Corporate Transparency Act (CTA) Update Resumes
Update Corporate Transparency Act Reporting Resumes The Corporate Transparency Act (CTA) reporting regime is back on as of February 20, 2025. The CTA is a U.S. law that requires certain
Category: Business Law
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Carney has Elected Patrick Lamb as President, Managing Partner
Carney Badley Spellman has elected Patrick Lamb as President and Managing Partner. Mr. Lamb is also Head of the M&A Practice Group. Mr. Lamb focuses his practice on corporate transactions and business matters.
Carney has Re-Elected Susan Schalla as Director of Associates
Carney Badley Spellman has re-elected Susan Schalla as Director of Associates. She is a member of the Board of Directors. Susan has extensive experience in mergers & acquisitions on both the buy-side
Carney Badley Spellman is Listed as Best Law Firms in 2025 Edition of Best Lawyers in America
Best Lawyers in America, 2025 Edition, lists Carney Badley Spellman in Best Law Firms for Construction Law, Construction Litigation, Appellate Practice, Commercial Litigation, Insurance Law, Real Estate Law, Business Organizations, Corporate Law, Tax Law, and Tax Litigation & Controversy.
Washington State House Bill 1155 – My Health My Data Act
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 . . .
Time to Update Your Severance Agreements: New Washington State Law and National Labor Relations Board Decision Place Additional Requirements
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 . . .
5 Things You Should Know about the New Washington State Capital Gains Tax
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 . . .
Using a Charitable Remainder Trust to Sell a Business
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 . . .
FTC’s Proposed Rule Banning Noncompete Agreements
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 Biden Issues Executive Order Asking FTC to Ban or Limit Noncompetes
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 . . .