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June 2021 Letters of Intent

Business activity is normalizing, with merger and acquisition increasing.  In June DeAngelis Legal reviewed two letters of intent, prepared another and talked with several other business owners who were considering a transaction.  We had not seen this level of activity since 2019, but it remains to be seen whether the activity will continue or result [...]

By |2021-07-31T07:28:36-07:00July 15th, 2021|Past Newsletters, Recent Projects, Mergers & Acquisitions, Business Services, Homepage|Comments Off on June 2021 Letters of Intent

May 2021 Estate Planning and Corporate Update

Long time Phoenix husband and wife clients own a closely held business among other assets.  DeAngelis Legal met with the new clients to discuss their objectives and alternatives and drafted the updated wills, revocable trust, powers of attorney and ancillary documents to achieve their objectives.  DeAngelis Legal also updated the corporate records of their business, [...]

By |2021-06-25T17:27:50-07:00June 15th, 2021|Recent Projects, Estate Planning, Business Services, Succession Planning, Protecting Family Wealth, Homepage|Comments Off on May 2021 Estate Planning and Corporate Update

May 2021 General Business

In May we saw a significant uptick in business transactions and investment activity, including the review and analysis of start up companies.  In one such matter, DeAngelis Legal reviewed the proposed documents, assisted the client in negotiations and structuring of the investment and documented the transaction.  Documents included a promissory note and security agreement and [...]

By |2021-06-25T17:21:11-07:00June 15th, 2021|Mergers & Acquisitions, Business Services, Homepage|Comments Off on May 2021 General Business

Business is Personal

“It’s not personal, it’s just business.” This often used phrase is utilized in a variety of contexts, often to justify some extreme unsupported negotiation position or rationalize an unreasonable result. However, it is plain wrong; business is personal. Business owners who fail to recognize this limit their success and risk losing their investment, goodwill or [...]

By |2021-04-27T14:04:24-07:00April 15th, 2021|Past Newsletters, Mergers & Acquisitions, Business Services, Protecting Family Wealth, Homepage|Comments Off on Business is Personal

Buy-Sell Provisions – What is Appraised Market Value?

Buy-Sell Provisions – What is Appraised Market Value? LLC operating agreements, LLP partnership agreements, and corporation shareholder agreements all contain buy-sell provisions. These provisions grant options to purchase or require purchase of an ownership interest upon certain events such as termination of employment, death, disability, divorce, bankruptcy, etc. (the “triggering events”) in situations where the [...]

By |2021-04-27T14:05:46-07:00March 15th, 2021|Past Newsletters, Entity Formation, Business Services, Succession Planning, Homepage|Comments Off on Buy-Sell Provisions – What is Appraised Market Value?

February 2021 Entity Formation Documents

The new year kicked off strong on the business side. DeAngelis Legal assisted several clients with start-up entities, evaluating investments in venture capital opportunities and the formation of real estate holding companies. The real estate acquisitions ranged from single family lots to commercial buildings and the business ranged from online products and services to construction [...]

By |2021-04-22T19:16:18-07:00February 15th, 2021|Real Estate, Past Newsletters, Entity Formation, Recent Projects, Mergers & Acquisitions, Business Services, Succession Planning, Protecting Family Wealth, Homepage|Comments Off on February 2021 Entity Formation Documents

January 2021 Estate Planning Update

Estate Planning Update January, 2021 2021 Annual Gift Tax Exclusion: remains at $15,000 per donor, per donee. 2021 Gift and Estate Tax Exemption: increased to $11,700,000 per donor through 2025, see #8. Marital Deduction for Transfers to U.S. Spouse: unlimited. 2021 Generation Skipping Tax Exclusion: increased to $11,700,000 per donor through 2025, see #8. Top [...]

By |2021-01-26T19:26:49-07:00January 25th, 2021|Annual Estate Plan Updates, Past Newsletters, Federal Estate Tax, Estate Planning, Succession Planning, Protecting Family Wealth|Comments Off on January 2021 Estate Planning Update

December 2020 Corporate Succession Planning

Assisted long time corporate client with the review and implementation of its succession plan.  DeAngelis Legal reviewed the plan and prepared the necessary documents to the next stage of the plan, which included issuing additional shares to key employees and making gifts to family members, effectively cleaning up fractional shares of the entity and furthering [...]

By |2021-01-25T18:02:13-07:00January 15th, 2021|Recent Projects, Business Services, Succession Planning, Homepage|Comments Off on December 2020 Corporate Succession Planning

November 2020 Probate and Trust Adminstration

Three years!  After three years, we completed the administration of a client’s deceased aunt’s estate and trust.  What should have been a relatively simple administration turned into a lengthy probate.  The administration was not contested but was complicated by the aunt’s lack of financial records, failure to title assets in the name of her trust, [...]

By |2020-12-04T16:50:18-07:00December 15th, 2020|Recent Projects, Probate and Trust Administration, Estate Planning, Succession Planning, Protecting Family Wealth, Homepage|Comments Off on November 2020 Probate and Trust Adminstration

November 2020 LLC Operating Agreement Review

Assisted new client with the review and negotiation of a operating agreement for a closely held company.  DeAngelis Legal provided comments and recommendations as well as sample provisions for updating the agreement incorporating Arizona's new LLC Act.

By |2020-12-04T16:50:58-07:00December 15th, 2020|Entity Formation, Recent Projects, Business Services, Succession Planning, Protecting Family Wealth, Homepage|Comments Off on November 2020 LLC Operating Agreement Review