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January 2020 Archives

Your estate plan might encourage your employees

As a business owner, you set standards for your employees. One way that you can help them is to let them know that you're planning for the future of the company. This sometimes helps them to feel more stable. It also shows them a good example of how important this type of planning is.

How should you incorporate your multistate company?

It's common for business owners who operate a company that's doing well to want to try to replicate its success. This is why many company owners decide to expand their business into neighboring states. You mustn't assume that you can simply incorporate in Arizona and never establish yourself as a corporate entity in the other states where you do business though.

What exactly are material defects?

When many people think of home inspectors, they think of the person who comes out to check out their home before the bank agrees to extend a loan for them to purchase the property. Some individuals have them come out and check out the work on their homes before they make a final payment to their contractor though.

Entrepreneurs should consider life insurance and estate plans

As a small business owner, you likely know that you need to have a will and a succession plan as part of your estate plan. What you might not realize is that you also need to have suitable insurance policies in place so that those left behind have a source of income.

Watch for signs of contamination on commercial real estate

If you are looking to build or expand your business, you may be considering purchasing commercial real estate. This is an enormous and often expensive step to take, and you are right to be cautious as you begin the process. However, you know that any delay means a delay in growing your business, so you may be tempted to jump at the first reasonably priced property you see.

Think about your steps when your company is sued

As a small business owner, you have probably tried to grow your business by developing a strong reputation in the community. Having a lawsuit against your company is one thing that can damage this. If you do find out that your company is being sued, you have specific steps to take as you work toward addressing the problem.

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