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September 10, 2025

3 tips for Washington small and family businesses facing transitions, successions in 2025

By BRIAN MCGUIGAN
Laird Norton

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McGuigan

Small and family-owned businesses are the backbone of Washington's economy, comprising 99.5% of all businesses and employing nearly 1.4 million individuals, accounting for a total of 49% of the state's workforce. As of 2023, Washington boasts approximately 644,868 small businesses.


 
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