourself from trial...
Measures to protect your business trade secrets in Washington
As a business owner in Washington, you know that protecting your trade secrets is essential to maintaining your competitive edge. If your competitors knew your confidential information, they could easily replicate your products or services and put you out of business....
Increasing value with intellectual property during mergers
Intellectual property, or IP, turns ideas into profits for a business in Washington. Every form of intellectual property has potential value to consider during a merger and acquisition transaction. Evaluating IP assets Some owners can only grow their businesses...