Business Startup

How to Dissolve Your Washington Business

If you’ve decided to move on from the business you’ve started and it doesn’t make sense to sell it, you’ll likely want to dissolve your Washington business. To do so, you’ll need to consider the following steps:

Dissolving a Corporation 

To voluntarily dissolve a Washington corporation, generally the corporation’s board of directors will propose dissolution and submit the proposal for a vote by the shareholders. Two-thirds of the authorized shareholders then must approve the proposed dissolution. The initial directors, incorporators, or board of directors may also dissolve the corporation by majority vote under certain circumstances, like when no shares have been issued.

Following the vote to dissolve, the corporation must file Articles of Dissolution with the Secretary of State to notify the state of the corporation’s intention to...

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Business Startup

News Roundup: Student debt; Uber; and Airbnb

 

What we’ve been reading this week at InVigor:

Federal government preparing to forgive billions of dollars in student loans to doctors and white-collar Americans under debt forgiveness law How to win an argument at Thanksgiving dinner like a trial lawyer Why Uber is not the future of work French couple sues Airbnb for copying their apartment Tesla recalls 90,000 sedans due to one European customer’s seat belt issue Research shows that eating together can enhance performance. Looks like lunch is on the company!

Photo: Islxndis | Flickr

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Business Startup

Washington LLC Formation Checklist

The Washington Secretary of State has created a streamlined process for businesses to create limited liability companies. If you’re forming a LLC in Washington, the following Washington LLC formation checklist might be helpful to review to ensure you consider the steps for proper LLC formation:

1) Check the Business Name. Before settling on a business name, you’ll want to make sure that the name is available and conforms with statutory requirements. An easy way to check if your name is available is by running a business search here.

2) Certificate of Formation. Prepare and file the Certificate of Formation with the Secretary of State to “create” the LLC. You can file the Certificate of Formation online here. When you file your Certificate...

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Business Startup

Changes to the Washington Limited Liability Company Act

Earlier this year, the Washington state legislature unanimously passed and the governor signed legislation making changes to the Washington Limited Liability Company Act—the most sweeping changes to Washington LLC law in recent history.

The Washington State Bar Association requested that the state make changes to the Washington Limited Liability Company Act. The bar association’s goal was to make the law easier to understand and more flexible by modifying provisions that the association described as creating pitfalls and unnecessary problems. The Washington state Senate and House eventually passed legislation making those changes, and Governor Inslee signed the law on May 7, 2015. The new changes will go into effect on January 1, 2016.

Some of the major changes to the Washington Limited Liability...

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Business Startup

News Roundup: Social Justice Hackathon; Shark Tank; and Surge Launch

What we’re reading this week at InVigor:

This weekend is the Social justice hackathon event, bringing law students, lawyers and developers together to create software applications designed to improve access to legal service.

Why Mark Cuban is willing to back the worst company in ‘Shark Tank’ history.

How to know when it’s time to hire an assistant.

New Surge Launch accelerator pairs startups with mentors and up to $80K in seed funding.

Leaders of the tech world are asking, what do you still wish there was uber for?

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Business Startup

News Roundup: Pioneer Square Labs; Fantasy Sports; and Google’s OKR System

What we were reading last week at InVigor:

Prominent Seattle investors raise $12.5M for ‘startup studio,’ Pioneer Square Labs

6 alternative ways to fund your business without an investor

Traffic-boosting SEO fundamentals for content marketing

Fantasy sports operator, DraftKings, is being investigated by the U.S. Justice Department and FBI to determine whether daily fantasy games are a form of online gambling

The efficient internal system Google uses to grade its employees and their exemplary tips to being a great boss

A simple formula for changing behavior and to strengthen leadership

Photo: Yoel Ben-Avraham | Flickr

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Business Startup

Seattle Welcomes to Town “Startup Studio” Pioneer Square Labs

Startup accelerator? Nope. Startup incubator? Nope. Venture fund? Nope. Pioneer Square Labs is a “startup studio,” with its sights set on helping entrepreneurs develop ideas and then validate or crush them.

Started by several prominent Seattle-based entrepreneurs, investors, and technologists (including co-founders Geoff Entress, Greg Gottesman, Mike Galgon, and Ben Gilbert), Pioneer Square Labs just raised $12.5 million from from 13 venture capital firms and over 50 angel investors. The prominent venture fund Foundry Group led the round, with its managing director, Brad Feld, taking a seat on PSL’s board. The headquarters for its operations are currently on the fifth floor of the Galvanize building in the Pioneer Square neighborhood of Seattle.

Pioneer Square Labs offers Seattle startups and entrepreneurs access to several invaluable resources, including proven...

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Business Startup

News Roundup: Glowforge 3D Printers; Geekwire Summit; and Venture Capital

What we’ve been reading this week at InVigor:

Glowforge, a Seattle based startup, opened up sales for 3D laser printers yesterday. They hit $1 million in just 12 hours.

The GeekWire Summit is next week. The conference convenes business leaders, engineers, investors and innovators for conversations about the future of business and technology.

Pragmatic advice from the Health Innovation Summit for aspiring healthcare entrepreneurs.

Copyright law: If a monkey takes a selfie, who owns the copyright?

Sweden has is experimenting with a 6-hour workday, proving working smarter is better than working longer. Could the U.S. ever adopt this kind of system?

4 angel-certified steps to get your startup off the ground without any venture capital

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Business Startup

News Roundup: Chicago Women Entrepreneurs; Amazon Under Fire; and Historical Heroes

What we’ve been reading this week at InVigor:

Chicago is the top city for women entrepreneurs in the world.

Today marks 10-year anniversary of Hurricane Katrina. This article reminds us that natural disasters are far from equal-opportunity catastrophes

Amazon under fire, but has yet to yield same day shipping for all products

US National Labor Relations Board is redefining what it means to be an employer

4 amazing charts from historical heroes. Everyone loves a good chart

This man spent a month replying to all his PR emails with “I love you”

Flickr I Photo: Liquer Felix

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Business Startup

News Roundup: Avvo Raises Cash; Closing the Gender Gap; Microsoft Maternal Leave

August 7th, 2015 News Roundup

Here’s what we’ve been reading this week:

15 Free Online Learning Sites Every Entrepreneur Should Visit  Some very helpful (and free) resources

Legal Advice Startup Raises $71.5M Yay Avvo!

Closing the Gender Gap in Leadership Starts with You

Identify Your Entrepreneurial Personality Type A short and insightful assessment to identify your entrepreneurial strengths and weaknesses

Google’s New Update tells you when places are busiest. Great for the busy summer weekends!

Jon Stewart’s 5 Best Interviews on Entrepreneurship Don’t leave

Flickr I Photo: Zarko

Seattle’s Microsoft Now Offers 12 Weeks of Maternal and Paternal Leave Awesome ...

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