» Business Planning
Advantages of Starting Your Small Business as an LLC
May 17th, 2022
When you establish a small business, one of your most important decisions is the legal structure of the business. In Arizona, you can choose among a number of legal entity options. For many new small business owners, an LLC or Limited Liability Company is an excellent choice. An LLC has advantages over other structure choices for a business, partic…
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Categories: Business Planning
3 Ways an Attorney Can Help Your Arizona Small Business
June 17th, 2021
Whether you’re establishing a new small business or running an existing one in Arizona, a business law attorney can help you keep your company running smoothly. Your lawyer also can make sure you protect your business and personal financial interests for the future. Attorney Shane Peterson explains three ways an attorney can help your Arizona…
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How Is Your Business Included in Your Estate Plan?
March 17th, 2021
A properly developed estate plan provides protection for your family in the event of unanticipated events that can endanger their security and future. If you own a business, addressing the future of your business in your estate plan is just as essential as safeguarding your family. This strategy ensures that your family won’t face any difficultie…
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The Best Way To Start a Small Business in Arizona
November 17th, 2020
Starting a new business is exciting. But tending to the details, including all the necessary legal prerequisites, can feel overwhelming. Fortunately, there are many places to turn for guidance — but even choosing where to begin can be a perplexing task. If you’re looking for an overview of what it takes to start a small business in Arizona and…
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Categories: Business Planning
How Can You Determine Who Inherits the Family Business?
July 16th, 2020
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…
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4 Arizona Estate Planning Considerations For Non-U.S. Citizens
June 18th, 2020
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…
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Do-It-Yourself Wills & Estate Plans Are a Serious Mistake — Especially During Coronavirus (Covid-19) Uncertainties
April 6th, 2020
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…
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How Do Estate Planning and Financial Planning Work Together To Protect Your Assets and Your Family?
October 17th, 2019
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…
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What Business Insurance Do You Need To Protect Your Arizona Company?
September 19th, 2019
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…
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Categories: Business Planning
Should You Choose S Corporation Tax Status for Your LLC?
August 15th, 2019
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?…
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Categories: Business Planning
