The 25% owner of a “for profit” corporation wants to sell the 25% interest to the remaining owners. There will be no change in the person with control over all operational decisions. Do I need to submit an application?

You do not need to submit an application as long as the transaction complies with WAC 388-78A-2770 (1)(d). You will need to send a letter to the Business Analysis and Application Unit explaining the transaction in detail.

If you do not know if you need to submit an application, call the Business Analysis and Application Unit at (360) 725-2420.