Choosing the right entity

If you’ve done any searching online, you’ve probably read that limited liability company (LLC) entity offers flexibility when organizing the management and economic structure of the company. And because of this flexibility, the LLC quickly became the most popular entity to form in order to shield personal assets from business liabilities. One of the areas where LLCs offer flexibility is how to structure payments to owners of the business. Today’s post discusses the fact that owners of an LLC can only be considered “employees” if the LLC elects to be taxed as a corporation.

Can LLC Members be Paid as Employees?

Members (owners) of an LLC cannot be considered “employees” of the business unless the LLC elects to be taxed as a…

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Mirror image

Washington state continues its effort to be one of the more corporate-friendly states by passing a bill that streamlines the process of converting one business entity to another. Senate Bill 5999, which was signed into law by Governor Inslee on March 27, 2014, amends Washington’s Limited Liability Company Act and the Business Corporation Act to allow conversions of Washington...

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Online Annual Filing

The Washington Secretary of State recently announced that changes are coming for annual report notices from the business licensing service. Beginning in June, corporations and LLCs will receive annual report notices and most business license renewal forms will be replaced with a letter that instructs the business to file its annual renewal online. In some cases a paper form will still be...

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Tully's Coffee

A few recent high profile trademark disputes making the news have brought to light again the importance of protecting your business’ trademarks and other IP. Specifically, these stories highlight the need to register your trademarks and draft carefully negotiated terms in any licensing agreements your business enters into.

Tully’s May Lose Right to Use of “Tully’s”

The Seattle Times reported that Keurig...

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