Holding Vacation Rental Homes in an LLC: Liability, Insurance, and Tax Considerations Owning a vacation rental home can be a rewarding investment, but it also comes with its own set of challenges, especially when it comes to liability, insurance, and tax implications. Unlike these little turtles who will grow their own protective shell, vacation rental [...]
Employer and employees desired to create an offshoot business separate and apart from the employer’s current business. DeAngelis Legal assisted the parties with creating a new LLC and a comprehensive operating agreement governing control, voting rights and transferability of the ownership interests in the new entity.
Family business engaged DeAngelis Legal to assist with the complete overhaul of their corporate records, including a comprehensive operating agreement for the operating business and various investment entities. DeAngelis Legal reviewed the current structure, interviewed family members and drafted documents implementing the family’s intent.
US Treasury Department Release On March 2, 2025, the United States Treasury Department announced that that it will not enforce any penalties or fines associated with the beneficial ownership reporting rule under the existing regulatory deadlines (currently March 21, 2025) pertaining to the Corporate Transparency Act (“CTA”). Furthermore, it announced that it will not enforce [...]
Scottsdale couple, each with children from a previous marriage, desired to update their general business and estate plans. DeAngelis Legal worked with the couple to design an overall plan that addressed their particular circumstances. DeAngelis Legal drafted the estate plan documents, which included a joint trust, an amended and restated separate property trust for one [...]
DeAngelis Legal assisted established Arizona business with the purchase of industrial real estate in Northern Arizona from a large multi-national corporation. DeAngelis Legal drafted and negotiated the letter of intent, purchase agreement and ancillary closing documents and coordinated the satisfaction of title insurance requirements. In addition, DeAngelis Legal created a separate structure for the entity [...]
On Dec. 26, 2024, the US Court of Appeals for the Fifth Circuit reinstated the nationwide preliminary injunction that enjoins enforcement of the Corporate Transparency Act (“CTA”), including the filing deadlines thereunder. The Fifth Circuit’s Dec. 26th order vacates the December 23rd order that had stayed the nationwide preliminary injunction pending the government’s appeal on [...]
On December 23, 2024, a three-judge panel of the Fifth Circuit Court of Appeals stayed the lower court’s nationwide injunction against the Corporate Transparency Act (“CTA”). The ruling effectively revives the immediate enforceability of the CTA and its reporting requirements. Just three weeks prior, on December 3, 2024, the U.S. District Court for the Eastern [...]
Members of a successful closely held limited liability company disagreed over the entity’s future. The entity engaged DeAngelis Legal to draft an operating agreement to address the parties’ concerns. The agreement substantially modified the fiduciary duties of loyalty and care, implemented comprehensive dispute resolution provisions and set various thresholds for management decisions, including dissolution.
Long-time Scottsdale client started a new venture and desired to grant key employees with equity incentive compensation based on the growth of the business. DeAngelis Legal assisted the client with evaluating alternative compensation plans, including bonus plans, phantom ownership and direct ownership. DeAngelis Legal also prepared a sample grant of interest with vesting provisions and [...]
