Articles by Aaron G. Thomson

SICK LEAVE, POT LAWS LEAVE EMPLOYERS FEELING QUEASY

Date: May 6th, 2013
Categories: Employment Law

Has the city of Seattle gone too far with its current safe/sick time law? If you own a business anywhere outside of Seattle, but have employees who spend a fair amount of time within the city, you probably think the answer is yes. Seattle requires … Read More »

9TH CIRCUIT PROVIDES INVESTORS WITH “SHELTER” FROM SECONDARY LIABILITY

Date: June 26th, 2012

Copyright infringement: It’s become so commonplace you probably don’t even notice it anymore. At any given time, a good portion of your Facebook news feed may consist of infringing content; shared pictures, videos, music and books. In fact, there is a good chance you’re reading … Read More »

ARE THEY REALLY ACCREDITED INVESTORS?

Date: April 26th, 2012

If you’ve been involved as an issuer of securities in a private placement, you know the routine: Your lawyer has made sure that your form of stock purchase agreement, by which investors invest in your company in exchange for shares thereof, contains a number of … Read More »

JOBS ACT: BIG CHANGES MADE TO ALLOW SMALL INVESTMENTS

Date: April 17th, 2012

A very important and exciting piece of legislation just passed the House and Senate, and on April 5, 2012, received President Obama’s signature. The legislation is all about creating jobs for American workers by allowing businesses to raise capital through avenues currently prohibited or limited … Read More »

WHICH JANUS SAID WHAT? WHERE THE BUCK STOPS FOR SECURITIES FRAUD

Date: March 26th, 2012

Last year, the U.S. Supreme Court issued a ruling that, on its face, appeared to be based so squarely in common sense that one may wonder why a writ of certiorari was needed to confirm it. Boiled down, the ruling is simple: one should not … Read More »

WASHINGTON SENATE WORKING ON B&O TAX EXEMPTION FOR NEW BUSINESS

Date: February 9th, 2012
Categories: Start Ups

On February 3, 2012, the Washington State Senate Committee on Economic Development, Trade and Innovation voted in favor of Senate Bill 6327[1. SB 6327 has been referred to the Ways and Means Committee, the primary fiscal committee for the Washington State Senate. The Committee has … Read More »

SEC ISSUES FINAL RULE ON “ACCREDITED INVESTOR” DEFINITION

Date: January 11th, 2012

On October 11, 2010, I wrote an article about the Obama Administration’s sweeping changes to financial regulation in the Dodd-Frank Wall Street Reform and Consumer Protection Act, Pub. L. 111-203, H.R. 4173 (the “Act”). In particular, I focused on Section 413(a); a subtle, yet significant … Read More »

CONGRESS TIGHTENS STANDARDS FOR ACCREDITED INVESTORS

Date: October 11th, 2010

In the wake of the 2007 Wall Street crash and economic recession, the Obama Administration has responded with attempts to reform financial regulation in America. The most sweeping changes to financial regulation can be found in the Dodd-Frank Wall Street Reform and Consumer Protection Act, … Read More »

REVERSE STOCK SPLITS CAN BE USED TO FORCE OUT MINORITY SHAREHOLDERS, SAYS WASHINGTON SUPREME COURT

Date: September 28th, 2010
Categories: Corporate Law

On July 22, 2010, the Washington State Supreme Court dealt a serious blow to the prospects of minority shareholders who are forced out of corporations through corporate restructuring techniques that are expressly allowed under the Washington Business Corporations Act (WBCA). One of those techniques is … Read More »

IMPORTANT CHANGES TO LLC ACT EFFECTIVE JUNE 10, 2010

Date: June 8th, 2010

Back in October of 2009, I wrote an article on latent defects in Washington’s Limited Liability Company Act, RCW 25.15. et seq (the “Act”) highlighted by Substitute House Bill 1592 and the Washington Supreme Court’s May 14, 2009 decision in Chadwick Farms Owners Association v. … Read More »