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There are a number of government entities that Washington businesses may need to make filings with prior to commencing business, including...

There are a number of government entities that Washington businesses may need to make filings with prior to commencing business:

Registering a business with the state. The application itself is not difficult to fill out and can be found here. However, it is ideal for many strategic decisions to be made at the formation of your business, and unless you have experience making these decisions, we suggest that you seek legal advice prior to filing paperwork with the state.
Applying for an Employer Identification Number (EIN) with the Internal Revenue Service. Partnerships, Corporations and multiple member LLC’s need their own EIN’s. If you are operating as a single member LLC or a sole proprietorship, you can use your Social Security Number instead of an EIN….

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In Moore v. CAI, a recent Washington Court of Appeals case, the Court discussed a number of important issues related to employment law.

Case Background
Robert Moore worked at Commercial Aircraft Interiors LLC (CAI) as VP of sales and marketing. Moore was laid off by CAI in a general work force reduction. During his tenure with CAI Moore signed a document acknowledging that he understood and agreed to abide by CAI’s “policy of non-disclosure of any and all company policies, trade secrets, intellectual properties, and customer contacts to outside entities or persons.”

Moore sought employment from Volant, a CAI competitor. Volant was prepared to hire Moore, so long as CAI stipulated that such employment would not violate any agreement CAI had with Moore.

CAI…

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In this week's News Roundup 2012: Microsoft battles Google in patent case, Facebook IPO Flops and hurt Morgan Stanley, Amazon Shareholders Meet, etc.

International News

Microsoft wins Patent Battle with Google
In a battle between two of the largest US companies, round one goes to Microsoft. A German court ruled that Motorola, which was recently taken over by Google, infringed one of Microsoft’s patents which allows long text messages to be divided into smaller parts and reassembled by the receiving mobile phone.

Microsoft can now demand that a German sales ban on Motorola products if it chooses, or it may demand a license fee to be paid by Google for the rights to use the Microsoft patent. Google says it may appeal the decision.

National News

Facebook IPO Flops; Morgan Stanley Hit Hard
Facebook’s epic IPO flop has hurt more than the social media giant. Morgan Stanley,…

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Today, we've detailed the documentation requirements and 8 important HIPAA-related considerations every business owner should think about.

In this last installment of our series on HIPAA compliance and best practices for your business, we’ve detailed the documentation requirements and 8 important considerations every business owner should think about.

Does HIPAA require any specific documents?
As discussed in previous posts, HIPAA provides for a number of “best practices” which include various documents that you should use to help avoid HIPAA violations. Any documents containing protected health information or policies that govern your use and disclosure of protected health information should be stored, either in written or electronic format, for a period of 6 years.

The following is a list of documents you should consider using in your business in order to avoid any inadvertent disclosure or use of protected health information….

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Corporate Governance

CEO Resigns After Erroneous Academic Credentials Discovered
Yahoo CEO Scott Thompson stepped down after admitting that he misstated his academic credentials. His resume reported that he had degrees in both accounting and computer science, however he has no degree in computer sciences. The misstated credentials were discovered by Dan Loeb, a manager of Third Point, a New York hedge fund that owns 6% of Yahoo’s outstanding stock. Third Point, had been contending that Yahoo was being mismanaged, and was attempting to get three of its nominees elected to the Yahoo board of directors. Apparently Yahoo did not use a background checking firm in its process of appointing a new executive officer. In the fallout from Mr. Thompson’s resignation, the board…

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It's important to understand HIPAA's administrative requirements in order to maintaining compliance. Below is a non-exhaustive list of best practices.

To follow up last week’s blog post about HIPAA’s Privacy Rule, we’ve boiled down some of the most important administrative requirements for maintaining compliance with HIPAA. Below is a non-exhaustive list of best practices for your business.

Carefully develop and implement policies and procedures regarding any protected health information (PHI) that are designed to comply with the Privacy Rule. If you’re not sure about your current policies or are in the process of developing new policies for your business, you should contact a qualified attorney to review your policies.

Implement appropriate administrative, technical, and physical safeguards to protect the privacy of PHI. With the increasing reliance on electronic data storage and processing, it’s becoming more and more important to have a comprehensive…

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HIPAA seeks to protect PHI but allow the flow of health information needed to provide high quality health care and protect public health & well being.

If you’re running a business and you deal with any health information, you are likely aware of the Health Insurance Portability and Accountability Act’s (HIPAA) Privacy Rule. Today’s post provides a summary of HIPAA, who it affects, what it protects, and what is permitted under the Privacy Rule.

Goals of HIPAA
The major goal of HIPAA’s Privacy Rule is to assure that individuals’ health information is properly protected while allowing the flow of health information needed to provide and promote high quality health care while protecting the public’s health and well being.

Basic Principle
A major purpose of the Privacy Rule is to define and limit the circumstances in which an individual’s protected heath information (PHI) may be used or disclosed by covered entities. A covered entity…

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Deferred compensation is compensation to employees or independent contractors that is paid after the income is earned. Examples of deferred compensation include stock options, retirement plans, agreements to defer salary or bonuses, severance agreements, and deferred payments in connection with covenants not to compete.

Qualified Deferred Compensation Plans
Under qualified deferred compensation plans, contributions by employers are not taxed to the employees at the time of the contribution. The full amount of the untaxed contribution can be invested. Employers get an immediate deduction for contributions to qualified plans, even though the employee is not taxed at that time. Eventually benefits from qualified plans are distributed, and are generally subject to taxation at this point. However, distributions can be “rolled over” to IRA’s…

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The jury reach a mixed decision in the case involving Oracle Corp.'s claims that Google Inc. infringed copyrights protecting Oracle's Java technology.

On Monday, the jury reach a mixed decision in the case involving Oracle Corp.’s claims that Google Inc. infringed copyrights protecting Oracle’s Java technology. The jury decided that Google made use of Oracle’s Java interfaces when Google was developing its Android mobile phone software. However, the jury was unable to reach a decision on whether or not the use was protected under the fair use doctrine—an exception to copyright law that allows for limited use of copyrighted material without obtaining permission from the copyright holder.

The jury, after deliberating for nearly a week, found that Google infringed a minimal amount of Java code while it developed the Android software. Due to the minimal amount, Oracle is only entitled to recover statutory damages,…

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Targeting a valuation of $96 billion, Facebook is looking to make a record debut for an American company...

Executive Pay Packages Soar

GMI Ratings’ recent report details second consecutive year of double digit pay increases
GMI Ratings released their 2012 Preliminary CEO Pay Survey that examines pay changes in the Russell Index and the S&P Index. The survey provides a look into the ten highest paid CEOs of 2012 and examines the executive pay packages. Some important highlights from the survey include a second consecutive year of double digit compensation increases at both the median and average level for the Russell 3000, with a median increase of about 15%. Three of the ten highest paid CEOs in 2012 are from the software industry. The highest paid CEO so far is Herbalife CEO Michael Johnson, earning nearly $90 million thus far….

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