The Foundry Law Blog

Which Entities Are Subject to FinCEN’s New Reporting Rules?

The Financial Crimes Enforcement Network (FinCEN) recently issued a new Beneficiary Ownership Reporting Rule, which will go into effect on January 1, 2024. The new rule is designed to help combat the use of shell corporations and other entities to facilitate money laundering and other illegal activities. The Foundry Law Group began a three-part blog […]

FinCEN Issues New Beneficial Ownership Reporting Rules

The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) recently issued the Beneficial Ownership “Reporting Rule,” which will directly affect some small business entities. The new rule will go into effect on January 1, 2024. Over the next few weeks, the Foundry Law Group will present several blog posts that will inform you […]

Is it Plagiarism to Use Chat GPT or Other AI Language Models?

The short answer is that it depends on what type of content you’re using the models to generate and whether you properly acknowledge the original source of your content.  In general, plagiarism is the act of presenting someone else’s work or ideas as your own without giving proper credit. Given this definition, there may be […]

What Does “Human” Element Mean as it Applies to Copyright?

The U.S. Copyright Office will only register a work of authorship if that work is “eligible” for copyright protection. The “human” element to copyright is essentially one element for copyright eligibility. In short, the element requires that a work of authorship be created by a human being before it can be copyrighted. The Copyright Office […]

Can I Use Chat GPT to Draft Employment Contracts

We don’t recommend it. For those unfamiliar with Chat GPT, it’s essentially an artificial-intelligence (AI) chatbot that was created by a company called Open AI. It has garnered much attention as of late for its keen ability to generate content across a wide variety of channels, including memos, blog posts, and emails. You just ask […]

New Independent Contractor Protection Ordinance to Take Effect Sept. 1

On September 1, 2022, the City of Seattle will have a new ordinance regrading independent contractors. The new law, labeled the Independent Contractor Protection Ordinance (ICPO), is designed to protect independent contractors from delayed payment and help them receive greater information about the terms and conditions of their work. The ordinance only applies to independent […]

Delaware or Washington: Where Should I Incorporate My Startup?

This is a common question that our attorneys often hear from Washington startups. While the specific answer will likely depend on your particular company and situation, there are a few factors to take into consideration when deciding on your state of incorporation. Some of these include the requirements of incorporation, the overall cost of incorporation, […]