The Corporate Transparency Act remains in effect for most Washington State LLCs and corporations in 2026, despite court challenges that created confusion since early 2025. Most small businesses must file a Beneficial Ownership Information report with FinCEN identifying individuals who own 25% or more of the company or exercise substantial control. Penalties for willful non-compliance run $591 per day in civil fines, with criminal exposure up to $10,000. Simple single-owner entities can self-file through FinCEN’s online portal, while multi-member or tiered ownership structures benefit from legal review. Ownership changes trigger a 30-day update requirement, making this an ongoing compliance obligation rather than a one-time task. Washington business owners in Bellevue, Kirkland, Redmond, and surrounding King County communities should verify their filing status now.
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Testimonials
Bryn has been an outstanding lawyer to work with. He is conscientious and always on top of things. Not only does he stay on top of the small details of the job, but also keeps the big picture in focus. He is personable and easy to work with, and has a good sense of humor. Highly recommended!
Elton L.
I had the pleasure of working with Bryn when he was our inside counsel. Our interactions were centered around supplier contracts and the occasional issue where I needed guidance. Bryn was always helpful, thoughtful and thorough in his responses. Very good to work with.
Scot R.
Bryn was detailed and thorough in reviewing agreements. Bryn was responsive and communicated well the major points I need to be aware of before signing an agreement. Bryn was personable and was knowledgeable in his area of study.
William C.
Over a number of years, I worked directly with Bryn in his capacity as corporate counsel for Growers Express (Green Giant Fresh). Bryn oversaw legal matters for a number of diverse agribusinesses including a large captive insurance company. Bryn is detail oriented and very proactive when it comes to assuring the business interests he represents avoid unnecessary liability and exposure. He was a valued member of the team and worked well in a fast paced, complex environment. I highly recommend Bryn Peterson as a competent and reliable corporate counsel.
Tom R.
Bryn Peterson is a knowledgeable and balanced corporate attorney with a wide-range of experience from trademarking to lease and trade negotiations. I had the pleasure of working with Bryn on almost a daily basis when he worked for Tree Top. Because our offices were next door to each other I saw and heard him in action interacting with dozens of people daily on all kinds of issues. In my role as Corporate Communications Director I also worked directly with Bryn and sought his expertise on many occasions related to food safety regulations, consumer concerns, vendor agreements and personal services contracts. Bryn was thorough in his review, thoughtful in his guidance, and diligent about serving the best interest of the company. I am confident Bryn will serve his clients well and deliver outstanding service.
Sharon M.
Bryn helped with a few members who were in dealing with legal situations. I was very pleased with his ability to listen and understand their situations and to provide a well thought out conclusion that was fact based. Each situation meet the demands and needs of our members.
Monty S.