Should Business Partners Sign Non-Compete Agreements?

Most business owners contend that non-compete agreements are necessary for startups and established businesses alike to grow with confidence. After all, what’s the point of hiring, onboarding, and training a new employee if the employee can simply use that information to jump ship and launch a competitor after only a few months? The same consideration comes into play with business partnerships. Business partners Read More

How to Transfer Assets and Property Outside of Probate in Arizona

One of the main benefits of estate planning is arranging property (real and personal) to pass to heirs and beneficiaries without the involvement of probate. Probate is a legal process for settling many estates. This process can be expensive and time-consuming, so it’s often worth considering how you can minimize the time your loved ones need to spend in probate or eliminate the need for probate altogether. Keep Read More

You Need to Divorce Your Business Partner. How Should You Do It?

You had a great run with your business partner, but all good things must come to an end. Now, you have to work out the exit from the partnership—what we call a “business divorce.” Just like divorces in family court, a business divorce may be straightforward, efficient, and amicable or contentious. How well your business divorce goes depends on several factors.  What Does the Partnership Agreement Read More

Revocable vs. Irrevocable Trusts in Arizona

Living trusts perform important functions for many estate planners. Trusts can take the place of Wills (Last Will and Testament), but they can also allow grantors (creators of trusts) to tailor asset distributions to beneficiaries. There are many types of trusts available for Arizona estate planners; depending on your goals, you might create multiple trusts. Living trusts, which are trusts that become active during Read More

How to Protect Your Business After a Partner Exits

An unexpected departure from a business partner requires a lot of work on your part. A well-thought-out partnership agreement and consultation with our firm can help you navigate a business divorce, but the process can still get overwhelming. If you want the partnership to continue after your partner’s exit, there are some things you need to do to protect the company’s integrity. Take Ownership of Important Read More

Business Succession Planning is Heavily Intertwined with Estate Planning

The basic, underlying purpose of estate planning is to make sure your assets go to the individuals you want to receive those assets. If you own a small or mid-sized business that’s closely held, you certainly want to make sure an asset of such significance is passed on effectively and according to your goals. While business succession planning is distinct from estate planning, they cannot be fully separated for Read More

5 Factors That Impact Your Company’s Valuation

Depending on which side of a business purchase you occupy (buyer or seller), you probably have preferences on the valuation method used to determine how much the target business interest is worth. The result is usually a combination of two or more types of valuation methods, but some factors will generally be present in whichever method you choose. Below, we’ve outlined five important elements.  The team. Some Read More

3 Common Ways of Coming to a Company’s Valuation

There are plenty of details behind the sticker price of something as complex as a business. If you are looking to purchase an existing business, you will want to know the method the seller used to come up with the target company’s valuation. There are other situations that necessitate a thorough understanding of the valuation of a business. Our blog will go over three prevalent methods for coming up with a company’s Read More

The Problem with Do-It-Yourself Legal Services (and Our Solution)

There are a few legal matters that a sizable number of Americans will have to deal with at some point — Divorce, estate planning (wills and trusts), real estate issues, and business law, to name a few. To respond to the demand of these common legal issues, countless online services have provided products and services to help consumers handle these matters on their own. Some you might have heard of include LegalZoom, Read More

What Happens if You Pass Away Without a Will?

A common misconception many Arizonans have is that those who pass away without a Last Will and Testament (or any other estate planning documents of their own) have no estate plan at all. That’s not entirely true; the state actually has a one-size-fits-all estate plan for those without a Will. If you pass away without one, your estate is subject to Arizona’s intestacy laws. We’ll lay out what you need to understand Read More