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December 2022 Letter of Intent

DeAngelis Legal reviewed a letter of intent for the seller of a Scottsdale based business. The letter outlined the material terms for the purchase and allowed the parties to proceed with more detailed due diligence.  DeAngelis Legal clarified certain terms and provided additional language protecting the parties.

By |2023-01-23T15:00:27-07:00January 15th, 2023|Recent Projects, Mergers & Acquisitions, Business Services, Homepage|Comments Off on December 2022 Letter of Intent

November 2022 LLC Formations

DeAngelis Legal created three new investment holding companies for three separate clients in Scottsdale, Phoenix and Mesa.  The entities will be used to hold real estate and private equity investments.  Two entities were created to be disregarded for tax purposes and the third has several family members and therefore is taxed as a partnership.  DeAngelis [...]

By |2023-01-23T15:19:02-07:00December 15th, 2022|Entity Formation, Recent Projects, Business Services, Protecting Family Wealth|Comments Off on November 2022 LLC Formations

November 2022 Corporate Records Update

DeAngelis Legal performed a comprehensive review of the corporate records of an Arizona based closely held business.  The review included a clean-up of the shares certificates and transfer ledger, minutes of shareholder and director meetings and buy-sell terms for the operating and related entities.

By |2023-01-23T14:52:20-07:00December 15th, 2022|Recent Projects, Business Services|Comments Off on November 2022 Corporate Records Update

October 2022 LLC Operating Agreement Review

DeAngelis Legal performed a comprehensive review and edit of a proposed multi-member LLC operating agreement on behalf a new client.  The client asked DeAngelis Legal to provide input on the operating agreement.  DeAngelis Legal provided a memo with additional questions and substantive comments and edits regarding management, capital contributions, purchase options and purchase price valuation.

By |2022-11-13T14:55:02-07:00November 15th, 2022|Entity Formation, Recent Projects, Homepage|Comments Off on October 2022 LLC Operating Agreement Review

Corporate Structure Review

Falling for fall. Fall is wonderful. Harvest time. The afterglow of summer travels and the excitement of the first snowfall knowing the holidays and ski season are right around the corner. It is also a time when we audit our corporate clients to review strategic plans, make sure their corporate structure is appropriate and assure [...]

By |2022-10-28T09:55:28-07:00October 22nd, 2022|Entity Formation, Business Services, Protecting Family Wealth|Comments Off on Corporate Structure Review

August 2022 Corporate Records Clean Up

DeAngelis Legal reviewed the corporate records of a client who created several entities on their own.  DeAngelis Legal prepared missing and updated documents necessary to satisfy the title company’s requirements.  The documents included amendments to operating agreements, member consents and a deed.

By |2022-10-27T15:29:42-07:00September 15th, 2022|Recent Projects, Business Services, Protecting Family Wealth, Homepage|Comments Off on August 2022 Corporate Records Clean Up

June 2022 Complex Trust Administration

June marked the end of a four year complex trust administration odyssey.  This administration could have been a television show, as it had every intrigue you can imagine - power struggles, illiquid assets, environmental claims, a defunct closely held business with unpaid claims, an injunction preventing the sale of real estate, property tax claims, third [...]

By |2022-07-21T12:14:07-07:00July 15th, 2022|Recent Projects, Probate and Trust Administration, Estate Planning, Succession Planning, Protecting Family Wealth, Homepage|Comments Off on June 2022 Complex Trust Administration

June 2022 Sale of Goodwill

DeAngelis Legal documented the sale of goodwill of a Phoenix food distributer.  In this friendly sale of the business, the buyer and seller had a long standing relationship.  DeAngelis Legal prepared the purchase and sale agreement on behalf of the seller and the transaction closed with minimal changes from either party.

By |2022-07-21T12:13:28-07:00July 15th, 2022|Recent Projects, Mergers & Acquisitions, Business Services, Succession Planning|Comments Off on June 2022 Sale of Goodwill

June 2022 Employment Agreement

DeAngelis Legal prepared a comprehensive employment agreement with change in control provisions for this Scottsdale based business.  For closely held companies, guaranteeing compensation upon a change in control or sale of the business is better than giving key employees equity in the entity.  The benefits of this structure are (a) the employee does not have [...]

By |2022-07-28T20:03:59-07:00July 15th, 2022|Recent Projects, Business Services|Comments Off on June 2022 Employment Agreement

April 2022 Estate Planning for Generational Wealth

DeAngelis Legal prepared the estate plan for a young couple with generational wealth.  This project was made more complicated by one spouse’s interest in four irrevocable trusts and a myriad of out of state family businesses gifted from the spouse’s parents.  While the couple’s planning was simple, DeAngelis Legal assisted the spouse understand her rights [...]

By |2022-07-21T12:11:11-07:00May 15th, 2022|Recent Projects, Federal Estate Tax, Probate and Trust Administration, Estate Planning, Succession Planning, Protecting Family Wealth|Comments Off on April 2022 Estate Planning for Generational Wealth