I Want to Get Out of My Partnership: What Happens Next?

The formation of a partnership is often the pinnacle of years of preparation and hard work. Partners in the business usually attach significant sentiment to the future of the business. In the beginning, few partners anticipate circumstances which may convince them to leave the partnership. Nevertheless, personality conflicts and business complications sometimes lead to the […]

Confidentiality and Non-Competition Agreements: How Can They Help My Business?

Many business owners are faced with a recurring problem: how can I best protect my company’s valuable information? Confidentiality and non-competition agreements often provide a useful tool to protect information from business competitors. A confidentiality agreement generally requires an employee to keep confidential certain information the employee learns while employed at a company (i.e. company […]

What is a Partnership? What are the Pros and Cons of a Partnership Entity?

In Washington State, a partnership is governed by the Revised Uniform Partnership Act (“RUPA”). See RCW 25.05 et. seq. A partnership is an “association of two or more persons to carry on as co-owners of a business for profit.” RCW 25.05.005(6). A partnership may be formed regardless of whether the parties involved intended to form […]

The Importance of Maintaining Corporate Records

Maintaining a corporate entity requires a good deal more than filing articles of incorporation with the Secretary of State. The limited liability protection of the corporate form can be threatened by improper recordkeeping practices. See, e.g., Grayson v. Nordic Const. Co., Inc., 92 Wn.2d 548, 553, 599 P.2d 1271, 1274 (1979). In order to enjoy […]