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May 2018 Archives

Lawsuits can sometimes come up in the course of business

Running a business comes with the possibility of facing a lawsuit. There are thousands upon thousands of reasons why a person might sue a company. While you can hope that this won't happen, it is best if you plan for it so that it might not be as stressful if it does happen. This could enable you to spend more time focusing on running your business and less time having to field problems.

Deceptive trade practice cases can be devastating

Business owners usually try to take all the steps they can to protect their business. One thing that they need to make sure that they are doing is protecting it from deceptive practices claims. These can be devastating because Arizona laws stipulate that these issues can be treated as misdemeanors.

Business owners need to consider their estate plan carefully

In our recent blog post, we discussed how some individuals use gifts to pay down an estate's value so that their loved ones aren't burdened with tax debt after you pass away. This is only one factor that matters when you are creating an estate plan. We know that you have a lot on your plate already since you are trying to run a business. We can't take all the work off your shoulders but we can do our part to try to make your estate planning process a little easier.

Consider giving gifts to reduce estate tax burden

If your estate is going to be a considerable size when you pass away, you might want to take steps now to reduce the size of it so that your loved ones won't have to pay estate taxes. While there isn't an estate or inheritance tax in Arizona, there is an estate tax imposed by the federal government. This tax only applies to estates that are valued at $5.49 million or more.

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