When you hear that a company is “going public,” it means that they are going to allow investors to buy shares. Up until that point, the business was privately owned. That doesn’t mean there weren’t investors, but they were private investors who were hand-picked. Now,...
Year: 2021
Why do home prices keep going up?
If you’ve been watching the real estate market, you’ve probably seen that it just continues to go up. There has been tremendous growth over the last year, and it’s not clear when that growth is going to end. But why is this happening? With some people facing...
What is the main benefit of an LLC?
Many small business owners determine that it is in their best interests to start an LLC, or a Limited Liability Company. These companies may consist of just a single person who was previously doing business under their own name, or they may have employees. If you’re...
Why are zoning variances denied?
A zoning variance allows you to use a property in a way that would ordinarily not be allowed under the current laws. For instance, you may want to open a restaurant in a residential area, but that area is only zoned for housing. A variance allows you to run a...
What happens if someone does not follow a vendor agreement?
As a business owner in Arizona, you will enter into many vendor agreements that will determine how you and another party agree to an exchange of goods and services for compensation. The number of goods or services and their prices will all be agreed upon and put into...
Can a landlord lock out a tenant who violates their commercial lease?
If you own a commercial property, the last thing you want to worry about is a tenant who neglects or refuses to pay rent. Sometimes there is a reasonable explanation for a tenant being late on their rent. You should do everything you can to establish communication and...
The importance of due diligence when buying a business
If you buy a second-hand car, failing to carry out the necessary checks could leave you with a money pit. The same applies when purchasing a company; only the stakes are much higher. However much you trust the seller, you need to do a thorough revision. Not everyone...
How can I set the rules for a homeowner’s association?
As someone on the board of a homeowners association (HOA), you need to set clear rules for anyone that comes to live in the properties you govern. While you might not be the authoritarian type, it is essential to accept that a society without rules will soon descend...
How can two equal business partners resolve a dispute?
In situations where there are multiple business owners, they may all gather to make important decisions, which can be put to a vote if there is a dispute. This is a simple way to resolve disputes and help the business move forward, even if those who were outvoted are...
Does an easement stay with the property?
You’re looking to buy a new property, and the one you’re interested in has an easement. This means that someone else -- a utility company, for instance, or a neighbor -- has a right to access your property even though they don’t own it. What you’re wondering is if...