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Benefits of a Small Business Buy-Sell Agreement A buy-sell agreement, also known as a buyout agreement, is a legal contract between business owners that governs what happens if a partner dies, retires, or otherwise leaves the business. A buy-sell agreement benefits the business owners, their families, and the business itself. It is one of the…

Succession planning is an often-overlooked part of running a small business in Phoenix. Business owners are usually heavily focused on the day-to-day operations of their company and put off planning for a future where they will no longer be in charge. However, there are numerous benefits of having an effective succession plan in place. Below…

The Paycheck Protection Program (PPP) was lifesaving for many Arizona businesses struggling to survive the COVID pandemic. Although called a loan, if recipients follow the correct requirements, one hundred percent of the PPP funds can be forgiven, essentially turning the loan into a business grant. The government does not automatically forgive PPP loans in Arizona….

Why Do You Need a Business Attorney in Phoenix? There are a variety of different reasons why you should work with a business attorney. Although it is a cost upfront, hiring a Phoenix business attorney can save your business a lot of money in the long run. Below are six reasons why you should work…

Is Phoenix, Arizona a Good Place to Start a Business? Phoenix is one of the best cities in the country to start a business. It was recently ranked as the ninth-best U.S. city to start a business in 2020 by Inc. Magazine. Notable companies located in Phoenix include mattress maker Tuft & Needle and meal…

According to the Journal of the American Medical Academy, Arizona’s life expectancy was 79.3 years in 2016, the most recent year for which data is available. However, life expectancy is only the average number of years a person can expect to live, and many Phoenix residents will live many years past 80. With increasing life…

There are many steps that you must take and documents that you must create when starting a business. Taking the time to prepare your business in the beginning can have huge payoffs later on and help you avoid disasters. Below is a list of general items that you should include in your business planning toolbox….

  Below are a few of the interesting cases before the courts in Phoenix, Arizona. Death Penalty Sentencing In 1993, James Erin McKinney was sentenced to death for murder. McKinney was abused as a child and continued to suffer from PTSD throughout his adult life, but the judge did not consider his childhood history during…

Have an innovative idea?  Learn how to turn an idea into a business.  Have you ever had an innovative idea for a new business venture but didn’t know how to make it happen? Don’t let that stop you from executing your next great idea. Starting a business can be difficult at first, but when you…

Calling all entrepreneurs!  Don’t forget these crucial steps when starting a new business. Entrepreneurs have a lot on their plate and typically don’t mind the challenge! It’s in their blood, right? If you are an entrepreneur and are getting ready to start a new business, there are a few things you will want to check…

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