Tara Vitale

AI Generated indemnification image

Indemnification Tools When Buying or Selling a Business

Business Transactions & Services / By

There are several ways to broaden or limit indemnification provisions in your purchase and sale agreement. We discuss a few of the tools (caps, baskets, carve-outs, and escrow accounts) below. Caps Indemnification provisions can expose both parties to unlimited liabilities and risks. One indemnification tool is an indemnification cap. Indemnification caps are contractual provisions that …

Indemnification Tools When Buying or Selling a Business Read More »

edmonton, alberta, government

Washington Secretary of State, Physical Addresses, and Private Mailbox Address (PMB)

Business Transactions & Services, Flat Rate Fees, Nonprofit, Startup & Formation / By

Overview Have you or your entity recently faced a rejection from the Washington Secretary of State (“SOS”) regarding the use of a private mailbox address (“PMB”) for a principal office street address? You are not alone! The SOS has recently become stricter on the use of PMBs for an entity’s principal office street address. While …

Washington Secretary of State, Physical Addresses, and Private Mailbox Address (PMB) Read More »

startup, start-up, notebooks

2022 Annual Report Requirements for Nonprofits under RCW 24A.03

Nonprofit / By

Overview Each year in Washington, nonprofits formed in Washington or registered to do business in Washington must file an annual report with the Secretary of State. The annual report is usually due around the nonprofit’s formation or registration date. The filing requires basic information such as the physical and mailing address of the entity, the …

2022 Annual Report Requirements for Nonprofits under RCW 24A.03 Read More »

achievement, bar, business

Seller’s Earn-Out when Selling Their Business

Business Transactions & Services, Flat Rate Fees, Intellectual property, Startup & Formation / By

In today’s market, buyers and sellers need to be creative when it comes to financing the purchase and sale of a business. Earn-outs offer a financing option that provides for flexibility, incentives for the new owners to do well, and incentives for the seller to see the transition go smoothly. Earn-outs can be structured in …

Seller’s Earn-Out when Selling Their Business Read More »

money, money tower, coins

Types of Financing for Buying a Business

Business Transactions & Services, Flat Rate Fees, Intellectual property, Startup & Formation / By

Overview There are many ways to pay for the purchase price during the sale of a business – all cash, traditional financing with a bank, seller financing with a promissory note, or some combination of the above. When discussing the payment options with the other party you should keep in mind that you are not …

Types of Financing for Buying a Business Read More »

accountant, accounting, adviser

DE LLC Franchise Tax

Business Transactions & Services, Flat Rate Fees, Intellectual property, Startup & Formation / By

Have you recently received a notice from Delaware requiring you to file a franchise tax? Each year, many Delaware LLCs are shocked to receive a franchise tax notice for their business. Don’t panic! The below article will help answer some of your questions and help walk you through Delaware’s LLC franchise tax process. What is …

DE LLC Franchise Tax Read More »

accountant, accounting, adviser

DE Corporate Franchise Tax

Business Transactions & Services, Flat Rate Fees, Intellectual property, Startup & Formation / By

Have you recently received a notice from Delaware requiring you to file a franchise tax? Is the tax amount listed a crazy high amount? Each year, many Delaware incorporated businesses are shocked to receive a franchise tax notice for an amount that seems outrageous for their business. Don’t panic! The below article will help answer …

DE Corporate Franchise Tax Read More »

Do you have to serve customers without a face covering?

Business Transactions & Services, Flat Rate Fees, Intellectual property, Startup & Formation / By

On June 24, 2020, Dr. John Wiesman, the Washington Secretary of Health, issued the statewide Order of the Secretary of Health 20-03 “Face Coverings – Statewide” (the “Face Cover Order“) whereby: “Every person in Washington State must wear a face covering that covers their nose and mouth when in any indoor or outdoor public setting, …

Do you have to serve customers without a face covering? Read More »

King County Phase 1.5 and Reopening Your Business

Business Transactions & Services, Flat Rate Fees, Intellectual property, Startup & Formation / By

As of June 5th, King County is progressing into a modified Phase 1 or “Phase 1.5” and businesses are starting to think about their individual reopening plans. With reopening your business there are many concerns – When can I reopen? How do I reopen? and What policies do I need in place? While each business’s …

King County Phase 1.5 and Reopening Your Business Read More »

Scroll to Top