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’s work is exemplary. Well thought through, thorough, and balanced. Bryn is very good as weighing the risks involved against the issue being reviewed. He’s an excellent advisor because he gives you the good, the bad and the ugly of each issue and helps you figure out the best route to take.
Ned R.
Bryn was very helpful in reviewing our company’s transportation contracts and recommended several changes that have come to be very beneficial.
Lonnie R.
Personable and professional at all times, under all circumstances. Demonstrates a “bias for action, clarity, and consistency” through utilization of excellent collaboration and listening skills.
Joe B.
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.
I have worked with Bryn on projects at Tree Top Inc. and I found Bryn to be detailed and professional in his approach to legal counsel. Bryn’s willingness to understand the business needs, and subsequently assuring those business needs are met in the intent and spirit of all contracts and agreements, is invaluable.
Joel Y.
Bryn is an extremely attentive business-focused attorney driven to “get the deal done”. Always willing to share experiences, advice and observations from a legal perspective, Bryn makes extraordinary efforts to understand the business side of issues and the potential opportunities therein.
Woody J.