Rights Of A Member Withdrawing From A LLC With No Operating Agreement – Capital Contribution

In accordance with Arizona law governing LLC companies, an operating agreement is not a requirement. However, this does no mean that an operating agreement is not highly recommended. An operating agreement is a verbal or written agreement that outlines how the company will be operated, the structure of the company and how profits and losses will be distributed. Although oral agreements are recognized in Arizona, Read More

Exploring the New Arizona LLC Act and Member Withdrawal

Company law in Arizona is surprisingly flexible when it comes to allowing members of an LLC to withdraw. At the moment, even if there is no operating agreement, a member can withdraw simply by sending a written notice to the other members of the company. The issue of requesting the return of a capital contribution, however, is more complex. The Arizona Limited Liability Company Act of 2018 aims to simplify things. Read More

What Does “Irretrievably Broken” Mean in an Arizona Divorce?

Arizona is a “no-fault” divorce state, meaning that a couple seeking a divorce in Arizona can experience a relatively easy and private dissolution of their marriage. While divorce is never truly easy on a couple, by allowing for a marriage to be dissolved if it is shown that a marriage is “irretrievably broken” the spouse filing for divorce does not need: The consent or permission of the other spouse;To air Read More

What are Covenant Marriages and Do I Want One?

Some marrying spouses take their marriage vows seriously: they truly pledge themselves to remain married to their spouse “for better or for worse, till death do [them] part.” Whether this philosophy is rooted in the person’s religious background and upbringing or whether it originates from some other source, these spouses may feel as if the traditional civil marriage process does not completely reflect the solemnity Read More

Am I Allowed to Take My Child Out of the Country?

Extended family members like grandparents, aunts, and uncles can all enrich a child’s life and usually welcome every opportunity they can get to see a new grandchild/niece/nephew. When a married couple has extended family living in different cities or states, it can be challenging to arrange visits with each spouse’s extended family members so that each extended family feels as if they are being included in the Read More

Relevant Considerations When Starting a New Arizona Business

It’s the New Year: did your list of resolutions include starting a new small business? If so, congratulations on your decision. The next question is, what kind of business are you going to form? Will you choose, for example: A corporation?A limited liability corporation?A partnership?A sole proprietorship? Or,A franchise agreement? The choice of business form for your new venture is an important decision Read More

Does My Business Need a Buy-Sell Agreement?

If you began a business with other individuals and together you co-own your business venture, you know how important it is that you know and trust the other co-owners of your business. Your decision to go into business with that other person or people was likely based on a careful assessment of him, her, or them: Do you trust them? Have they been trustworthy in the past?Are they committed to the same business Read More

Critical Financial Considerations When Navigating a Divorce

Anyone who is in the process of navigating a divorce hopes that the process will go as quickly and smoothly as possible. Unfortunately, many people make significant financial mistakes as they go through the divorce process. The financial decisions that a person makes during divorce can greatly contribute to his or her economic situation afterward, which is why it is important to have an attorney on your side helping Read More

10 Ways to Avoid Facing Corporate Lawsuits

Individuals who manage corporations are vulnerable to a number of different types of lawsuits. An experienced Arizona business attorney can help make sure that you are aware of your legal rights and that you take the proper steps to minimize your liability when facing legal action. The following outlines just some of the steps that we recommend companies follow to avoid ending up in litigation. Trademark Your Read More

Common Questions About the Fathers’ Rights in Arizona

Parents in Arizona have a right to maintain relationships with their children, which is supported by a number of different state laws. Arizona law was created to help preserve the relationship that a child has with both a mother and father. Courts in Arizona are required to not interfere with these relationships unless it is necessary to do so. Despite this, many fathers in Arizona have questions about how courts Read More