If you are looking to form a business entity in the state of Arizona, you have a variety of different options to choose from.
Most Americans entering their 30’s are concerned with raising a family, purchasing a home, and saving for retirement. Those things are often at the top of a person’s list of priorities, and they think they have covered all their bases when it comes to ensuring a safe and secure future for their families.
As a business owner, the likelihood is high that you deal with a number of different types of contracts on a regular basis. If you are in a business partnership or the co-owner of a company, there is one type of contract in particular that should be of interest to you: a Buy-Sell Agreement.
If you are a business owner, you should have heard of a Buy-Sell Agreement by now, because having one in place can protect your business in a number of different circumstances. To learn more about the 3 W’s of Buy-Sell Agreements (What/Why/When), read Part 1 of our Quick Guide series on Buy-Sell Agreements on our blog and learn more about the essentials of these types of agreements in Part 2 below.
As a business owner, you want to ensure you have all your bases covered to allow your business to thrive and survive. Have you ever considered the repercussions of a partnership dissolution, co-owner dispute, or unexpected death on the future of your business?
The holiday season is upon us, and most of us are planning on spending many days celebrating with our loved ones. But what about those among us, especially young children and teenagers, who don’t have a family or permanent home to call their own? As the month of November comes to a close, we reflect on National Adoption Day which lead to 229 adoptions being finalized in Maricopa County this year.
Why A Business Contract Really Matters
We all come across a number of contracts in our day to day lives, both personal and professional, often without even realizing it. Shopping at your local grocery store and swiping your Visa at checkout means you are entering into a contract for a sale of goods. Chances are that you’ll never give this type of contract a second thought. In business, however, contracts – and their importance to the success of a particular deal, and the company overall – require much more consideration.
We’ve all heard the story of a relative or friend passing without leaving behind a will (specific instructions regarding the distribution of their assets). Most individuals leave behind some assets upon their death, such as a home, car, or savings account. The distribution of these assets is a process known as probate. If no will is available to outline the decedent’s wishes regarding who receives what, Arizona probate laws kick in to make those decisions for them.
You’ve finally decided to quit your day job and follow your passion, or you’re ready to turn a fun hobby into a full-time money maker. Congratulations! Starting your own business is a rewarding experience. But as you’ve surely heard from friends and family sharing their two cents with you, it is not always going to be easy. Especially starting out.
The process of aging doesn’t only bring with it achy bones and increased forgetfulness. In more serious cases, individuals may reach a level of mental or physical incapacitation that adversely affects their ability to make decisions or perform basic activities.