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
I had the pleasure and privilege to work with Bryn Peterson for over two years at Tree Top, Inc. During that time, I worked with Bryn on several company issues and always found his work to be professional and well done. Bryn demonstrated his legal experience and knowledge on many levels throughout the organization, and always had the best interests of the company in mind.
Scott T.
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 has been a big asset to me as he is always thorough and has impeccable integrity. Bryn’s knowledge and skills have made it easy to accomplish projects on time and on budget. He always has a great attitude and is a pleasure to work with.
Ray C.
Bryn was very helpful in reviewing our company’s transportation contracts and recommended several changes that have come to be very beneficial.
Lonnie 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.