Planning to Sell Your Business? 5 Steps to Take Ahead of Time

Selling your business is a huge decision, and one that you do not want to rush into. Taking the right steps now can help ensure you don’t regret your decision to sell, and also maximize the sale price, so you are happy with the results. Whether you’re just starting to think about selling your business or you are ready to sell right away, the following steps should always be taken. Look at Your Reasons for Read More

Operating a Washington Non-Profit: 5 Legal Mistakes to Avoid

Non-profit organizations in Washington do an immeasurable amount of good and help millions of people each year. Those who are interested in starting or running a non-profit, however, have to be very careful to ensure they are doing it correctly so they can avoid any legal issues. The following are several of the most common legal mistakes, and how to avoid them when operating a non-profit organization. Failing to Read More

Is Your Business Facing a Lawsuit? Take These 5 Steps First

If you are running your own business it is a matter of when, not if, you will have a lawsuit filed against you. Just about every business that serves customers will eventually go through this, so it makes sense to be prepared. In many cases the lawsuits can end up getting dismissed or the damages will be fairly minimal if you can present a strong defense. As soon as you become aware that you are being sued, take the Read More

Setting Yourself Up for Success | How to Create a Strong Vendor Agreement

For many companies, using vendors is a great way to accomplish business goals without having to be responsible for everything that takes place. Vendors can be a great way to complete one-time tasks or perform highly specialized work. When working with vendors, you will need to have a vendor agreement written up and signed by all parties involved. A strong vendor agreement will make the working relationship easier for Read More

Your 21st Century John Hancock: The Legal Implications of Electronic Signatures

Throughout the vast majority of history, if you wanted a contract to be legally enforceable, you needed to have all relevant parties sign it to show that they agreed to the terms. With the popularity of the Internet, video conferencing, and other long-distance business deals, however, it has become largely unnecessary to have a traditional signature on documents. Instead, people are able to use electronic signatures Read More

Is Your Business Staring Down the Barrel of a Lawsuit? Take These Four Steps First!

Owning a business can be very rewarding, but it does come with some potential downsides. If a business runs long enough, it is almost inevitable that a lawsuit will be filed against it for one reason or another. While unpleasant, it doesn’t have to cause devastation if you handle it properly. The following four steps can help you to ensure you are prepared for whatever comes your way. 1. Talk to an Read More

More Bang for Your Buck: 4 Reasons Why Valuating Your Business is Necessary

If you own a business, you likely have a good understanding of how much money it is bringing in, what types of expenses it has, and many other pieces of information related to its financial health. One of the most important, yet most often overlooked, factors about your business is going to be how much it is actually worth. Valuating your business is absolutely essential for many things throughout the lifecycle of Read More

Iron-Clad: 5 Tips for Stronger Contracts

A contract is really only as good as the information that it includes. If your business is using contracts (and it should be), you need to do all you can to make sure they are as close to “iron-clad” as possible. In the eyes of the courts, there is a huge difference between a poorly-written contract and one that is done right. Learn about some of the different things that you can do to help ensure your contracts will Read More

Get Courtside Seats to the Washington State Civil Litigation Process

The United States is a litigious society, and as a business owner—regardless of what type of business you are running—the chances are that eventually you will find yourself in a difficult situation where the courts need to be involved. Whether this means you are being sued by another party, or you need to sue someone else, it is a good idea to have at least a basic understanding of what you’ll be going through. If Read More

Business Law Basics: What’s the Difference Between an Asset Sale and a Stock Sale?

If you are trying to raise some capital for your business, two popular options that you may want to consider include asset sales and stock sales. Understanding what these options are, and the benefits of each, is an important step in deciding which route you want to take. What is an Asset Sale? An asset sale is when the business owner will retain their ownership in the business, but sell off specific assets of Read More