Washington State is on track to pass a far-reaching new piece of legislation in the upcoming weeks. The “My Health My Data” Act (House Bill 1155), if signed into law, will take effect starting on March 31, 2024. The title of the law implies that it will only apply to health care related industries, when in fact the law . . .
Severance agreements have traditionally included confidentiality clauses that allow employers to keep the terms of the agreement, including the amount paid, confidential. This is particularly true when an employee has asserted claims that are waived as part of the severance agreement. However, recent legislation in . . .
In 2021, the Washington State legislature enacted a new tax on the sale of long-term capital assets. In March 2022, the Douglas County Superior Court ruled the new tax is invalid because it violates the state constitution. That decision has been appealed to the Washington State Supreme Court . . .
For Washington business owners looking to sell, the possibility of paying an additional 7% capital gains tax is concerning. For owners that sold in 2022, their payments are due on April 18, 2023, while the Washington state Supreme Court considers the constitutionality of the new tax. The 7% Washington tax . . .
The FTC is currently seeking public comment on the proposed rule, which is due 60 days after publication in the Federal Register. After the comment period closes, the FTC will consider the comments, and then may adopt and publish a final rule. The proposed rule would go into effect 180 days after the publication of the final rule . . .
President Joe Biden signed an Executive Order, which, among other things, directed the Federal Trade Commission (FTC) to use its statutory authority to curtail the unfair use of noncompete agreements. The key provision of the Order . . .
Section 1202 of the Internal Revenue Code grants non-corporate taxpayers a tax break of up to $10,000,000 in capital gains on “qualified small business stock” that the taxpayer holds for more than five years . . .
Joe Wallin and Susan Schalla contributed to the writing of a new book “The Entrepreneur’s Roadmap from Concept to IPO” published in May 2017. This book summarizes legal and regulatory practices for entrepreneurs and is a guide to building a startup, from establishing a company, to financing …
