How A Trust Can Benefit You And Your Children After Divorce The Centers for Disease Control reports that in 2000, for every 1,000 people, there were 8.2 marriages and 4.0 divorces, which is roughly half of marriages ending in divorce. The same report shows that in 2022, for every 1,000 people, there were 6.2 marriages […]
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Choosing The Right Time To Exit Your Business
Choosing The Right Time To Exit Your Business Starting a business is often a long-held dream. Whether it is a childhood dream, a vision that began to form in college, or a more subtle fantasy that lingered in the back of your mind until just the right moment, you did not start it with thoughts […]
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Do You Need An Operating Agreement For An LLC?
Do You Need An Operating Agreement For An LLC? The formation of a new business entity can be both exciting and frustrating. The complex interplay of state and federal laws, industry regulations, and local licensing requirements can make it difficult to determine which business structure offers the most appropriate balance of liability protections, business owner […]
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What Small Business Owners Should Know About Embezzlement
What Small Business Owners Should Know About Embezzlement The United States Sentencing Commission states that 10% of all federal offenders in Arizona are sentenced for fraud, theft, or embezzlement. Many of these offenders were probably small business owners, and some may have unwittingly embezzled funds. This offense is all too easy to commit, and even […]
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Legal Structures For Asset Protection: Trusts, LLCs, And Corporations
Legal Structures For Asset Protection: Trusts, LLCs, And Corporations Various strategies exist that can help people legally safeguard their assets; each of these approaches differs in terms of benefits and security. Some examples of legal vehicles utilized to protect assets include trusts, corporations, and limited liability companies (LLCs). Understand the different legal structures available for […]
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Navigating Commercial Lease Negotiations: Tips for Tenants And Landlords
Navigating Commercial Lease Negotiations: Tips for Tenants And Landlords According to Statista, the commercial real estate sector experienced negative returns in 2023 – something not seen since 2009. Additionally, the average monthly rental cost for shopping center space in Phoenix has been steadily climbing since 2020 – rising from $18.8 per square foot to $24.7 […]
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Estate Appraisals: What Is The Role Of Appraisals In Estate Planning?
Estate Appraisals: What Is The Role Of Appraisals In Estate Planning? Many people assume that having an estate plan is as simple as creating a will and calling it done. However, this is not always the case. Depending on the size, value, and assets involved in an estate, an estate appraisal may be necessary. Estate […]
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Legal Considerations In Commercial Lease Agreements: Key Clauses And Protections
Legal Considerations In Commercial Lease Agreements: Key Clauses And Protections Commercial lease agreements are crucial for commercial real estate (CRE) developers and businesses alike. Buying commercial development property outright is neither feasible nor, in many cases, desirable, for a startup business or one that is just undertaking an expansion, so securing advantageous commercial leases that […]
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How To Nominate Someone As Legal Guardian Of My Child In An Estate Plan
Planning for legal guardianship of children is a key factor in estate planning. Most parents want the best for their children, regardless of the circumstances. While it may be heartbreaking to consider, it is important to take into account what would be best for minor children if one or both of their parents should pass […]
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Can An Employer Sue An Employee
Can An Employer Sue An Employee? While it is common knowledge that employees have the legal right to file lawsuits against their employers for issues such as discrimination or wrongful termination, the reverse scenario, where employers sue their employees, is less discussed but equally significant. If you are wondering can an employer sue an employee, […]
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Strategies For Resolving Disputes In Commercial Real Estate
Strategies For Resolving Disputes In Commercial Real Estate Real estate disagreements are a common occurrence for those who develop, occupy, or own commercial property, ranging from ownership or partnership altercations, project changes, and payment disputes to contractual, employee, or supply chain issues, which can result in lengthy legal battles that drain resources and delay progress. […]
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Ways To Form A Charity In The United States
Ways To Form A Charity In The United States Giving and supporting causes is an incredibly fulfilling way to contribute to the community and improve the lives of others, and that much is evident in the sheer number of charities that exist just in the United States. However, finding a charity that supports a cause […]
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Special Needs Trust for a Child
Special Needs Trust For A Child Planning for the future is a crucial aspect of parenting, especially when your child has special needs. A special needs trust can provide a safety net, ensuring the child’s financial stability and care long after the parents are gone. If you are looking to create a special needs trust […]
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Navigating Commercial Real Estate Contracts: Key Clauses And Negotiation Strategies
Navigating Commercial Real Estate Contracts: Key Clauses And Negotiation Strategies Commercial lease agreements are among the most widely used business contracts. These essential documents are crucial to forming stable, mutually rewarding landlord-tenant relationships. At their best, commercial real estate (CRE) contracts help to create the conditions for business success for tenants, for return on investment […]
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7 Reasons Why Forming A Trust Is Worth The Investment
7 Reasons Why Forming A Trust Is Worth The Investment While a will is perhaps the most important document to have in place for an estate plan, another key estate planning tool is a trust. This legal mechanism provides an individual who creates the trust (the settlor) and their loved ones with several unique benefits, […]
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Key Elements Of LLC Operating Agreement
One of the first decisions made when starting a new business is the business structure. A limited liability company (LLC) offers some of the benefits of corporations and partnerships, such as liability protection and tax benefits. While some LLCs can be single-member (a single owner), most are owned and operated by multiple people. With multiple […]
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