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January 18, 2016

Forming a Business: LLC vs. S Corp

One of the first questions facing you as a small business owner is to decide what type of entity you want to create — stay as a sole proprietor or form an LLC or a corporation. Once you have done that the question is whether to file with the IRS as an S corp. For […]

Business Law
January 15, 2016

6 Legal Blunders to Avoid in Business Agreements

A client recently called and asked to have a legal agreement reviewed before signing it. Excellent! However, the client confused “reading” an agreement with “understanding the legal effect” of the words in the agreement. The client stated he “did not see any red flags.” Well, they were there; the client just did not understand what […]

Business Law
October 7, 2015

Employees or Independent Contactors: Are you in Compliance?

Businesses today use diverse workforces to accomplish their goals, including full- and part-time employees as well as independent contractors. The trouble is, many business misclassify employees as independent contractors and end up in trouble. According to the American Business Bureau, “By some estimates, contingent or temporary workers could reach 30-50 percent of the U.S. workforce. […]

Business Law
February 4, 2015

Asset Protection Basics

What is Asset Protection Anyway? Asset protection planning is about protecting your assets in good times, so you can walk away with those assets if something goes wrong financially. The people who use asset protection plans most commonly are people likely to get sued, such as real estate developers and investors, physicians and business owners […]

Business Law
February 12, 2014

Business Exit Strategy

Most business owners are so focused on short-term issues that they forget to make decisions and plans for how they will exit their business. But every business owner needs a business exit strategy. Many assume that the decision to exit the business is voluntary. Most often, however, an owner is forced to leave the business […]

Business Law
January 23, 2014

Business & Legal Risk Assessment

Why is Risk Management Necessary? Risk is a part of everyday business life. You will encounter many types of risk in your small business. Every business encounters risks, some of which are predictable and under your control, and others which are unpredictable and uncontrollable. Some will have a minimal impact and you can manage them […]

Business Law
January 3, 2014

Starting a Business-Arizona Checklist

Business Checklist Starting a business in Arizona isn’t complicated, but you don’t want to miss any of the steps. Follow this simple checklist to make sure you’ve thought your way through all the steps. Write a Business Plan Form goals and objectives for your new company. Start with a detailed outline of what you plan […]

Business Law
July 21, 2013

So You Just Want a Boiler Plate Contract?

Asking a lawyer to prepare a “boilerplate” contract is like fingers scratching the chalkboard. Lawyers hate this because it devalues their services. Clients only think they love them. Why are you asking for that? For some reason (actually I know the reason) lately I am being asked by clients to prepare a “boilerplate” contract for […]

Business Law
April 11, 2013

Do You Change Your Draw or Salary?

An article in the NY Times business section today poses an interesting cash flow question for small business. Even if you are not having a collection problem there are times, especially in these times, that your cash flow will ebb and flow without reason. That can have a substantial impact on your sales targets and […]

Business Law