Retired owner fly fishing

I often talk with small business owners about exiting their businesses. Most of the time, there’s no buy sell agreement and the business owner just wants to be “bought out” at a “fair price.” If all owners agree on terms, the separation can be quick and easy. However, this is rarely how it actually plays out. Instead, owners tend...

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Capitol Building

Last Friday, the Washington Senate passed an amended version of crowdfunding bill HB 2023. The bill passed through the Senate by a 46-2 vote. With only a few hours to spare on Friday afternoon, the Senate put the bill to a vote and it was passed by an overwhelming majority. What does this mean for small businesses in Washington? It...

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Chained to a Contract

A recent post on the inVigor Law Group blog explored the idea of “agency liability.” Agency liability refers to liability for actions of employees and owners of a company when acting on behalf of the company. I’ve highlighted some of the key points for you in today’s post.

When two people (or companies) agree to allow one person to act...

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Moving parts in small business

You’ve started to finalize all the details to form your LLC. You’re getting ready to file your Certificate of Formation, and you’re trying to decide whether your new venture will be managed by one or more managers or by all the members of the company. In order to do so, you’ll need to understand the difference between a manager-managed...

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