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July 2020 Operating Agreement

Prepared an amended and restated operating agreement between equal owners of an Arizona limited liability company.  DeAngelis Legal reviewed and evaluated owners’ objectives and prepared a compressive operating agreement that incorporated the new LLC law which applies to existing entities as of September 1, 2020.  For more on the new law see https://www.deangelislegal.com/arizonas-new-llc-act/  The operating agreement [...]

By |2020-08-29T16:49:10-07:00August 15th, 2020|Entity Formation, Recent Projects, Succession Planning, Protecting Family Wealth, Homepage|Comments Off on July 2020 Operating Agreement

Money Makes Money

“Money makes money. And the money that makes money, makes more money.” Benjamin Franklin This centuries old quote by our founding father could not be more appropriate today. Millions of Americans are out of work, surviving on government subsidies and yet the stock market and real estate market are approaching historic highs. Those with capital [...]

By |2020-07-30T19:20:42-07:00July 23rd, 2020|Past Newsletters, Estate Planning, Succession Planning, Protecting Family Wealth, Homepage, Uncategorized|Comments Off on Money Makes Money

June 2020 Sale of Business

Assisted seller with the proposed sale of a Scottsdale small business.  DeAngelis Legal advised Seller with negotiations and reviewed and revised the asset purchase agreement evidencing the sale, including the preparation of a lease for the property used by the business.

By |2020-07-04T16:52:42-07:00July 15th, 2020|Recent Projects, Mergers & Acquisitions|Comments Off on June 2020 Sale of Business

June 2020 Website Acquisition

Assisted Scottsdale buyer with the purchase of a website and its software.  DeAngelis Legal prepared the asset purchase agreement including provisions necessary to transfer components unique to websites, including software, copyrights, third party licenses, and content and other provisions to protect the buyer such as restrictive covenants and representations.  For more information on structuring mergers [...]

By |2020-08-29T16:37:37-07:00July 15th, 2020|Recent Projects, Mergers & Acquisitions, Business Services, Homepage|Comments Off on June 2020 Website Acquisition

May 2020 Corporate Dissolution

DeAngelis Legal dissolved several entities that had either sold their assets or had terminated their business operations.  Taking the time to formally and correctly terminate the entity with the Arizona Corporation Commission reduces the risk of identity fraud and accelerates the statute of limitations so future claims are barred.  DeAngelis Legal advised the owners on [...]

By |2020-07-04T16:20:28-07:00June 15th, 2020|Entity Formation, Recent Projects, Business Services|Comments Off on May 2020 Corporate Dissolution

May 2020 Entity Formation

DeAngelis Legal formed several new entities from standard real estate holding companies to entities created to capitalize on opportunities caused by the COVID-19 outbreak.  DeAngelis Legal assisted the clients in identifying the correct entity, including the clients' perspectives on privacy, liability protection, complexity and income tax preferences.  DeAngelis Legal prepared the formation documents including articles [...]

By |2020-07-04T16:15:14-07:00June 15th, 2020|Entity Formation, Business Services, Protecting Family Wealth|Comments Off on May 2020 Entity Formation

April 2020 Business Legal Services

DeAngelis Legal spent a substantial amount of time advising business owners with employment, insurance, real estate and operational matters caused by the COVID-19 outbreak, essentially acting as in-house counsel for those businesses who are not large enough to hire full time legal counsel.  On the employment side, we reviewed employment handbooks and assisted owners with [...]

By |2020-07-04T16:01:54-07:00May 15th, 2020|Business Services, Homepage|Comments Off on April 2020 Business Legal Services

Pandemic Planning for Businesses

DeAngelis Legal’s pandemic planning for businesses is a list of topics you should address in light of the COVID-19 outbreak.  For individual topics see Pandemic Planning for Individuals. CARES Act for Businesses. The CARES Act has significant financial benefits for businesses, including employee retention credits, payroll tax deferral, pension funding deferral and income tax relief. A [...]

By |2020-04-28T18:15:27-07:00April 27th, 2020|Past Newsletters, Business Services, Protecting Family Wealth|Comments Off on Pandemic Planning for Businesses

March 2020 General Business

DeAngelis Legal assisted its business clients with a variety of COVID-19 related issues.  These ranged from employee matters, reviewing and negotiating forbearance agreements with lenders and landlords and interpreting force majeure clauses.  We are only scratching the surface of the impact the virus is going to have on businesses and their operations going forward.

By |2020-04-28T18:24:30-07:00April 15th, 2020|Recent Projects, Business Services|Comments Off on March 2020 General Business

CARES Act for Businesses

Below are some of the top tax-related provisions for businesses contained in the Coronavirus Aid, Relief, and Economic Security (CARES) Act, Congress’s gigantic economic stimulus package that the President signed into law on March 27, 2020.  For provisions related to individuals see CARES Act for Individuals Employee Related Relief Employee retention credit for employers. Eligible employers [...]

By |2020-04-27T18:40:20-07:00March 27th, 2020|Business Services|Comments Off on CARES Act for Businesses