Startup & Formation Archives

Raising Capital under Regulation D Safe Harbor Provision

Startup & Formation / By George Ptasinski

The Securities and Exchange Commission (“SEC“) provides flexible options to access capital from accredited investors while avoiding the time-consuming and costly process of a full registration. Access to investment for start-ups and small businesses can pose regulatory challenges which are complex and expensive to overcome for the small entrepreneur. After asking friends, family members, and […]

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AI generated of Washington state questions

Ask an Associate: What is a Governor for the Washington Secretary of State?

Startup & Formation / By Tara Vitale

It can be a bit confusing when you file with the Washington Secretary of State for your formation documents, initial report, or annual report and it requests a list of “Governors” for your entity. Governors are not a legal term for entities, but is a legal status under RCW 23.95.105(12) and is part of the

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Demystifying the Corporate Transparency Act: What small businesses can expect

General Business Counsel, Startup & Formation / By Adan Jimenez

The Corporate Transparency Act (CTA) went into effect on January 1, 2024. The Financial Crimes Enforcement Network of the United States Treasury Department (FinCEN) enacted the CTA to enhance transparency into business transactions, promote accountability, and mitigate financial crimes. FinCEN is tasked with collecting information from small businesses about their beneficial owners. The information that

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AI Generated Image based on common interest communities and home ownership

Common Interest Communities as a Path to Affordable Housing

HOAs, Startup & Formation / By George Ptasinski

The dream of homeownership remains a significant aspiration for many as soaring real estate prices have made it increasingly challenging to enter the housing market. However, there is a potential solution that empowers younger individuals to pool their resources and create a common interest community under the Washington Uniform Common Interest Ownership Act. By forming

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Negotiating with a Gorilla

General Business Counsel, Startup & Formation / By George Ptasinski

Negotiating with an 800-pound gorilla refers to dealing with a powerful, dominant, or influential party in a negotiation or business situation. The term is often used metaphorically to describe a situation where one party has significantly more power or leverage than the other. For many small to medium sized businesses, the chance to land a

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FOREIGN OWNED BUSINESSES IN THE U.S. – EIN APPLICATION

Flat Rate Fees, General Business Counsel, Nonprofit, Startup & Formation / By Coleman Scroggins

If you’re a foreign person owning, operating, or otherwise doing business in the United States, you may be wondering if you’re eligible to obtain a Federal Employment Identification Number (FEIN) and how to do it. The good news is that foreign persons who have a business or other tax-related activities in the United States are

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Multi-State Business Registration: Registering as Foreign Entity

Flat Rate Fees, General Business Counsel, Startup & Formation / By Coleman Scroggins

Overview Once a business determines it is “doing business” in another state and would be required to register with that states regulatory authority, the next step is to actually register. If you need help determining if your business needs to register to transact business in another state, Apex’s blog on conducting business in another state

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Multi-State Business Registration: What is Doing Business?

Flat Rate Fees, General Business Counsel, Startup & Formation / By Coleman Scroggins

Domestic v. Foreign A company, whether doing business as a corporation, LLC, partnership, or other statutory business entity, is a “domestic” company in the state in which it was founded, and is considered a “foreign” company in all other states. “Domestic” and “Foreign” are common terms throughout the United States. For example, an LLC formed

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New Washington Nonprofit Corporations Act and Charitable Assets

Flat Rate Fees, General Business Counsel, Intellectual property, Startup & Formation / By Jacob Ferrari

Overview With the advent of the new year, the Washington Nonprofit Corporations Act (RCW 24.03A) is now in full force and effect. While much discussion has already been devoted to specific governance changes to member and non-member organizations, we have yet to address how charitable assets will be managed under the new act. In this

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

Flat Rate Fees, General Business Counsel, Nonprofit, Startup & Formation / By Tara Vitale

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

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