Beneficial Ownership Information Reporting under the Corporate Transparency Act Beginning January 1, 2024, the Corporate Transparency Act (CTA) requires many companies operating in the United States to report information to the federal government about individuals who create, own, or control the companies. Anyone who willfully fails to comply with the reporting requirements can be liable […]
COVID-19 has caused a complete economic shut down as social distancing, stay-at-home orders, and quarantines are now the norm. Many businesses had the foresight to purchase business interruption insurance to provide financial certainty during uncertain times. The question is whether business interruption insurance covers a pandemic such as COVID-19 and the answer depends on the […]
The CARES Act allocates $349 billion for forgivable paycheck protection loans for small businesses, 501(c)(3) nonprofits, sole proprietors, self-employed (even gig economy) workers, and others. The U.S. Chamber of Commerce has an excellent four-page summary here: Generally limited to employers with less than 500 employees, the maximum loan amount is 2.5 times the borrower’s average monthly payroll cost up to a maximum of $10 million. The loan can be completely forgiven to […]
ELM founder Skip Li was the keynote speaker at the 2016 Governor’s Prayer Breakfast, an annual bipartisan gathering of politicians, community leaders, and students. The event dates back to a 1935 gathering of business executives in Seattle that gathered to pray about the issues of the day. In 1941, new Washington Governor Arthur Langley invited […]
Ellis, Li & McKinstry is proud to co-sponsor an important Town Hall event “Being a Courageous Citizen” on July 20 at 6:30 PM. The subject of the evening is Gordon Hirabayashi, who challenged the U.S. government’s race-based evacuation orders as a University of Washington student during World War II and was sentenced to jail. ELM partner […]
On June 2, 2014, the Seattle City Council passed into law new minimum wage standards that take effect April 1, 2015. In order to help employers understand the changing landscape, we summarize the key areas of the ordinance. The new law affects employers differently depending on their size. “Large Employers” employ more than 500 employees, […]
Auto Insurance – Three important types of coverage You have your car or truck, but what about your insurance? Auto insurance is a common form of insurance, but sadly according to the Insurance Commissioner, it generates more complaints than any other type of insurance. This is not surprising because individuals often do not understand […]
All lawyers have “war stories” to share. Amid the euphoria generated by the Seattle Seahawks Super Bowl win and celebration parade in downtown Seattle, a wonderful tidbit of forgotten history surfaced. We recently learned that our own Skip Li played a role – albeit a small one – in getting the Seahawks for Seattle. He’s shared […]
Construction is moving again. From mega-projects like the SR99 Tunnel and the SR520 bridge to new housing projects down to the modest bathroom remodel, these improvements bring great benefits to our communities. They also carry endless possibilities for disputes through misunderstandings, mistakes or even overt misconduct. Owners and contractors in large projects work closely with […]
ELM Partner Steve O’Ban has been appointed by the Pierce County Council to the vacancy in the Washington State Senate created by the death of Senator Mike Carrell. Steve served this last term in the Washington State House of Representatives after being elected in November 2012. He will continue to practice law at ELM; in […]
