The Foundry Law Blog

Protecting Your Business Against Trade Secret Theft

By Megan Wargacki: Economic espionage, cybercrime and trade secret theft against U.S. businesses has doubled in the last seven years from 1988-199, doubled again in the nine years between 1995 and 2004 and is slated to double again by 2017. Business’ trade secrets are vulnerable to disloyal employees, neglectful employees, competitors, hackers, or even foreign […]

Does your Intern qualify as an unpaid intern?

According to a recent article by the New York Times, unpaid internships are proliferating. Given the continuing uncertainty of the economy, this shouldn’t come as a great surprise – it’s hard to beat the allure of free labor. However, employers need to be wary about how they structure any offered internships; otherwise, they could run […]

Does the Seattle Paid Sick/Safe Time Ordinance Apply to Your Business?

All employers with employees working in Seattle, even those who only work in Seattle occasionally, need to read-up on Seattle’s Paid Sick/Safe Time ordinance (PSST for short). If PSST applies to your business, it establishes minimum standards for paid sick leave and safe time for most of your Seattle employees. These minimum standards do not apply to […]

Effective Date 2012: Local and Federal Legislation Changes and Extensions

With the New Year in full swing, it’s a good time to consider new laws that will take effect in 2012 (and to be reminded of some that remain in effect). Effect of Washington State’s new liquor law on local restaurants, bars, and craft distilleries. The annual adjustment of Washington’s minimum wage. New employment-related changes […]

Restricted Stock and IRS Section 83(b) Election

Making a § 83(b) election for restricted stock can be a complex decision due to the inherent risks involved. It is best to get the advice of legal and tax counsel before making this decision. The election deals with property subject to a substantial risk of forfeiture. The reason its so popular for founders of […]

Workers Compensation for Business Owners

The University of Washington Business and Economic Development Center is currently offering a business certificate program for local business owners. I enrolled in the program and although I do have a business background I have found it very valuable.  Last week the instructors were from the Department of Labor and Industries. They spoke in great […]

Reclassifying an Independent Contractor into an Employee

As we all know well, Independent contractors (ICs) must pay their own state and federal income taxes, and with employees an employer has to collect federal taxes and pay part of the Social Security and Medicare taxes. As a result, a number of business owners prefer to hire Independent Contractors. However, there exists a fine […]