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Category: Business

How to Choose the Right Entity for Your Business

On June 24, 2022

Choosing the correct business structure for your needs is an incredibly important task for business owners. The structure you choose will determine your tax obligations, liability protection, management structure, and paperwork requirements. There are a number of different types of entities to choose from, some are easier to form but offer fewer legal protections while […]

Questions to Ask a Lawyer When Forming a Business

On June 6, 2022

Consulting with a lawyer when you are in the process of starting your business can save the issues that may occur later on that can come about because you did not ask the right questions beforehand. For you to succeed when you are starting a business you need the help of outside professionals. You want […]

Common Causes of Business Partnership Disputes

On May 18, 2022

When you spend a large amount of time with someone, arguments and disagreements are to be expected, no matter if your relationship is a personal or professional one. In professional relationships, however, such as business partnerships, there is normally a lot of money, hard work, and the future of employees at risk when disagreements happen. […]

When Should You Have a Will Made

On May 18, 2022

There are four main types of wills - simple, testamentary trust, joint, and living. There are also two other forms of wills which are not legally binding and valid in all states. Those wills are holographic wills, which are handwritten, and oral wills. Oral wills may also be referred to as nuncupative. Types of Wills […]

What is Breach of Contract?

On April 28, 2022

A breach of contract occurs when the terms and conditions agreed to in a contract are violated by one of the signing parties. Due to the wide scope of agreements contracts can cover, this could include any number of actions, from something as relatively minor as a late rent payment to something far more severe […]

What is Minority Shareholder Oppression?

On February 7, 2022

If you’re a minority shareholder in a closely held corporation and you feel your input has gone unconsidered, or outright ignored, you may be a victim of Minority Shareholder Oppression. In closely held corporations, those who control enough shares to make the decisions for the company are named controlling shareholders. As the name suggests, these shareholders […]

Tax Matters and Your Operating Agreement

On January 10, 2022

When you start a partnership or an LLC structured as a partnership in Arizona, its conduct, management, and financial decisions are outlined in the operating agreement. While tax strategies may not be foremost in your mind when you’re getting the business off the ground, the decisions you make in this regard can have a financial […]

Overview of Arizona Invention Assignment Agreements

On December 6, 2021

Intellectual property created or developed by an employee represent the most valuable assets held by many companies—especially startups. It is common for new hires at many businesses to sign an invention assignment agreement. This agreement, which is often included as part of the larger employment contract, stipulates that any inventions or intellectual property made by an employee belongs […]

Should Business Partners Sign Non-Compete Agreements?

On November 11, 2021

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 […]

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

On September 15, 2021

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 […]

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