Here, we explore five common legal blunders that can sink a startup, providing insights to help founders navigate the legal landscape and ensure their new venture thrives.
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How to Open a Bank Account for Your Arizona LLC
Congratulations on forming your LLC in Arizona! Now it’s time to establish a dedicated bank account to keep your business finances separate from your personal finances. This guide will walk you through the steps of opening an LLC bank account in Arizona, with some specific tips for Bank of America, Chase, and Wells Fargo.
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 and running a business is certainly exciting, but it also comes with important responsibilities. One crucial legal obligation involves the Arizona Corporation Commission (ACC) – specifically, keeping your business records and filings up-to-date.
Understanding the Distinction Between Employees and Independent Contractors
Distinguishing between employees and independent contractors is fundamental for businesses and workers alike .This blog post explores the key distinctions between employees and independent contractors, shedding light on the implications of each classification.
Four Reasons Why Arizona Business Owners Need an Estate Plan
Do you own a business? If so, creating a proper succession plan can help you ensure that your business profits stay with your family. You can also ensure that there’s no issue with your family and any business partners.
Getting Ready for Beneficial Ownership Information Reports
Business owners, it’s time to get ready for the new Beneficial Ownership Information (BOI) reporting requirements coming in 2024! Starting January 1, 2024, many corporations and LLCs will have to submit a BOI report.
The Importance of an Operating Agreement for LLCs Among Loved Ones
Navigating business with loved ones? Learn why operating agreements are your secret weapon! Prevent conflicts, set clear expectations, and ensure success for your business and your relationships.
Estate and Business Planning for Social Media Influencers
Social media influencers have unique estate planning and business succession needs. This blog post discusses how to protect your assets and your business.
Shielding Your Personal Assets: The Power of an LLC
Discover how forming an LLC can safeguard your personal assets and protect your wealth.