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February 2018 Archives

Personal and professional impacts of commercial real estate

Commercial real estate transactions require you to think about your business goals and your personal needs. While you might be able to consider only the business with many decisions, there is a good chance that a commercial real property purchase or lease might impact your personal life.

What's an asset-based loan, and how are they awarded?

Asset-based lending involves a company taking a combination of their accounts receivables, assets and inventory and using them as collateral for receiving immediate inflows of cash into their business. Lenders who offer these types of loans advance the funds to a borrower in exchange for gaining access to their secured assets. Most often, they lay claim to 50 percent of finished inventory and 80 percent of receivable values.

Dying without a will puts the state in control of your affairs

Have you thought about what is going to happen to your belongings when you pass away? If you are an adult and the answer to that is no, you need to take the time to think about this right away. Dying without a will has some very serious consequences. Consider these reasons to ensure that you have your will in place as soon as possible:

Don't believe everything you hear about S corporations

When starting a new business here in Arizona, one of your first priorities may be to choose the type of entity under which you want to operate. There are numerous choices, but you lean toward an S corporation. Unfortunately, you may have heard things about this entity type that give you pause.

Should your employees sign noncompete agreements?

Many business owners require all new hires to sign noncompete agreements as a condition of their employment. These contracts are legally binding agreements stating the employees shall not become competitors with their former employer after the employee leaves the company.

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