Breaking a Commercial Lease

Question: I can't afford the commercial lease for my office.  What should I do? Answer: Many business owners are faced with the difficult issue of wanting to break their commercial lease, for any of a host of reasons. And with the increased use by landlords of personal guaranties, breaking a [...]

By |February 15th, 2016|All Categories, Arizona Law, Business Law, FAQ, Property|Comments Off on Breaking a Commercial Lease

Can My LLC Be Taxed As An S-Corporation?

Question:  Can my LLC be taxed as an S-corporation? Answer:  Yes. One of the great features of a limited liability company is that it has numerous options for tax classification.  These options include sole proprietorship/disregarded entity, partnership, S-corporation and C-corporation tax classifications. For single member LLCs or husband and wife [...]

By |February 9th, 2016|All Categories, Business Law, FAQ, Taxes|Comments Off on Can My LLC Be Taxed As An S-Corporation?

Do I Need A Living Trust?

Question:  Do I need a living trust? Answer:  It depends on your family situation, assets and estate planning goals. First, what is a living trust?  A living trust, also called a revocable living trust, is an estate planning vehicle that allows you to transfer your property to other persons after [...]

By |January 25th, 2016|All Categories, Estate Planning, FAQ, Probate, Taxes|Comments Off on Do I Need A Living Trust?

Top 7 Business Legal Issues

The services our firm provides are largely dedicated to helping individuals, families, entrepreneurs and companies save on their legal costs. That is, our attorneys endeavor to decrease our clients’ exposure to liability and litigation. Powers & Neal has taken this approach on behalf of numerous small businesses.  Here are the [...]

By |October 28th, 2015|All Categories, Business Law, FAQ, Litigation|Comments Off on Top 7 Business Legal Issues

Federal Judge Overturns Tom Brady NFL Suspension

Federal district judge Richard M. Berman is now a famous federal district court judge. Today, Judge Berman reversed a ruling by NFL Commissioner Roger Goodell to suspend Tom Brady for four games, due to the "deflategate" dispute over underinflated balls Brady allegedly used in the AFC Championship game in January, [...]

By |September 3rd, 2015|All Categories, Current Events, Rich & Famous|Comments Off on Federal Judge Overturns Tom Brady NFL Suspension

What You Should Know About Wills and Probate

Thank you for visiting to learn some basics about wills and probate.   First, let’s define both wills and probate: A will is a document which states who should inherit a person's property after passing, who should administer their estate during a probate matter (the "personal representative"), and who should [...]

By |July 15th, 2015|All Categories, Arizona Law, Estate Planning, Probate|Comments Off on What You Should Know About Wills and Probate
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