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 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.
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.
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.
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.
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.