Starting a business is an exciting endeavor. A partnership can be an ideal solution for someone who has ideas but not resources or perhaps investment capital but not hands-on experience. You and your partner combine your resources to help develop a new business. If...
Business Law
Financial mistakes can undermine your LLC protections
One of the reasons people create limited liability corporations (LLCs) is right in the name of the business organization. They do it to limit their personal liability if the business fails or faces legal action. When you create a business, there is always a risk of...
When it comes to buying a business, new is not always better
What was the last thing you built from scratch? There are a lot of advantages to buying something preowned. This applies to businesses as well as cars and homes. Setting up a brand new business is hard. You will make costly mistakes along the way. You need to train up...
Business contracts are essential to organizing your business
As a business owner, you rely on many sets of people. You cannot afford to subject yourself to their whims. You need to know who is doing what when. Failing to use well-written contracts allows people to do as they please Contracts provide a solid foundation for your...
The advantages of forming an LLC
Going into business a sole proprietor is the fastest and easiest way to get a new commercial venture off the ground in Arizona, but this approach has a major drawback. This type of business structure has unlimited liability, which means that if a sole proprietor can...
Apple dealt setback in dispute with Epic Games
Arizona residents who follow the technology sector may be aware that Apple Inc. is embroiled in a contentious lawsuit with the video game developer Epic Games over income generated by mobile apps. The North Carolina-based developer filed a lawsuit in 2020 after Apple...
What is the importance of a mechanic’s lien?
After purchasing your new house, the last issue you want to worry about is dealing with late payments for the contractors who did the construction work. A mechanic's lien is a claim for fair compensation for labor or supplies that builders used on your property. Usage...
Why so many people now invest in peer-to-peer loans
Proactive investors consistently seek out new investment vehicles to profit from. One tool that continues to gain momentum us investing in online lending opportunities and small business loans. Obtaining small business loans from traditional banks has always been...
What to avoid when drafting a business contract
When a contract is strong and thorough, everyone is happy. A well-drafted agreement provides protection for all involved parties while enabling you to adhere to the needs of your business. That said, there are a lot of hurdles you must cross with your legal counsel as...
When should I form an LLC?
How you form your business will have long-term implications on whether your company thrives. There are many elements that factor into your path. When confronting the structure of your business in its beginning stages, you will need to consider issues like the...