Washington Business Law Questions & Answers

Q: For a single-person LLC choosing to be taxed as an S-Corp, what if revenue isn't enough to pay a "reasonable salary?"

1 Answer | Asked in Tax Law and Business Law for Washington on
Answered on Jan 26, 2017

To put things in perspective, it's important to remember that an S-Corporation is its own legal person, separate and distinct from its owners. When you, as a single person, elect to turn your LLC into an S-Corporation, you automatically wear two hats - that of a business owner and that of an employee (officer of the corporation). You have to treat yourself (in your employee capacity) as you would any other employee, or the whole thing falls apart. This means that there's the risk that the...
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Q: Can a small business host online raffles/lottos?

1 Answer | Asked in Business Law for Washington on
Answered on Jul 6, 2016

Maybe. Online prize law is not a well developed area of law yet, and involves not only the consumer protection act, but banking and sometimes securities laws as well. The state statute RCW 19.170 (http://app.leg.wa.gov/RCW/default.aspx?cite=19.170&full=true) governs promotions, disclosures and violations with regard to consumer protection. RCW 19.240 (http://app.leg.wa.gov/RCW/default.aspx?cite=19.240&full=true) governs gift certificates. You might want to start there, or consult an attorney...
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Q: Is our non-profit corporation writing group in the state of Washington required to have a vice president?

1 Answer | Asked in Business Law for Washington on
Answered on Oct 8, 2015

Frequently, corporations statutes require this, but also provide that certain offices may be shared by the same person. Thus, if the Washington Nonprofit Corporation Act allows it, the offices of president and vice president, for example, could be held by the same person.

Q: Is it illegal for my partner to tell everyone that i am bought out if it is not true?

1 Answer | Asked in Business Law for Washington on
Answered on Aug 29, 2015

More information about specifics is needed. A local lawyer can advise.

Please Take Notice: I am not your lawyer unless we enter into an engagement agreement in writing. This is general information that is given for legal education only. It is not legal advice, and it may not work for your specific situation. It is impossible to evaluate a legal problem without a comprehensive consultation and review of all the relevant facts and documents. I strongly encourage you to consult with a...

Q: Our co-signer took our truck from work. We are not in default on payment

1 Answer | Asked in Business Law for Washington on
Answered on Oct 30, 2012

You asked this question some time ago so perhaps you've already found the answer. The answer to your question depends somewhat on whether the co-signer also had a property interest in the vehicle (i.e., was his name also on the title?). If he is a co-owner then he may have equal rights to possession of the vehicle. If however he's just a co-signor and you are current with your payments I don't see why he would have any legal right to take your vehicle. You should consult with a local...

Q: Where can I find the WA state code that defines the business type "Sole Proprietorship"?

1 Answer | Asked in Business Law for Washington on
Answered on Apr 6, 2011

"'Sole proprietorship' means a legal form of organization owned by one person meeting the requirements of RCW 18.04.195." Wash. Rev. Code Ann. § 18.04.025.

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