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June 2019 Archives

Arizona is a friendly state for business formation

Starting a business in Arizona isn't too difficult. In fact, this state was ranked number 9 on a list of best states in which to start a business. The ranking by WalletHub comes on the heels of a grade "A-" for the state on a survey by Thumbtack.com. One of the points that stood out is that Arizona got good marks for the ease of hiring individuals.

Broken commercial leases have significant impacts

Commercial real estate transactions are often complex, so anyone who is entering into one should have an idea of what terms they must meet and what will happen if those are broken. For many business owners, the desire to own a property is present, but some might need to lease a space when the business is starting out. This is taking a gamble of sorts because you might be on the hook for a lot of money if the business fails, and you can't cover the lease payments.

Construction projects can directly impact your business

Having a construction project on your business is a big undertaking. You have to think about the money you will spend to get it all done. You also need to consider the amount of time it will take. All of this can add up, especially if the project is one that your company needs to properly maintain operations. The last thing that you need is to find out that your project isn't going to be ready on time or that the work on your project is somehow subpar.

Special considerations for a small business owner's estate plan

Your estate plan has to be based on the circumstances of your life. This means that you might end up having to change the plan as time marches on and your situation changes. One thing that can add complexity to the situation is when you have a business that is depending on you. Thinking about the business and your family becomes the priority. While you are doing this, think about your family situation.

Would an injunction help in your business dispute?

When a dispute arises between you and another party, your first inclination may be to try to work it out amicably without involving anyone else. Sometimes this works, but when it doesn't, you may need to look at other ways to resolve the issue. Perhaps you attempt to engage the other party in mediation or arbitration, if it's not required by a contract, but the other party declines.

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