Changes to Washington Business Law in 2016
By Amy E. Geerhart, Attorney, Sussman Shank LLP Washington adopted meaningful changes to its business laws effective January 1, 2016, substantially modifying legal requirements for Washington limited liability companies and filing obligations for all forms of business entities. These changes were codified in the revised Washington Limited Liability Company Act (the “Revised Act”) and in […]
NACM Northwest Foundation Annual Meeting
There is a NACM Northwest Foundation Annual Meeting coming up! June 22, 2016 NACM Northwest offices 5:00 PM 2015 financials will be reviewed, board members will be elected, officers for the coming year will also be elected. All NACM Northwest members are invited to attend!
Top Concerns of Financial Professionals
An early 2016 study conducted by the Financial Executives Research Foundation and risk and business consulting firm, Protiviti, confirms what many financial and trade credit professionals already know: “financial functions are beyond busy.” Responsibilities are rising for people in these parallel fields, and that is only expected to continue through the second half of the decade. Key findings […]
Call on Analysis, Credit Experience to Tackle Workouts
So your customer has recurring payment delinquencies or is experiencing consecutive periods of poor financial results. Perhaps more alarming, the customer is suffering from a broader economic slowdown, has unfulfilled payment obligations, or is experiencing management changes or recurring order holds. The time for a “workout” session has arrived. Now you will assess an account’s […]
When Worlds Collide: Article 2 of The Uniform Commercial Code and Chapter 11
Picture the scene: You have just received word that your customer has filed Chapter 11. You had followed my advice and put the customer on a cash-before-delivery basis and demanded assurances of performance. You were successful in reducing the accounts receivable owed, and avoiding preference liability in doing so. The customer, now a Chapter 11 […]
Top Riskiest States for E-commerce Fraud Attacks
2015 data shows where billing and shipping e-commerce fraud attacks occur in the United States. Experian e-commerce fraud attacks and rankings now available. Does knowing where fraud takes place matter? With more than 13 million fraud victims in 2015,[1] assessing where fraud occurs is an important layer of verification when performing real-time risk assessments for […]
Oregon Legislation Tracked by NACM
By: Cindy Robert, Rainmaker Government Strategies All the legislation of interest to NACM failed. One we were opposed to and worked against, and on the other two we were neutral. HB 4065 OPPOSED In response to the recent Secretary of State audit relating to collection of funds owed to the state and consistently poor reports by […]
Take the Fear Out of Performance Evaluations
By Ranjit Nair, Ph.D., Price Associates Understanding and evaluating others is the innate leadership trait and ability to see the individuality in others and to recognize a person’s perspective and how that perspective was formed. Demonstrating brilliance in managing the performance of employees is evident when leaders demonstrate authenticity and drive the right dialogues therein. The […]
WA State SB 6482
In the last ten days, various committees of the Washington State Senate have been considering Senate Bill 6482 which seeks to modify current lien law. The bill has been moved out of the Rules Committee aiming for an ultimate vote by the Washington State Senate. It is clear that none of the business association testimony was […]
Why it is Good Practice to Periodically Check an Entity’s Status
Written by: Laurie R. Hager, Sussman Shank LLP Republished from Sussman Shank’s newsletter. This article is based on a scenario that I encounter as a litigator all too often. “You,” for purposes of this article, have entered into a long-term contract with Company, Inc., an Oregon corporation. The contract may be a credit agreement, a supply agreement, […]