Earlier this week, I discussed the Washington Contractor’s Registration Act bond. This is the statutory and mandatory bond that is a must for every construction company in the State of Washington. My prior article discusses questions of the amount of the bond, priority to the bond and your abi[...]
Archive for the ‘Collection’ Category
August 18th, 2010 - 11:46 am § in Bonds & Surety, Collection, Construction Liability, Managing Risks
What You Should Know About a Washington Contractor’s Bond
In the days of financial hardship, its important to know how to collect your accounts from contractor debtors. Any debt, whether you are a supplier, subcontractor or simply a property owner, can be difficult to recoup. You should know that the State of Washington requires that each contractor post a[...]
WA Court of Appeals: Undistributed Assets Go to LLC Members After Cancellation
Our Washington State Court of Appeals, Division III, handed down an interesting ruling relating to the assets of cancelled LLCs. Considering the increased use of the LLC form by many contractors, it bears mention on this blog. In the past year, we have seen several cases and responsive legislation p[...]
