Invest Washington
  • WHY WASHINGTON?
    • About Washington State
    • Comparison to Other States
    • Industry Sector Overviews
    • Air Connections
    • Training Programs
  • MOVING HERE
    • Buying/Leasing Real Estate
    • Finding a Business Location
    • Investor Immigration
    • EB-5
    • Finding Schools
    • Finding Housing
  • LEGAL
    • Judicial System
    • Choosing a Legal Entity
    • Establishing a Washington Corporation
    • Business Licenses and Registration
    • Federal Reporting for Foreign Investments in the U.S.
    • Trademark, Copyright, and Trade Secret Protection
    • Patent Protection
    • Commercialization of Intellectual Property Assets
  • LABOR & HR
    • Industrial Insurance and Workplace Safety
    • Labor and Employment Relations
    • CORPORATE DIRECTORS’ AND OFFICERS’ LIABILITY UNDER WASHINGTON
  • LOGISTICS & DISTRIBUTION
    • Distribution and Alternatives
    • List of Washington State Ports & Capabilities
  • FINANCE & BANKING
    • Banking in Washington
    • State & Local Taxation
    • Federal Taxation of U.S. Resident Aliens
    • Federal Taxation of International Transactions

Introduction

The business structures recognized in Washington State are Sole Proprietorships, General and, Limited Partnerships, Limited Liability Partnerships, and Limited Companies, and For-Profit, and Not-For-Profit Corporations. Each structure has different registration, operational and management, and liability as well as taxation obligations and requirements. This paper will focus on Washington State Corporations and the liabilities of directors and officers who manage these corporations. There are five major groups of constituents to whom directors and officers of Washington State Corporations owe duties and responsibilities, and are subject to liability. They are the corporation itself, shareholders, creditors, corporate employees, and governmental regulators/law enforcement agencies.

Back to CORP DIR & OFFICERS’ LIABILITY

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