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Piercing the Corporate Veil

Piercing the Corporate Veil – What does it mean, exactly? First, let’s start with the concept of a corporation or limited liability company (LLC). Because they are in and of themselves “entities,” corporations and LLC’s have a legal existence – rights and liabilities distinct from their owners. So, the officers [...]

By |March 29th, 2016|Arizona Law, Business Law, FAQ, Litigation|Comments Off on Piercing the Corporate Veil

Probate Attorney Scottsdale

Scottsdale Probate Attorney Who Provides Cost Effective Representation A loved one's passing is an understandably stressful time.  In addition to grieving for a loved one, individuals often find themselves in the position of being responsible to manage their love one's final affairs.  When it comes to the legal aspect of [...]

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
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