You started your business a few years ago as a side project. Gradually, you’ve been able to make a full-time living from the proceeds. Orders are constantly flying in and you’ve even recruited a small number of team members. The success of your business has been...
Year: 2022
Has a neighbor damaged your property?
You’ve lived in the same neighborhood for some time now and you’re very house-proud. You spent a lot of money in obtaining your dream home and you also invest significantly in its upkeep. For the most part, you get along well with your neighbors but recently you’ve...
Is it time to alter your business structure?
While changing your business structure can be complex, sometimes it is necessary to stay on the side of the law and protect the time and money you invested in building the company. Many first-time entrepreneurs start with a sole partnership. They are relatively quick,...
What must Arizona property owners disclose before selling?
“Congratulations. You are now the proud owner of a property contaminated with deadly waste, prone to destruction in a flash flood and haunted due to a triple murder that took place there. By the way, don’t go into the attic as it is filled with asbestos.” That’s not...
Should prenups and postnups be required for business partners?
You’re starting a new business with your best buddy. You’ve done all the research, bought your website, designed a logo and crafted a stellar business model and plan that got you financed. Now, you have to do one more thing: Make sure that your partnership agreement...
Should new companies rent or buy their commercial property?
Location may not be everything to your business, but it sure is important – and that has many entrepreneurs wondering whether they should rent or buy their commercial property. Honestly, there’s no “one-size-fits-all” answer. Weighing out the pros and cons, however,...
Changing your business structure when you end a partnership
When you decided to start a company with someone else, forming a partnership made perfect sense. The two of you had protection through mutual ownership and influence over the company's direction. However, relationships and business markets change, and businesses...
Can a co-owner sell a property without everyone’s permission?
People own property jointly for many different reasons. Maybe you bought a place with your college roommate so that you wouldn't have to pay rent in your twenties. Maybe you bought a house with your long-term romantic partner despite your decision to not get married....
Can you choose a business name that is in use?
You come up with the perfect name for your new business. You know that it's going to help with your branding, it describes your mission very well and you get your business partner to sign off on it. Then you do a quick search to see if that business already exists,...
Can you break your commercial lease if it’s a bad location?
When you first saw the commercial space, you thought it would be perfect for your business. You also thought the location would be pretty good and you'd get enough traffic to make it work. You signed a lease for three years, but you're only a year in, and you can...