» Business Planning

Man is writing succession planning in the book.

How Can You Determine Who Inherits the Family Business?

If you own a family business, one of your primary long-term concerns should be how to pass the business along to your family when you’re no longer part of it. A frequent hurdle to planning the future is deciding who should inherit the family business and how your family will run the business without you. When you put a business succession plan in… Read More
Read More
Estate plan file

4 Arizona Estate Planning Considerations For Non-U.S. Citizens

Many people with legal residence outside the United States own real estate and other assets in Arizona and spend part of the year here. Regardless of whether the Arizona connection is for residential or business reasons, all non-U.S. citizens need to be attentive to estate planning issues that arise from property ownership in the state. At Peterson… Read More
Read More
Do-It-Yourself Wills & Es…

Do-It-Yourself Wills & Estate Plans Are a Serious Mistake — Especially During Coronavirus (Covid-19) Uncertainties

Your will and other estate plan documents protect you and your family during your life and after you pass away. Your estate plan provides peace-of-mind about the legal protection you have put in place. However, using forms or an online do-it-yourself (DIY) service can defeat those important goals and have significant negative consequences for you a… Read More
Read More
How Do Estate Planning an…

How Do Estate Planning and Financial Planning Work Together To Protect Your Assets and Your Family?

Estate planning and financial planning are different processes that help you protect your assets and plan for the future. Each process has a different purpose. Estate planning attorneys and financial planners have distinct roles and expertise — but your estate plan and financial plan work together to help you achieve important long-term goals. Wh… Read More
Read More
What Business Insurance D…

What Business Insurance Do You Need To Protect Your Arizona Company?

When you own a business, you need business insurance to protect your company and your assets against potential legal liability. Insurance also covers some types of unpredictable business losses. But how do you determine what types of business insurance you need? Insurance agents eagerly market many types of commercial insurance. At Peterson Law Off… Read More
Read More
Categories: Business Planning
1040 tax form

Should You Choose S Corporation Tax Status for Your LLC?

Taxation is one of the primary considerations when deciding whether to establish your business as a Limited Liability Company. Many LLCs have the option of electing to pay taxes as an S Corporation — and sometimes there are benefits in choosing that tax filing status. But how do you know if you should choose S Corporation tax status for your LLC?… Read More
Read More
Categories: Business Planning
LLC operating agreement

New Arizona Limited Liability Company Act Impacts New and Existing LLCs

Arizona laws applicable to limited liability companies (LLCs) in the state change substantially beginning in 2019. The Arizona Limited Liability Company Act (ALLCA), enacted in 2018, affects all current and new LLCs. If you own or are a member of an LLC or contemplate creating one, it is critical that you know about these significant changes. In ou… Read More
Read More
Categories: Business Planning
Types of business

Should You Form an LLC for Your Arizona Business?

Many business owners initially set up their new business as a sole proprietorship. A Limited Liability Company, commonly called an LLC, offers advantages that a sole proprietorship does not. LLCs are a popular choice of structure for many Arizona businesses, but they are not always the best or right choice for every business and owner. Finding the… Read More
Read More
Categories: Business Planning
Gears Printed with Business Continuity - Business Succession Planning

What Is Business Succession Planning — and Why Is It Important?

If you own a business, you spend most (or all) of your time running the business. Do you ever consider what would happen to your business without you? You probably don’t — but you really need to consider that possibility. Business succession planning is the best way to plan for unexpected events that can dramatically affect your business. You i… Read More
Read More

For More Information

  • This field is for validation purposes and should be left unchanged.

Our Instagram Page Our Facebook Page