Like poppies blooming in the desert after a wet winter, limited liability companies (LLCs) are everywhere and Arizona’s new LLC Act affects all of them as well as their owners and managers. Arizona’s new LLC Act is based on the Revised Uniform Limited Liability Company Act (RULLCA) endorsed by the Uniform Laws Commission. The new [...]
Represented Scottsdale strategic buyer of retail business. Buyer and Seller negotiated terms of an asset sale. DeAngelis Legal advised the Buyer with structure and terms and prepared a draft asset purchase agreement incorporating the agreed upon terms.
Represented Scottsdale property manager with the preparation of a Tenants In Common agreement with his sister. Brother and sister desired to jointly acquire and own Scottsdale real estate. Rather than holding title to the property in a jointly owned entity, the parties desired to hold title separately as tenants in common to preserve income tax [...]
Represented recently divorced Scottsdale client transfer corporate structure. DeAngelis Legal previously represented client with respect to his estate plan and corporate structure. Upon the client’s divorce, he was required to terminate the trust and remove the divorced spouse’s name from the corporate structure. DeAngelis Legal prepared and filed the necessary documents transferring the structure.
Represented two separate clients with a review and clean up of their corporate structure. The first client owned several unrelated businesses in the healthcare industry and the other client was predominately in real estate development. Both clients wanted to maximize creditor protection while minimizing income taxes. DeAngelis Legal reviewed each client’s situation, made recommendations and [...]
Represented beneficiary with choice of entity and capitalization issues. Beneficiary desired to open a new branch of the family business. DeAngelis Legal assisted beneficiary with reviewing her alternatives and selecting appropriate type of entity, drafted the formation documents and formed the entity. DeAngelis Legal also assisted beneficiary with capitalization of the business and prepared the [...]
Represented closely held Arizona Seller in the sale of assets of online business in the health care industry. DeAngelis Legal assisted Seller in the review and negotiation of an asset purchase agreement, noncompete and related documents with respect to an online health care educational company. DeAngelis Legal also assisted with the closing of the transaction. [...]
Represented high net worth Scottsdale couple owning numerous closely held business and real estate interests with a comprehensive review of their corporate plan. DeAngelis Legal reviewed current terms and structure and made significant recommendations to maximize creditor protection, minimize estate taxes and facilitate administration of structure upon a death or disability of the couple. DeAngelis Legal [...]
Created several new limited liability companies (LLCs). DeAngelis Legal represented a couple current and new clients with the formation of LLCs. DeAngelis Legal assisted the clients with entity type selection and tax classification, preparing the formation documents and filing the Articles with the Arizona Corporation Commission for approval. DeAngelis Legal also terminated one entity which was [...]
Represented two separate clients with the purchase of residential real estate. In each case DeAngelis legal assisted with the review of the purchase contract, title commitment and exceptions, including the CC&Rs, and the closing documents.