Earlier this year, a new state law took effect that’s intended to protect homeowners from being taken in by what Arizona Attorney General Kris Mayes called “egregious and deceptive practices in the real estate industry.” The law prohibits long-term property agreements...
If you are thinking about forming a single-member or multi-member limited liability company (LLC), you’ll need to choose between corporate or pass-through taxation when structuring your business. Both options feature distinct advantages and potential drawbacks, each...
As a contractor, sometimes you might not receive payment from the project owner for the work performed as indicated in your contract. Consequently, you may need to draft a notice of intent to lien and send a copy to the county recorder of the county where the property...
Commercial real estate leases are much more complicated than residential leases. Tenants and landlords alike have to be aware of the nuances of various lease structures before they commit. In general, commercial leases tend to fall into two broad categories: gross and...
When two business partners start a company, it’s important for them to draft a partnership agreement. One area that this can address is the ownership percentages that they both hold. These could be based on how the business was founded, how much money they invested...
You have met with the project owner to discuss the project in-depth and have received the contract. In addition to each clause in the agreement, you need to carefully review work-related matters. Here is what to look for regarding your work: 1. Scope of work The...
Contracts govern every aspect of businesses. Owners, employees and customers all have contractual rights and obligations. For the most part, this helps with efficiency and prevents disputes, but that isn’t always the case. Contracts can be breached in several ways....
Owning commercial property these days comes with some unavoidable risks. The economy, overall consumer trends and many other factors can leave a commercial property owner with empty spaces. Certainly, that results in a loss of income. Further, too many vacant spaces...
As you start a business, you know that you would like to work with a business partner. Maybe you are aware that you’re lacking certain skills, so you are looking for someone who can help in those areas. Maybe you just feel that you would work better as part of a small...
When a business owner signs a commercial property lease, it’s important for them to know exactly what they are responsible for. Likewise, the landlord or property owner needs to clearly understand who will be responsible for which costs. These could go far beyond...