Inset: This post was co-authored by Joe Wallin, a partner in the Seattle, Washington office of Carney Badley Spellman and Jonathan Wilson with the FinCEN Report. Original post found here. The Corporate Transparency Act (CTA) took effect January 1, 2024. This new federal law will require non-exempt reporting companies to report personally identifiable information for each beneficial owner (each,Continue reading “CTA Beneficial Ownership Reporting Challenges in Community Property States”
Category Archives: Startup
Washington State House Bill 1155 – My Health My Data Act
By Amy Weston 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 careContinue reading “Washington State House Bill 1155 – My Health My Data Act”
More Notes, More Problems: Musing on Convertible Notes and SAFEs
Convertible notes, SAFEs, and every other type of convertible equity instrument are to startup financings what bread is to a sandwich, or Ringo is to the Beatles—not the most exciting part, but they’re almost always there, and you’re kinda stuck with them. In our experience, most early-stage companies use some form of convertible instrument forContinue reading “More Notes, More Problems: Musing on Convertible Notes and SAFEs”
CARES Act: How the Paycheck Protection Program Can Help Your Company
Congress has passed and President Trump signed into law on March 27 the Phase 3 COVID-19 Relief package commonly known as the “CARES ACT” in an attempt to provide financial relief to American businesses and the American people in response to the COVID-19 pandemic and specifically include relief to small businesses through up to $349Continue reading “CARES Act: How the Paycheck Protection Program Can Help Your Company”
How to Form a Washington Corporation
[Update: the Washington legislature updated RCW 23B in 2020. This post, Washington Corporation, is out of date in some respects and was updated here.] Introduction If you are going to form a Washington corporation, you need to exercise care and you probably want to hire a lawyer to help you. The reason for this isContinue reading “How to Form a Washington Corporation”
The 9Mile Innovation Framework© – A Structured Methodology for Technology Company Development
Guest Post by the Team at 9Mile Labs When we ventured into the startup accelerator business over three years ago, we knew we were headed into brand new territory. The startup accelerator business model was pioneered in 2005 by Paul Graham at YCombinator (YC) and then subsequently adopted by many others after high-profile YC successesContinue reading “The 9Mile Innovation Framework© – A Structured Methodology for Technology Company Development”