Legal Think Pieces

Small Business Guide to the Corporate Transparency Act – 2025 Update

Posted by Michael D. Whipple | Mar 07, 2025 | 0 Comments

The Corporate Transparency Act (CTA) is facing significant changes following a 2025 announcement by the U.S. Treasury Department to pause enforcement of its beneficial ownership reporting requirements. This decision provides relief for small businesses, as the Treasury plans to limit the CTA’s scope to foreign reporting companies only. Small business owners are encouraged to stay updated as the regulatory landscape continues to evolve. Learn how these updates affect your business in our latest guide.

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Strategies for Success in Business Estate Planning

Posted by Michael D. Whipple | Jun 11, 2024 | 0 Comments

Business estate planning is a critical yet often overlooked aspect of entrepreneurship. It ensures the smooth transition of ownership, protects business assets, and secures the long-term legacy of your enterprise. This guide from The Whipple Law Group outlines key strategies for creating a comprehensive estate plan tailored to business owners. Topics include setting clear planning goals, choosing a capable successor, leveraging legal tools like wills, trusts, and buy-sell agreements, and addressing tax implications and asset protection. The article also emphasizes the importance of business valuations, contingency planning with insurance, and designating powers of attorney. Regular reviews and clear communication with stakeholders are essential to keep the plan effective. By proactively planning with qualified legal professionals, business owners can safeguard their operations and family’s financial future.

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Small Businesses Guide to the Corporate Transparency Act

Posted by Michael D. Whipple | May 31, 2024 | 0 Comments

The Corporate Transparency Act (CTA) requires most U.S. corporations, LLCs, and similar entities to report beneficial ownership information (BOI) to the Financial Crimes Enforcement Network (FinCEN) to combat financial crimes. This article outlines who must comply, what exemptions apply, and the specific information required for both businesses and their beneficial owners. It details initial and ongoing filing deadlines, explains the consequences of non-compliance—including steep financial penalties and possible imprisonment—and provides a step-by-step compliance guide. Business owners are encouraged to review their structures, gather necessary data, and keep records up to date. The article also highlights the importance of regular reviews, internal policies, and staff training, recommending professional legal support to ensure full compliance. The Whipple Law Group is available to help businesses navigate these new requirements.

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What are RCWs and WACs? – Understanding Washington Law

Posted by Michael D. Whipple | Apr 10, 2024 | 0 Comments

Washington State’s legal system is governed by the Revised Code of Washington (RCW), which consists of statutes enacted by the legislature and signed into law, and the Washington Administrative Code (WAC), which regulates state agencies. RCWs are categorized by Title, Chapter, and Section, covering areas like estate planning (Title 11) and criminal law (Title 9A), while WACs guide agency decision-making and enforcement. Since laws and regulations evolve, staying informed is essential, but legal matters can be complex. At The Whipple Law Group, we help clients navigate the legal system with clarity and confidence.

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Business law & Estate Planning

Posted by Michael D. Whipple | Oct 03, 2023 | 0 Comments

Business succession planning (i.e., an estate plan for your business) is a crucial component of personal estate planning that ensures a smooth transition of ownership and management of a business from one generation to the next. Succession planning involves the development of a comprehensive stra...

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Woodland Sued Over Fees for Records

Posted by Michael D. Whipple | Apr 06, 2016 | 0 Comments

Article By Amy Fischer, Columbian City Government Reporter Stephen Kirby, who owns Tikor Consulting, had sought information from multiple governments about how much they were being charged by outside attorneys for their work, said his attorney, Michael Whipple of the Spokane-based Whipple Law Gro...

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