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Protect Your Profits: Don’t Gamble on Business Insurance

Being a business owner can be incredibly rewarding. It feels great to see an idea become a reality, increase your revenue, and create a job for someone who needs one. But, as all business owners know, with reward comes risk. There’s not much you can do to eliminate risk from your business, but you can get pretty close with the right systems.

A complete insurance system is one of the most essential systems your business can have. With the right policies and guidance, you can safeguard your personal and business assets against unexpected threats like lawsuits, property damage, and employee injuries, providing you with a sense of security and peace of mind.

In this article, we’ll look at the different types of business insurance, what’s legally required, and how to choose the best coverage for your needs. Read to the end, and I’ll show you how to get the proper support to protect your business.

Understanding Your Legal Obligations

Before you start exploring the different types of business insurance, understanding what’s required by law can provide a sense of relief. Depending on where you live and the nature of your business, you may be legally obligated to carry certain types of insurance. 

Federal law mandates that employers carry workers’ compensation, unemployment insurance, and disability insurance. These coverages are essential in protecting your employees and ensuring they receive the necessary support if they’re injured or unable to work due to a job-related issue.

Workers’ Compensation. This insurance covers medical expenses and lost wages for employees who get injured or sick due to their work. It’s a must-have if you employ three or more workers, whether they’re full-time or part-time.

Unemployment Insurance. This coverage provides financial support to employees who lose their jobs through no fault of their own. It helps them bridge the gap while they search for new employment.

Disability Insurance. Disability insurance protects employees who can’t work due to a non-work-related injury or illness. It’s another layer of protection that’s crucial for both you and your employees.

Beyond federal requirements, each state has its own rules regarding business insurance. For example, if you use vehicles for business purposes, you may be required to carry commercial auto insurance. This is only one example; state laws can vary widely and be complicated. So, working with a lawyer is essential to ensure you comply with the law. As your Business Advisor, I can help. Keep reading, and I’ll show you how to book a call with me to learn more.

Exploring Common Types of Business Insurance

Once you’ve covered the basics of what’s required by law, it’s time to think about additional insurance that can help protect your business from unexpected risks. As a general rule, you should consider insuring against risks that you wouldn’t be able to cover out of pocket. Here are some of the most common types of business insurance:

General Liability Insurance. General liability insurance is a must for any business. It covers many potential risks, including bodily injury, property damage, medical expenses, and legal costs if someone sues your business. For example, if a customer slips and falls in your store, general liability insurance can help cover their medical bills and legal fees if they sue.

This insurance also covers claims of libel, slander, and other personal injuries that might arise from your business operations. General liability insurance acts as a safety net, protecting you from financial loss due to unforeseen accidents and legal challenges.

Product Liability Insurance. You’ll want to consider product liability insurance if your business involves manufacturing, wholesaling, distributing, or selling products. This coverage protects you from financial loss if a product you sell causes injury or harm. For example, if you sell a toy that ends up being a choking hazard, product liability insurance can cover the costs of a lawsuit or any settlements that arise.

Even with the best quality control, defects can happen. Product liability insurance ensures that one mistake doesn’t financially ruin your business.

Professional Liability Insurance. Professional liability insurance is vital for businesses that provide services rather than products. Also known as errors and omissions insurance, this coverage protects you from financial loss due to malpractice, errors, or negligence in your services.

For instance, if you’re an accountant and make a mistake on a client’s tax return, leading to penalties from the IRS, professional liability insurance can help cover the cost of any legal action or settlements. This insurance is essential for service-based businesses where even a tiny error can have significant financial consequences.

Choosing the Right Insurance

Now that you know about the different types of business insurance, how do you choose the right one for your business? Here are four steps you can take:

Step 1: Assess Your Risks

The first step in choosing the right insurance is assessing your business’s risks. Consider the accidents, natural disasters, or lawsuits that could impact your business. For example, if your business is in an area prone to flooding, you’ll want to consider commercial property insurance covering flood damage.

Step 2: Find a Reputable Licensed Agent

Once you’ve assessed your risks, it’s time to find a reputable commercial insurance agent. A good agent will take the time to understand your business and recommend coverage that fits your needs. They will guide you through the complex world of insurance, ensuring you make informed decisions.

Step 3: Understand the Policy Terms

Insurance policies can contain complicated language, but understanding the terms can empower you. Don’t be afraid to ask questions and take the time to understand the terms of each policy, so you’re clear on how coverage works in different scenarios. 

Step 4: Reassess Your Coverage Every Year. As your business evolves, so do your risks. It’s important to review your insurance coverage annually to ensure it still adequately protects your business.

As your business grows and evolves, so will your insurance needs. Each year, review your coverage to ensure it will work when you need it to. For instance, if you’ve purchased new equipment, expanded your operations, or hired more employees, it’s time to update your insurance. Regularly reassessing your coverage with a trusted advisor ensures that you’re always protected, no matter how your business changes. And as your Business Advisor, I’m here to help. 

Business insurance is an investment in the future of your company. By understanding your legal obligations, exploring the various types of insurance available, and following the steps to choose the right coverage, you can protect your business from unexpected risks. Whether it’s a slip-and-fall accident, a product defect, or a professional error, the right insurance policy can be the difference between weathering a storm and facing financial disaster.

Secure Your Business’s Future with the Right Guidance

As your Business Advisor, I know how crucial it is to shield your business from these unexpected risks. That’s why I offer a comprehensive Business Breakthrough Session, where we’ll evaluate your current coverage, identify gaps, and create a strategy to ensure your business is fully protected. Together, we’ll build a safety net that allows you to grow your business confidently, knowing you’re well-equipped to handle anything that comes your way.

Book a call to get started and secure the future of your business. Contact us today!

This article is a service of Res Nova Law, a Personal Family Lawyer® Firm. We don’t just draft documents; we ensure you make informed and empowered decisions about life and death, for yourself and the people you love. That’s why we offer a Life & Legacy Planning™ Session, during which you will get more financially organized than you’ve ever been before and make all the best choices for the people you love. You can begin by calling our office today to schedule a Life & Legacy Planning™ Session.

The content is sourced from Personal Family Lawyer® for use by Personal Family Lawyer® firms, a source believed to be providing accurate information. This material was created for educational and informational purposes only and is not intended as ERISA, tax, legal, or investment advice. If you are seeking legal advice specific to your needs, such advice services must be obtained on your own separate from this educational material.

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The Secret to Effective Networking: It’s Not About You

By Res Nova Law Firm

As a business owner, networking may be a necessary evil. You have to get your name out there by meeting other people, but does it have to be so uncomfortable? Making small talk and figuring out how to promote yourself and your business without sounding cringy is challenging for most of us. 

If you’ve felt this way before, you’re not alone. A recent Forbes article discusses the discomfort in the American networking style and contrasts the American way with how Italians network. The American approach to networking often seems forced and self-serving. However, the Italians network in a way that allows business connections to form naturally, based on genuine relationships and a desire to help others, which is easier and more satisfying. So, let’s explore how you can promote your business by networking more effectively with a few strategies from our friends across the Atlantic. 

The Problem with American-Style Networking

You’ve probably been there. You walk into a crowded room, name tag slapped on your chest, and immediately feel the pressure to “work the room.” Everyone around you is on a mission to collect as many business cards as possible, and it feels superficial or like a waste of time.

But here’s the thing: this approach rarely leads to meaningful connections. You might walk away with a stack of cards, but how many people will you remember? And more importantly, how many of them will remember you?

The American style of networking often focuses on quantity over quality. You’re taught to elevator pitch through conversations, always looking for what others can do for you. It’s exhausting, and frankly, it doesn’t work as well as you might hope. 

The Italian Approach: Building Relationships, Not Contact Lists

Now, picture this: You’re at a small café in Italy. You strike up a conversation with the owner about the local olive harvest. Before you know it, he’s introducing you to his cousin, who runs an import-export business. You’re not trying to network – just having a pleasant conversation. Yet somehow, you’ve made a valuable business connection.

This is the essence of Italian-style networking. It’s not about collecting contacts; it’s about building relationships. Italians don’t see networking as a separate business activity. Instead, it’s woven into the fabric of daily life. They help others because it’s the right thing to do, not because they expect something in return.

The phrase “I’ve got a guy” is common in Italy. Need a plumber? Your neighbor has one. Looking for the best local wine? The shopkeeper has one. This network of personal recommendations is built on trust and genuine connections. And guess what? It’s incredibly effective for business, too.

How to Network Effectively 

How can you bring this Italian flair to your networking efforts? Here are some key strategies to keep in mind:

Focus on Giving, Not Getting. The next time you’re in a networking situation, flip the script. Instead of thinking about what others can do for you, ask yourself how you can help them. You may know someone who’d be perfect for their project, or you have experience that could solve a problem they’re facing.

Offer Something of Value, Deliver it, Then Follow Up. In the same vein, offer something of value to someone else. Then, deliver the thing of value immediately and follow up after. The value should be related to your business or your services and could be a free book, report, or service. Then, once you’ve delivered the valuable offer, continue to add value until they are ready to take the following steps. One example may be including them on your house list and sending a weekly email newsletter. But make sure your newsletter is chock-full of exciting and valuable content people want to read!

By focusing on giving value first, you create a positive impression. People remember those who helped them and are likely to return the favor. Plus, it just feels good to help others!

Take Your Time and Build Genuine Connections. In the Italian approach, relationships aren’t built in a single conversation. Take the time to get to know people beyond their job titles. Ask about their interests, their families, and their dreams. Share your own stories and experiences.

This doesn’t mean you must become best friends with everyone you meet. But by showing genuine interest in others as people, not just potential business contacts, you create more profound, meaningful connections. These are the relationships that lead to long-term business opportunities and partnerships.

Expand Your Network Organically. Instead of limiting your networking to formal business events, look for opportunities to connect with people in everyday situations. Join a local sports league, volunteer for a community project, or become a regular at your neighborhood café.

As you build relationships in these settings, you’ll naturally expand your network. And because these connections are based on shared interests or experiences, they’re often more substantial and genuine than those formed at traditional networking events.

The Long-Term Benefits of Effective Networking

Adopting this approach might feel slow at first. You won’t walk away from every interaction with a new client or business deal. But over time, you’ll build a network of people who know, like, and trust you. And that’s incredibly valuable in business.

Think about it: when you need a service or product, who will you choose? A company you found through a Google search or one recommended by a friend you trust? Effective networking puts you in the position to be that trusted recommendation.

Moreover, this style of networking is more sustainable and enjoyable. You’re not constantly “on,” trying to sell yourself. Instead, you’re building authentic relationships and helping others. It’s a more natural and less stressful way to grow your business connections.

So, it’s time to ditch the aggressive, self-serving approach to networking. Instead, take a page from the Italian playbook. Focus on building genuine relationships, helping others without expecting immediate return, and letting your network grow organically. You might collect fewer business cards, but you’ll create something far more valuable: a network of people who want to see you succeed.

The Advisor You Need When You’re Ready to Build Your Business

As your Business Advisor, I know your marketing and networking strategies are crucial to your business success. I also understand that when you’re trying to build a business, you may be so busy networking that you neglect the other important parts of your business, like your essential legal, insurance, financial, and tax systems. But without these systems, your business can suffer, making your networking efforts fruitless.

That’s why I offer a comprehensive Business Breakthrough session. In this Session, we’ll analyze your current business foundations and develop a plan to address gaps. Together, we’ll ensure that your business is built on a solid foundation so you’re free to do what you do best—focus on growing your business.

Contact us today!

Res Nova Law

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Gluesenkamp Perez, Larsen Introduce Bill to Combat Fentanyl Trafficking

WASHINGTON, D.C. – Last week, Rep. Marie Gluesenkamp Perez (WA-03) and Rep. Rick Larsen (WA-02) introduced the End Fentanyl Trafficking with Local Task Forces Act to establish a dedicated federal funding stream to help multi-jurisdictional drug task forces (MJTFs) combat opioid trafficking in Washington state and across the country.

The End Fentanyl Trafficking with Local Task Forces Act would:

  • Expand and formalize an existing DOJ initiative, the COPS Anti-Heroin Task Force program, to fund MJTFs to target opioid trafficking.
  • Help law enforcement expand partnerships across federal, state, Tribal, and local agencies to address opioid trafficking.
  • Allow funds to be used to create or expand existing MJTFs, hire and train law enforcement offices and other support employees, procure equipment, technology, support systems, and pay overtime.
  • Require 20 percent of funding to be set aside for Tribes and 20 percent to be made directly available to MJTFs. 
  • Double funding historically provided to the COPS Anti-Heroin Task Force program to address opioid trafficking. 
  • Provide technical assistance, including through training centers and facilities, to help instruct law enforcement on best practices for combating opioid trafficking.

“We have to end the deadly flow of fentanyl into our communities before it takes more of our loved ones and neighbors from us, and we need all of the law enforcement talent possible at the table,” Gluesenkamp Perez. “I’m introducing this legislation to dedicate federal funds to multi-jurisdictional task forces and expand partnerships and training – because when law enforcement agencies can coordinate regionally, they can more effectively fight fentanyl trafficking.”

“The opioid epidemic has devastated Northwest Washington,” said Larsen.“Members of local, state and Tribal law enforcement have told me they often lack the funding and resources to stem the flow of opioids and fentanyl that harm the communities they serve. This bill invests in and empowers multi-jurisdictional task forces to get more opioids and fentanyl off our streets – a critical investment that will protect Northwest Washington communities and save lives.” 

In Washington state and around the country, law enforcement agencies partner across jurisdictions to form task forces that coordinate information, resources, and staff to target the illegal distribution of drugs at the local and regional levels. Washington state currently has 16 active MJTFs. 

The Edward Byrne Memorial Justice Assistance Grant (Byrne JAG) program is the leading source of federal justice funding for states, Tribes, and local governments supporting a range of criminal legal system improvement and community advancement initiatives, including MJTFs.

Last year, Reps. Gluesenkamp Perez and Larsen, along with other members of the Washington Delegation urged the Governor to continue to support the important work of MJTFs fighting fentanyl trafficking. The Congresswoman also supports increased funding for the Byrne JAG and COPS grants local law enforcement departments rely on.

Gluesenkamp Perez is working to fight the flow of fentanyl across our Southern Border that is making the work of first responders more difficult. She cosponsored the FEND Off Fentanyl and END FENTANYL Acts in the House, which are now law to target fentanyl traffickers and fight fentanyl smuggling at ports of entry.

Gluesenkamp Perez, along with her bipartisan colleagues, introduced the Invest to Protect Act to help police departments access funding for training, hiring and retention; introduced the Streamlining Federal Grants Act to make it easier for small, rural departments to apply for resources; and helped introduce legislation to support training and recruitment grants and expand access for rural communities.

A one-page summary of the legislation is available here.

“The National Narcotic Officers’ Associations’ Coalition commends Representatives Larsen and Gluesenkamp Perez for their work and introduction of the End Fentanyl Trafficking with Local Task Forces Act. Greater investment in resources for drug enforcement efforts – particularly multi-jurisdictional drug task forces – is needed to counter the alarming trend of drug poisoning,” said Eric Brown, president of the National Narcotic Officers’ Associations’ Coalition (NNOAC). “Multi-jurisdictional drug task forces have generated best practices in information sharing, case deconfliction, and institutional coordination against local and regional drug threats. Given the diversification of Byrne JAG funding for purposes other than multi-jurisdictional drug task forces in some states, this legislation will provide much needed dedicated funding to address the drug poisoning epidemics in our communities.”

“The Major County Sheriffs of America (MCSA) applauds Representatives Larsen and Gluesenkamp Perez for their efforts to combat the fentanyl epidemic and for advocating for essential resources to support our mission of protecting communities across the nation,” said MCSA Executive Director Megan Noland.“The End Fentanyl Trafficking with Local Task Forces Act would provide law enforcement with critical tools to target drug traffickers and prevent fentanyl from entering our communities. We appreciate that the bill would provide dedicated resources to support local multi-jurisdictional drug task forces.” 

“Drug trafficking has brought tremendous harm to Washingtonians as such, the Washington State Narcotics Investigators Association enthusiastically endorses Representative Larsen’s efforts to strengthen partnerships and cooperation between federal and local agencies to save lives and prevent more devastation by addressing opioid trafficking in Washington State. His proposals in Congress represent the balance needed to positively impact lives and livelihoods of those in our state devastated by illicit drug trafficking,” said WSNIA President Chris Foreman. “We urge Congress to pass the End Fentanyl Trafficking with Local Task Forces Act immediately to provide crucial resources to our communities throughout the Pacific Northwest. Failure to do so will cost more lives and devastation caused by overdoses and opioid use disorder, and street crimes in our neighborhoods.”

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City of Washougal Launches HOA and Neighborhood Registry

Washougal, WA — The City of Washougal is excited to announce the launch of its Homeowners Association (HOA) and Neighborhood Registry, aimed at fostering stronger community connections and enhancing local communication. Washougal is comprised of roughly 200 neighborhoods with their own unique character and appeal.

The registry allows HOAs and neighborhood associations to officially register with the city, providing a centralized resource for residents to access information about community organizations. Residents are encouraged to register their associations online to stay informed about city programs, initiatives, and opportunities for collaboration. The city is committed to supporting neighborhoods and strengthening community ties through this new initiative.

“Woven together to create a distinct tapestry, each neighborhood brings its own beauty, its own charm, and identity to the overarching community,” said Sherry Montgomery, Community Aesthetics Program Coordinator. “This registry is a fantastic opportunity for neighborhoods to connect and collaborate. We believe that by working together, we can enhance the beauty and spirit of our community.”

For more information and to fill out the registration form, please visit https://cityofwashougal.us/789/HOA-Neighborhood-Registry.

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Strategies to Bounce Back After Business Failure

Starting a business is tough; sometimes, despite all your best efforts, things don’t go as planned. When your business fails, it can feel like the end of the road. But here’s the good news: failure isn’t the end. It’s an opportunity to learn, grow, and come back stronger. Many successful entrepreneurs now at the top of their game have failed before finding their winning formula. If your last business didn’t work out, don’t lose hope. Here are five essential strategies to bounce back and set yourself up for success.

Strategy 1: Reflect and Learn From Your Mistakes

Understanding what went wrong is the first step to getting back on your feet. It’s easy to get caught up in the blame game, but this is the time to take a hard, honest look at your business. What mistakes did you make? Were there signs you ignored? Maybe the market wasn’t right, the timing wasn’t right, or perhaps you overspent on things that didn’t matter. Whatever the case, reflecting on what happened can help you avoid making the same mistakes in the future, empowering you to take control of your next venture.

What we see most often is that business owners fail because they need to understand the best ways to manage their time, energy, attention, and money. You can always make more money with the right offer to the right people at the right time. So inventory your failure now: did you have the right offer? Were you making it to the right people? And, if not, how can you solve that before your next business venture?

Strategy 2: Rebuild Your Confidence and Mindset

After a failure, your confidence might take a hit. You might start doubting your abilities, wondering if you’re cut out for business. Feeling this way is normal, but you can’t let it hold you back. Rebuilding your confidence is crucial for your next steps. 

Confidence comes from systems and structure. Do you need to learn to use your calendar to focus on what’s most important? Do you need to learn sales, cash flow management, or marketing? Dial in the clarity around the foundations of great business and commit to understanding what you can do differently next time to generate what you need, when you need it, in alignment with your values.

Your mindset is critical. Instead of seeing failure as an end, view it as a stepping stone. It’s also not a reflection of who you are. Failure is just a thing; it’s neutral. It doesn’t say anything about you or necessarily means you don’t have the temperament or skills required to succeed. So stay optimistic and believe that success is possible with the right approach. Reading books or listening to podcasts by successful entrepreneurs who’ve bounced back from failure can be an excellent focus, filling you with hope and optimism for your next venture.

Strategy 3: Plan Your Next Move Carefully

With lessons learned and confidence restored, planning your next move is time. This isn’t about jumping into another business immediately. It’s about taking the time to think things through and set yourself up for success.

If you don’t know what business you want to create next, research different business ideas. What’s in demand? What are people willing to pay for? Consider your passions and strengths—what do you enjoy doing, and how can that be turned into a business? Look for gaps in the market where you can offer something unique.

Once you have a solid idea, create a detailed business plan. This should include your target market, pricing strategy, marketing plan, and financial projections. A well-thought-out plan can help you avoid the pitfalls of your last venture and give you a clear roadmap. If you need help with this, read to the end of this article, and I’ll show you how to book a call with me for support.

Strategy 4: Secure the Right Support and Resources

No one succeeds in business alone. One of the biggest lessons from a failed venture is realizing the importance of support and resources. This time, ensure you have the right people and tools in place.

Start by building a solid network of advisors, mentors, and fellow entrepreneurs. These connections can provide guidance, open doors to new opportunities, and offer emotional support when things get tough. Don’t be afraid to ask for help—successful people always do it. 

I can be a trusted advisor through all stages of your business. When you work with me, I will support you, whether with your legal, insurance, financial, or tax-related systems. I’m also here for counseling and advice. And if I don’t know the answer to your question, I will guide you to the right people who can.

Speaking of financial systems, evaluating which financial resources you need is essential. Do you need to secure outside funding? If so, explore different options, such as loans, grants, or investors. Be realistic about how much money you need and have a clear plan for using it. Remember, having the proper support and resources can make all the difference in whether your next business thrives or struggles.

Strategy 5: Stay Resilient and Keep Moving Forward

Success doesn’t happen overnight, and challenges will come along the way. This is entirely normal. The key is staying resilient and moving forward, even when things get tough.

Setbacks are expected for business, but how you respond to them will determine your success. If something isn’t working, don’t be afraid to pivot or try a new approach. Stay flexible and open-minded, and always be willing to learn and adapt.

It’s also important to celebrate small wins along the way. Acknowledge your progress, no matter how small, and use it as motivation to keep going. Remember why you started first and keep your eyes on the prize.

Finally, take care of yourself. Running a business can be stressful, and it’s easy to burn out if you’re not careful. Ensure you take time to rest, recharge, and maintain a healthy work-life balance. Burning the candle at both ends is a 

Bouncing back after a business failure isn’t easy, but it’s possible. By reflecting on your mistakes, rebuilding your confidence, planning carefully, securing the right support with my help, and staying resilient, you can set yourself up for success. Failure isn’t the end—it’s just the beginning of a new chapter. With the right mindset and approach, your next business venture could be the one that takes off. Keep moving forward, and don’t give up on your dreams.

Your Trusted Advisor For All Business Ups and Downs

I understand the damaging impact setbacks can have on you and your business. That’s why I offer a comprehensive Business Breakthrough Session, during which we’ll analyze your business foundations and ensure they have the right foundations to succeed. 

Remember, bouncing back from failure is not just about avoiding past mistakes; it’s about building a more substantial, more resilient business that can thrive in the face of challenges. Working together can turn your setbacks into valuable lessons and create a roadmap for long-term success.

Book a call to learn more. Contact us today!

This article is a service of Res Nova Law, a Personal Family Lawyer® Firm. We don’t just draft documents; we ensure you make informed and empowered decisions about life and death, for yourself and the people you love. That’s why we offer a Life & Legacy Planning™ Session, during which you will get more financially organized than you’ve ever been before and make all the best choices for the people you love. You can begin by calling our office today to schedule a Life & Legacy Planning™ Session.

The content is sourced from Personal Family Lawyer® for use by Personal Family Lawyer® firms, a source believed to be providing accurate information. This material was created for educational and informational purposes only and is not intended as ERISA, tax, legal, or investment advice. If you are seeking legal advice specific to your needs, such advice services must be obtained on your own separate from this educational material.

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Camas City Council Member Svilarich Arrested, Faces Felony, Misdemeanor Charges

Camas, WA — Camas Police records reveal the details that led to the September 13th arrest of Camas City Council member, John Svilarich. The City of Camas is directing questions on the incident to the police report and county prosector’s office.

Svilarich, 66, according to the police records, was charged with two crimes (reckless endangerment and aiming/discharging a firearm) following a verbal altercation with a fisherman and a pedestrian that occurred on August 31 along the Washougal River Greenway trail in Camas.

The Camas Police Department said the charges against Svilarich stem from a disturbance that “began as a verbal argument between a fisherman along the river, and a pedestrian who was walking along the greenway trail and over the pedestrian footbridge.”

In a document filed by Camas Police detective Gary Manning, Camas Police were dispatched to the scene at the trail just before 8 am on Saturday, August 31 following a 911 call. Daniel Beaudoin, 46, of Portland, reported that a man — allegedly Svilarich — threw a rock at him from a pedestrian bridge and “pointed a firearm at him soon after.”

Police say Beaudoin was fishing when Svilarich, who was walking the trail with John Neumann, allegedly confronted Beaudoin because he threw a cigarette butt on the ground.

“They both yelled and cussed at each other,” police said, adding that Svilarich and Neumann “continued on the trail, north of the bridge” following the verbal altercation . The police report said that when Svilarich and Neumann returned heading south over the pedestrian bridge, Beaudoin told police that Svilarich threw a rock in his direction.

“During this pass (over the bridge), Svilarich was observed, by another witness, looking over the bridge railing two times,” the police report said. “A rock, approximately 5 to 8 inches was thrown or dropped by Svilarich off the bridge, which is at a height of approximately 50 feet above the river” and landed “in close proximity to Beaudoin.”

Beaudoin walked to the trail and “verbally confronted Svilarich for throwing the rock.”

And the arguing continued with both men standing at least 40 feet from one another. The police report said Svilarich allegedly “pulled out a black firearm pistol and pointed it in the direction of Beaudoin.”

The fisherman told police he ran back to the river’s edge and that “Svilarich moved down the main trail path in the direction towards where Beaudoin had been standing, shifting the firearm between having the firearm pointed at Beaudoin and pointing at the ground.”

Camas Police confirmed that Svilarich was carrying a black Walther 9mm semi-automatic handgun “concealed in his back right waistband of his pants.” 

Svilarich does have a concealed-carry license.

In the report, Camas police said “originally [Svilarich] denied having a firearm, then stated he had one but did not display it.”  Svilarich later told police he had pulled his firearm but had not pointed it at Beaudoin but, instead, “had it at ‘low ready’ to protect himself.”

Svilarich also admitted to throwing the rock off the pedestrian bridge “but stated he did not know Beaudoin was in the vicinity of where it landed.”

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The Corporate Transparency Act: Are You Compliant?

The Corporate Transparency Act, a significant law passed in 2021, is designed to combat financial crimes like money laundering and tax evasion. It requires many businesses to disclose information about their owners. While this may seem like an additional responsibility, it’s crucial to understand its impact on your business and take the necessary steps to comply. With the deadline approaching quickly, I’ll also show you how to get the necessary support to ensure your business is compliant, relieving you of any compliance-related stress. 

CTA Basics: What You Need to Know

The CTA is based on lawmakers’ concern about the role of shell companies in facilitating illicit activities. These shell companies are often used to disguise the actual ownership of assets, making it difficult for law enforcement to trace the money flow. Therefore, the core purpose of the CTA is to collect beneficial ownership information. You’ll need to provide details about the individuals who ultimately own or control your business. This includes names, dates of birth, addresses, and passport or government-issued ID numbers.

You’ll also need to provide information about your business, such as its legal name and address and the name and address of a company applicant (usually the person who formed the company). By requiring businesses to disclose their beneficial owners, the government aims to expose shadowy operations. This increased transparency is expected to deter criminals and make investigating and prosecuting financial crimes easier.

Moreover, while the CTA casts a wide net, it doesn’t impact every business. It targets corporations and limited liability companies (LLCs) that operate in the United States. However, the definition is broader than just these types of entities. Any business formed by filing paperwork with a state or tribal government is likely covered. That most likely means your business is subject to the law. One general exception is a business structured as a sole proprietorship or partnership. But it’s always a good idea to double-check to be sure. 

How to Comply With the CTA 

Now that you know the purpose of the CTA, how it works, and the impacts on your small business, let’s turn to compliance. To ensure your business is compliant with the CTA, you should take the following steps:

Determine if your business is subject to the law: Understand the specific requirements based on your business structure and formation date. As your Business Advisor, I can help. Book a call with me, and I’ll show you how to answer your questions.

Gather necessary information: As outlined above, collect the details about your business and its beneficial owners.

Choose a reporting method: Decide how you will submit the information to the Financial Crimes Enforcement Network (FinCEN), the government agency responsible for administering the law. This can be tricky, so don’t hesitate to contact me, and I’ll help you with it.

Maintain records: Keep accurate and up-to-date records of the information you provide. If you work with me, I’ll also support you with this. I’ll keep your information on file so it’s readily accessible if needed, and I’ll also support you on an ongoing basis to help keep you accountable for maintaining accurate records. 

Stay informed: Stay current on any changes or updates to the law or regulations. When you work with me, I’ll do this for you and notify you when any changes affect your business, so you’ll never have to worry if your business is at risk.

While these steps provide a solid foundation for compliance, it’s essential to understand the potential consequences of non-compliance. Failing to meet the CTA’s requirements can result in significant penalties, including hefty fines and even imprisonment in severe cases. The penalties for failure to comply include:

  • Civil penalties: Businesses that fail to report required information about their beneficial owners or report incorrect or incomplete information face fines of up to $500 per day until the violation is corrected. These fines can quickly accumulate, leading to significant financial burdens.
  • Criminal penalties: In cases of willful or fraudulent non-compliance, individuals involved can face fines of up to $10,000 and imprisonment for up to two years.

As you can see, the consequences of noncompliance – even if it’s accidental – are too significant to ignore. Understanding and adhering to the CTA is crucial to avoid these potential risks. 

Your Next Step

Even though the CTA became law in 2021, the government didn’t start accepting filings until January 1, 2024. Therefore, 2024 is the first year you’re required to submit your information. And the filing deadlines are approaching quickly. Existing companies registered to do business in the U.S. before January 1, 2024, must file by January 1, 2025. Companies created or registered in 2024 have 90 calendar days to file after receiving actual or public notice that their company’s creation or registration is effective (this information comes from your State’s Secretary of State, not the federal government). 

How We Support You to Ensure Your Business is Never at Risk

I understand the complexities of navigating new regulations like the CTA can pose for your small business. These changes can introduce uncertainties and potential risks that divert your focus from growth. That’s why I offer a comprehensive Business Breakthrough Session where we’ll assess your business’s overall health, including its compliance systems. Together, we’ll develop a tailored plan to address any vulnerabilities and ensure your business is compliant with all applicable laws and regulations and positioned for continued success. With my guidance, you can confidently navigate this new landscape and achieve your business goals.

Book a call to learn more about how we can support you in ensuring your business is never at risk of non-compliance with the CTA.

Contact us today!

This article is a service of Res Nova Law, a Personal Family Lawyer® Firm. We don’t just draft documents; we ensure you make informed and empowered decisions about life and death, for yourself and the people you love. That’s why we offer a Life & Legacy Planning™ Session, during which you will get more financially organized than you’ve ever been before and make all the best choices for the people you love. You can begin by calling our office today to schedule a Life & Legacy Planning™ Session.

The content is sourced from Personal Family Lawyer® for use by Personal Family Lawyer® firms, a source believed to be providing accurate information. This material was created for educational and informational purposes only and is not intended as ERISA, tax, legal, or investment advice. If you are seeking legal advice specific to your needs, such advice services must be obtained on your own separate from this educational material.

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ELECTION 2024: Rep. Paul Harris Explains Why He’s Running For Senate Seat

Vancouver, WA — Lacamas Magazine recently interviewed Rep. Paul Harris (R-17th LD) about his current run for the Washington Senate. He’s been in the State House for 14 years.

Question: What are the top reasons you’re running for the State Senate?

Balance of government is super important. Checks and balances are essential to good legislation. In the Senate, we are one vote away from the Democrats having a super majority.

Public safety is a major concern. Homelessness is a big issue. When you go to Fred Meyer, you see guards in their stores.

Fentanyl is a real problem. It ties into homelessness, along with drugs and theft. I sponsored the bill to build a big tent in Vancouver that will house 150 people. It would get them off the street immediately. It would stabilize them, and then move them into another facility. We need that. The city will get it done.  We need to be tough on crime. 

Electrical power is a significant issue. For example, the Climate Commitment Act (CCA) is harming our economy. Affordable power has always been an incentive for big businesses to come to Washington, but this legislation is going to increase the cost of power. Businesses say they came here because Washington has clean, cheap, and affordable power. Businesses are wondering if they can afford to come here now; some are afraid to come here. We are flipping the scale and we are very close to harming businesses. Natural gas is needed to fill the void for a while. 

I really believe the CCA won’t make a significant dent in reducing climate issues. 

Because of the CCA, auto fuel costs Washingtonians about 60 cents to 70 cents more per gallon than in Utah. Locally, it’s really impacting us a lot. It brings up the cost of groceries. 

Question: What are the biggest challenges facing SW Washington voters?

Cost of living. My opponent is a mayor and the mayors belong to the Washington Association of Cities. They want to give the cities the authority to raise property taxes up to 3 percent instead of 1 percent. Property taxes are fairly high in Washington, so I don’t want cities to be able to do that. I will oppose that. It would be disastrous for our taxpayers.

The affordability of a home is outrageous, I don’t want to make it worse for people trying to buy their first home.

Inflation. There are initiatives on the ballot that are trying to repeal bad legislation. 

There are initiatives on the ballot that fix or reverse legislation.  Several of these initiatives will lower costs to consumers.  The main one is the CCA or climate commitment act.  This initiative will roll back prices on natural gas and on gasoline and also help stabilize electrical costs in the future.

We are one of three west coast states that are taxing carbon. Washington State is taxing petroleum/ carbon greater than any other state.  We are paying 41% more for natural gas and about 50 cents to 60 cents more per gallon for gasoline than Idaho or other states not taxing carbon. These added costs affect cost of goods in many ways from shipping to manufacturing to filling your gas tank in car or heating your home. It impacts the poor the most as they can least afford it. Voting yes on the initiative will repeal these taxes on carbon.

I believe this is a Federal issue and needs to be addressed by federal rules and regulations.  The idea that Utah is still burning coal for the next 10 years for 30% of its electricity and we are restricting natural gas highlights that this is a National or global problem and not just ours.

Question: Why should voters elect you?

I think we need balance of government. We do not need another Democrat to be elected. Democrats have controlled this state for 30 years, and I believe we need other minds at the table. Not one party has all the solutions. In 2018, Washington had 48 Republicans, and now we have 40. As a result, we are passing legislation that really isn’t helping people. All the money raised from CCA money is being distributed to government agencies. 

When a Republican loses a seat it doesn’t go to a moderate Democrat, it goes to the fringes. Because of that the worst legislation happens. The CCA is terrible legislation. We need moderate legislators who sincerely tackle issues that impact people the most.

Question: What should voters know about you?

I’m an effective legislator representing this district for 14 years. I seek policies that will help people. I’ve lived in the district for 45 years. I’ve raised my children here. I’ve served on the Evergreen School Board. 

To learn more about the Harris candidacy, visit www.electharris.com

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Understanding Mediation: A Practical Guide for Business Owners

Running a small business comes with its fair share of challenges, and disputes come with the territory. Whether it’s a disagreement with a vendor, a conflict with an employee, or a contractual issue with a client, knowing how to resolve these conflicts is crucial. 

The default method is court, but it’s time-consuming, expensive, and public. As a business owner, a court case only harms your bottom and your brand’s reputation. Luckily, there are other methods to settle disputes that don’t take the same amount of time and money and don’t expose your affairs to the masses. Last week, we discussed arbitration, and this week, we’ll look at another method used to settle disputes: mediation. 

Read on to learn what mediation is, how it differs from arbitration and litigation, and why it can benefit you as a small business owner.

What Is Mediation?

Mediation is an alternative dispute resolution (“ADR”) process where a neutral third party, called a mediator, helps you and the other party in a dispute reach a mutually acceptable solution. Unlike a judge or an arbitrator, the mediator does not make decisions for you. Instead, they are trained to facilitate communication, help clarify issues, and explore possible solutions. Mediation is typically voluntary, meaning both parties agree to participate and work towards a resolution.

During mediation, you and the other party will have the opportunity to present your perspectives and concerns. The mediator will guide the discussion to remain productive and focused on finding a solution. Mediation sessions can be scheduled at times and places convenient for both parties, making it a flexible option for busy small business owners. Moreover, mediators are often lawyers or former judges who can give the parties insight into a possible outcome if the parties end up in court. This is highly valuable because if the parties cannot resolve at mediation, they will end up in court, already knowing their chances of success (or failure). Often, this knowledge will influence one or both parties to settle a dispute out of court.

How Mediation Differs from Arbitration and Litigation

In my practice, I’ve found that most people either aren’t aware of the ADR options—arbitration and mediation—or confuse the two. Let’s break down how they differ and how mediation differs from the default method, court.

Arbitration. In arbitration, a neutral third party, known as an arbitrator, listens to both sides and then decides who wins and who loses. This decision is usually binding, meaning you must comply with it. Arbitration is more formal than mediation but less so than litigation. While it can be quicker and cheaper than going to court, you give up some control over the outcome since the arbitrator makes the final call.

Litigation, a.k.a., Court. Litigation involves taking your dispute to court, where a judge or jury will decide based on the evidence and arguments presented. It is a formal process with many rules and deadlines. Litigation is often time-consuming, expensive, and adversarial. The public nature of court cases can also be a drawback, as it may expose sensitive business information. Litigation is the default method of resolving conflicts unless you’ve proactively agreed to go to arbitration or mediation with another party.

Mediation. In contrast to arbitration and litigation, mediation is less formal and aims to find a collaborative solution. The decision-makers are you, and the other part is that you cannot reach an agreement. After sitting through a mediation session, you can walk away. But the dispute will continue – usually in court. If you can achieve a resolution, however, you must sign an agreement outlining the terms and abide by them. If either party breaches the agreement, you have a new dispute (the breach itself) to resolve.

One final note. Sometimes, when the parties are already in court, a judge will order them to go to mediation, pausing the court process to see if they can resolve the dispute. Many judges do this because their dockets are full and their offices are understaffed. If the parties settle the dispute on their own, that’s one less case the judge has to deal with.

Benefits of Mediation for Small Business Owners

Now that you understand mediation’s ins and outs and how it differs from arbitration and court, let’s examine its advantages for business owners.

Mediation is Cost-Effective. Mediation is generally less expensive than arbitration and litigation. Land court fees costs can add up quickly, draining your resources and impacting your bottom line. Conversely, mediation involves fewer formal procedures and can often be completed in a shorter time frame (often just a day), saving you money.

Mediation Saves Time. Court cases can drag on for months or years, consuming your time and energy. Arbitration takes less time, but mediation is the quickest method for resolving disputes. Mediation sessions can be scheduled quickly and at your convenience, allowing you to resolve conflicts faster and get back to focusing on your business.

Mediation is Confidential. Mediation is a private process. This confidentiality can be crucial for protecting your business reputation and keeping sensitive information out of the public eye. You can address issues openly and honestly without fear of negative publicity. 

Mediation Gives You Control. In mediation, you have control over the outcome, whereas in an arbitration or litigation proceeding, someone has control. You and the other party work together to craft a solution that meets your needs. This collaborative approach can lead to more innovative and customized agreements. 

Mediation Helps Preserve Business Relationships. Business disputes can strain relationships, but mediation’s collaborative nature can help preserve them. By working together to resolve the issue, you and the other party are more likely to maintain a positive relationship moving forward. This is especially important in small business environments where long-term partnerships and networks are crucial. Additionally, the quicker resolution of disputes helps preserve business relationships that might otherwise be damaged by prolonged conflict.

Mediation is Less Stressful Than the Alternatives. Disputes and conflicts can be extremely stressful, especially when they escalate to arbitration or litigation. Mediation provides a less adversarial and more supportive environment, reducing the stress and emotional toll on you and your business. A mediator’s role in facilitating communication and understanding can also help reduce tension and foster a more amicable resolution.

A Final Word

Disputes are unavoidable. It’s impossible to own a business (or be a human) and not encounter conflict in some form. However, despite what our culture tells us, disputes do not have to be adversarial. In our society, we put too much emphasis on “winners” and “losers” and not enough emphasis on resolution. And this often harms people more than it helps them. Meditation aims to flip the switch and help the parties come together to settle their conflict mutually. That way, everyone wins.

The Advisor You Need, No Matter What Disputes Arise

As your trusted advisor, I understand the negative impact of conflict on you and your business. That’s why I offer a comprehensive Business Breakthrough Session where we’ll analyze your current business foundations – including protecting your business from the risk of conflict – and develop a plan to address gaps. Together, we’ll ensure that your business is well-equipped to handle anything that happens. With my support, you can confidently engage with third parties, safeguard your brand’s reputation, and focus on what you do best—growing your business.

Book a call to learn more.  Contact us today!

This article is a service of Res Nova Law, a Personal Family Lawyer® Firm. We don’t just draft documents; we ensure you make informed and empowered decisions about life and death, for yourself and the people you love. That’s why we offer a Life & Legacy Planning™ Session, during which you will get more financially organized than you’ve ever been before and make all the best choices for the people you love. You can begin by calling our office today to schedule a Life & Legacy Planning™ Session.

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Washougal SD Welcomes Jane Long as Newest School Board Member

Washougal School District’s newest school board member, Jane Long, was sworn into service at the September 10, 2024 board work session.  WSD Interim Superintendent Aaron Hansen administered the oath of office. 

Long was selected to represent Director District #2 through the end of 2025 when she may run for election to a four-year term if she chooses.

“I’m excited to be part of the board and to serve the community,” said Long. “Washougal has amazing teachers and excellent schools, and I want to use this position to continue to make sure our teachers and schools help every student succeed.”

Long has served as a class volunteer, ReadNW mentor, and been an active member of the boosters at the school her children attend. She has also served as a volunteer with local organizations serving youth. She brings professional experience working in human resources and budgeting.  

“We are excited to welcome Jane to the WSD Board of Directors,” said Hansen. “Her perspective as a current parent and volunteer with experience in our schools will be an incredible asset in serving the community as part of our school board.” 

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