How to Write an Operating Agreement in Phoenix

As a business owner in Phoenix, it’s essential to have a well-crafted operating agreement in place. An operating agreement is a legal document that essentially outlines the ownership structure, management responsibilities, and operational procedures for a limited liability company (LLC). It also serves as the governing rule for your business and can help avoid disputes…

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Independent Contractor Agreements in Phoenix

Enlisting the help of independent contractors to complete specific projects is becoming more and more common for business owners in Phoenix. If you have just hired an independent contractor, you may be tempted to have the worker start immediately. However, by failing to take the time to create an Independent Contractor Agreement, you are much…

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Legal Agreements for Phoenix Small Businesses

Almost half of the state of Arizona’s private workforce—or 44.5% —is employed by small businesses. As a small business owner, this means being part of an economic network that the entire state relies on.  If you’re a new small business owner in Phoenix, however, navigating the various legal agreements can be overwhelming. And even worse,…

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The Importance of Non-Disclosure Agreements in Phoenix Businesses

In the bustling business landscape of Phoenix, Arizona, maintaining a competitive edge is vital for success. This is where the importance of Non-Disclosure Agreements (NDAs) comes into sharp focus. NDAs are legal contracts that prohibit the sharing of confidential information, serving as a cornerstone for safeguarding business interests, especially in a city teeming with innovation…

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Creating Employment Contracts: Tips for Phoenix Employers

Employment contracts are a crucial aspect of the employer-employee relationship, especially in a vibrant business environment like Phoenix, Arizona. As an estate planning attorney based in Phoenix, Nicole Pavlik Law Firm recognizes the importance of carefully drafting employment agreements that comply with both federal and Arizona state laws. This post aims to provide Phoenix employers…

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What is an Operating Agreement?

An operating agreement refers to a legal document outlining the rules and structural makeup of a limited liability company, or an LLC. The operating agreement recognizes the members of the LLC and lists how any business regarding the LLC will be conducted, such as voting procedures, how the funds will be allocated, and disciplinary mechanisms.…

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Benefits of a Partnership Agreement

Although a written partnership agreement is not required under Arizona law, it is critical to the success of your business, even if you are starting your partnership with someone you know and trust, like a family member or close friend. A partnership agreement is a legal document that dictates how the business is run and…

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Benefits of a Small Business Buy-Sell Agreement

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…

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Top Reasons for Succession Planning for Your Business

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…

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Arizona PPP Loan Forgiveness Details For Phoenix

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.…

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