What Is Qualified Small Business Stock (QSBS) in Washington, and Why Should Startups Know About It From Day One?
Qualified Small Business Stock (QSBS) is a powerful tax incentive under Section 1202 of the Internal Revenue Code that can be especially beneficial for startup founders and ear Read more....
New Restrictions for Washington State’s Non-Solicitation Provisions
We recently informed on the new Federal Trade Commission (FTC) rule that bans non-compete agreements across the U.S. Washington State is about to take things a step further and Read more....
Department of Labor Announces New Rule on Classifying Workers as Employees or Contractors
The U.S. Department of Labor recently announced a final rule to help employers decide on whether a worker is an employee or independent contractor under the Fair Labor Standard Read more....
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 desi Read more....
Three questions to resolve before you enter a potential acquisition
One of my favorite parts about being an attorney at Foundry is the firm’s acquisition practice. Whether we are representing the buyer or seller, acquisitions are an exciting, Read more....
Hey, Foundry: what are your thoughts on not including a vesting schedule for our founder shares?
Email from a startup whose founders have been working on the company’s product for months prior to incorporating: “Hey, Foundry: what are your thoughts on not including a v Read more....
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 (ICP Read more....
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 a Read more....
Are Non-Solicitation Clauses Enforceable?
A non-solicitation clause is a common provision that employers incorporate into their employment agreements. The clause essentially tries to protect a company’s clients. Unde Read more....
The Importance of Information Security Policies & Why Your Company Needs One
Information security policies, also known as “ISPs,” refer to a collection of directives, regulations, and rules that advise and direct how an organization manages, protect Read more....