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 [...]
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 [...]
Choice of Entity The Tax Cuts and Jobs Act signed in December of 2017 reduced the income tax rate on corporations and pass through entities. The Act, coupled with an increase in business activity in Arizona, has created a lot of questions about the appropriate choice of entity, i.e., what is the best type of [...]
On August 8, 2018 the IRS issued regulations interpreting the new 20% deduction for qualified business income (QBI) created by the Tax Cuts and Jobs Act -- signed into law on December 22, 2017 (“TCJA”), also known as the 199A Pass Through Deduction. Here's a summary of the basic rules: What is the 199A pass through [...]
Represented several different entrepreneurs with the formation of entities in the medical and construction industries. DeAngelis Legal assisted with the entity selection, structure and prepared the necessary formation documents for the entities which included a comprehensive shareholders agreement, bylaws and employment agreements for one entity and an operating agreement for the other.
Quinn has been participating on the State Bar's Business Law Section committee reviewing and drafting Arizona's new Limited Liability Company Act that was signed into law April 10, 2018. He is also on the panel of speakers introducing the legislation at the State Bar Convention in June. The Act does not become effective until September [...]
Represented owners of closely held business with the preparation of a comprehensive LLC operating agreement. Entrepreneurs wanted to resolve ownership and operation issues with respect to their new online apparel and health website. DeAngelis Legal met with the owners to determine their objectives, provided alternative solutions and prepared a comprehensive operating agreement documenting their preferences [...]
August 2017 Entity Formation Created real estate holding company and loan documents. Parent and child desired to purchase real estate. Prior to forming the entity, DeAngelis Legal discussed issues, objectives and alternatives with the parent and recommended an alternative structure to achieve the family’s objectives in an easy to maintain and tax efficient structure. DeAngelis [...]
LLC News. Limited liability companies or LLCs have become the entity of choice over the last 20 years and can be used for a variety of purposes from a single member real estate holding company to a multimember operating business and everything in between. The lack of annual filing requirements, flexible taxation and ease to [...]
Corporate. Created several new entities including a medical practice and real estate holding companies for three separate clients. DeAngelis Legal assisted the owners with the choice of entity and structure, prepared the necessary formation documents and satisfied the Arizona Corporation Commissions requirements for formation.