While contemplating one's mortality may not be a particularly inviting endeavor, neglecting estate planning can have unintended and potentially distressing consequences. Arizona's intestacy laws, which dictate the distribution of assets when someone dies without a...
Plan For The Road Ahead
Month: February 2024
What “Piercing the Corporate Veil” Means for Arizona Businesses
Limited liability companies (LLCs) and corporations are popular choices for protecting personal assets from business debts. They act as a shield, separating an individual’s finances from the company’s. But this shield isn’t invincible. In certain situations, a court can “pierce the corporate veil,” exposing the personal assets of owners or shareholders to liabilities. Understanding this concept and how to avoid it is crucial for Arizona business owners. Read this blog to learn more.
Keeping Arizona Corporation Commission Records Updated
Starting a business is an exciting time in your life, but it’s easy to forget about the documents and records kept by the ACC once you’ve gotten everything up and running. Here at Windrose Law Center, we help our business clients by forming their entity, serving as their statutory agent, and keeping their records up to date, including filing annual reports for our clients who have corporations.
Why Every Single-Member LLC Needs an Operating Agreement
You’ve taken the smart step of forming a single-member LLC in Arizona. To truly solidify your LLC’s legitimacy and safeguard your personal assets, you need an operating agreement. While some may think an operating agreement is unnecessary for a solo venture, this couldn’t be further from the truth. Here’s why every Arizona single-member LLC should have one:
How an Estate Plan Can Protect You During Your Lifetime
Estate planning often conjures images of final wishes and inheritance. While ensuring your assets reach loved ones after you’re gone is crucial, a comprehensive estate plan offers vital protection during your lifetime as well. In the face of unforeseen circumstances like illness or incapacity, having a plan empowers you and safeguards your interests.
What Happens When a House Goes Through Probate in Arizona
Inheriting a house can be a bittersweet experience. While it might represent cherished memories and a valuable asset, the process of acquiring it can be clouded in confusion, especially if the property needs to go through the Arizona probate process. Probate is the...
How an Estate Plan Can Protect You During Your Lifetime
“I just want to make things easy for my family.” By creating a plan today, you gain peace of mind knowing your affairs are in order, regardless of what life throws your way. You empower loved ones to act on your behalf with clarity and confidence, minimizing stress and potential conflict during challenging times.
The Importance of Annual Meetings for LLCs
Annual meetings are formal gatherings of the members of an LLC. They are a time for members to review the past year’s business, make decisions about the future of the LLC, and elect new members to the LLC’s management team. This blog discusses reasons these meetings will be offer extra protection for you and your business