Being a subcontractor is tough. You are responsible for delivering quality work on time and within budget while juggling the demands of multiple projects and clients. But what happens when something goes wrong, and the finger of blame for construction defects points...
Contracts are the backbone of any business transaction, laying the foundation for a successful and legally binding agreement. As an entrepreneur, it makes all the difference to familiarize yourself with all the essential elements a contract must possess to be...
Generally, Arizona laws do not require limited liability companies (LLCs) to have operating agreements. However, it is beneficial to have one in place. A carefully drafted operating agreement outlines each member’s roles and entitlements, decision-making process as...
Federal and state laws require contractors to get performance and payment bonds if they want to work on a public project. They must be able to qualify to get these bonds from authorized surety companies in order to be awarded such a contract. The purpose of the bonds...
Establishing a small business can be a rewarding step for entrepreneurs, but it comes with numerous challenges. Owners have to manage their team, focus on their business relationships and ensure their company's growth and profitability. Many of the challenges that...
One of the first decisions a new business owner has to make is determining the company's business structure. For some small business owners, a sole proprietorship seems to be the best option, but this might not be the case. Many don’t realize they can have...
In business, partnerships play a pivotal role in driving success. But what happens when a key moment arises, such as one partner wanting to exit the business if the other wishes to continue the journey? Successful partnerships are built on trust, shared goals and...
A mechanic’s lien is a payment claim that construction contractors can place on a property to help ensure they get paid for their work. It’s a crucial component of the construction industry that can protect the rights and interests of those involved in building...
In the business landscape, disputes are an unfortunate but inevitable aspect of the game. When conflicts arise, it's crucial to have effective mechanisms in place for resolution. These are legal remedies not based on monetary compensation but aim to provide fair and...
When starting a new business, numerous considerations must be approached thoughtfully. Otherwise, a promising enterprise could fail before it even gets off the ground. One of the first legal matters that an aspiring business owner needs to consider is how to...