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Moulton Law Offices, P.S. Motto

Category Archives: Limited Liability Companies

Legal10

What Happens to a Washington Single-Member LLC When the Member Dies?

By Moulton Law Offices, P.S. | Posted on November 5, 2024

If you own–or plan to start–your own business, it is important to consider the future probate implications of your business structure. For example, if you are a sole proprietor, your business essentially lives and dies with you. A sole proprietor is an unincorporated business with no legal existence separate from the proprietor. This means… Read More »

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Should You Take Out Life Insurance on an LLC Member?

By Moulton Law Offices, P.S. | Posted on October 22, 2024

If you own or co-own a Washington business, you might consider taking out a life insurance policy to protect that business in the event of your sudden death. For example, many Washington limited liability companies take out life insurance policies on their members. This can provide liquidity to buy out the member’s interest in… Read More »

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