StokesLaw™ Briefs

In Part 2 of this series on buying and selling a business, Olivia Gonzalez reviews the key provisions included in a letter of intent.

In Part 1 of this series, Sean Griffee and Olivia Gonzalez discuss the differences between an asset deal and a stock deal when buying or selling a business.

The federal Bipartisan Budget Act of 2018 overhauled the former rules for partnership audits. Claire Taylor explains that instead of a tax matters partner, a partnership must now designate a partnership representative.

In the 2019 legislative session, the Washington Legislature passed a bill that makes substantial changes to how taxes on the sale of real property in Washington are calculated and extends the lookback period for controlling interest transfers. This post explains the implications of this bill.

A new bill signed into law will significantly limit the scope and applicability of non-compete covenants in employment agreements. Aviva Kamm explains the new limitations.

A new federal law has changed the way that the IRS audits and collects underpayment of tax (and interest and penalties) from partnerships. Ellen Jackson and Katie Groblewski explain the changes and steps partners should take to comply.