In recent months, a flurry of news articles have pointed to a strategy whereby certain highly paid professionals (such a doctors, lawyers, and accountants) can form worker-owned cooperatives in order to avoid the limits placed on the new tax law’s…
Read MoreIn November 2015, Congress enacted as part of the Bipartisan Budget Act of 2015 (the “BBA”) partnership audit rules designed to make it easier for the IRS to examine partnerships and collect any resulting underpayments through one centralized proceeding. With limited…
Read MoreThe Tax Cuts and Jobs Act changes much of our nation’s tax law. One of the most discussed changes is the new flat corporate tax rate of 21%, which is a permanent change in the new law. To take advantage…
Read MoreOn November 16, 2017, the House of Representatives passed the “Tax Cuts and Jobs Act” (H.R. 1) (the “House Bill”) with a 227–205 vote. The Senate’s version of the “Tax Cuts and Jobs Act” (the “Senate Bill”) has not been…
Read MoreThis post follows up on a prior article addressing the myriad issues that can occur when a retail tenant abandons the premises before the expiration of the lease term: When A Retail Tenant Goes Dark – Part One. This is a growing…
Read MoreDespite strong consumer confidence and the lowest unemployment level in a decade, retail defaults this year are expected to surpass those in 2009 when the economy was in the throes of the Great Recession. Sorry, We're Closed, The Economist, May…
Read MoreThe business attorney’s focus when advising a client selling a business is necessarily the transaction itself. Primary considerations typically include maximizing the purchase price, reducing the income and other (e.g., real estate excise) taxes resulting from the transaction, and minimizing…
Read MoreBlog post written by Sara Campbell and Jay Corker Free. Initiative 1433 was approved by Washington voters on November 8, 2016. The measure gradually increases the statewide minimum wage to $13.50 per hour by 2020, and requires employers to provide…
Read MoreThe new regulations, which go into effect on December 1, 2016, are expected to significantly increase the number of employees eligible for overtime compensation.
Read MoreGiven its flexibility regarding structure and tax treatment, limited liability companies (LLC’s) remain one of the most popular entity types in the State of Washington for real estate and business ventures. When forming a new LLC, or purchasing interests in…
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