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September 2017 Archives

Get the operating agreement together for your family business

Opening a family business is something that can be fun; however, you need to make sure that you cover your bases for the operations of the business. Having an operating agreement might not be something that you think you need, but it is a good idea for all family businesses.

The steps after a contract breach must be carefully considered

Contracts in business are very serious matters. You have to make sure that your company can uphold the terms of the contract when you sign one and you expect that the other party will uphold their end of the deal. When a contract is broken, or breached, businesses can suffer.

Business owners should create an in-depth estate plan

Your estate plan is something that your family members might count on to try to handle your assets when you are gone. If you have a business that includes a partner, you should work with your business partner when you develop your estate plan. We recently discussed why this is so important.

Take steps to protect your business at every turn

When you start a business, making sure that you have the correct formation is imperative. Once you have this done, you need to make sure that the transactions that pertain to the company are all handled in the appropriate manner.

Who will carry the torch of your Arizona business in the future?

It may seem like just yesterday when you took your initial leap of faith and launched your Arizona business. Perhaps you have fond memories of the jubilation and celebrations that followed the day you actually hung the open sign above your threshold (whether online or at a brick and mortar structure). Fast forward 10, 20, perhaps even 30 years and your thoughts and focus are shifting toward the future, namely: Who will carry on what you started after you're gone?

Understanding what a joint venture is and how it works

If you were fortunate enough to have been born with the entrepreneurial gene, then you're probably the type of individual that's constantly coming up with more ideas you want to execute than you have time in the day to do it. If this description describes you quite well, then you might find joint ventures to be ideal for you.

Arizona coach sued by agency

In the prosperous business environment of Phoenix, Arizona, deals are made daily between individuals and businesses. Many of those turn out well, to the financial benefit of both, but others go awry. The ones that go awry often result in each side needing to secure the services of a Phoenix, Arizona, business litigation law firm.

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