Business Law, Corporations & Employee Rights

“Business opportunities are like buses, there’s always another one coming.”
– Richard Branson

The various forms of business entities include sole proprietorships (for one person), partnerships (for two or more persons), limited liability partnerships, limited liability companies, for-profit corporations (both C-corporations and S-corporations), and non-profit corporations.

The decision as to which business entity to choose generally involves both legal and tax considerations, and should be made only after careful review and analysis of:

    • the nature of business to be conducted
    • the number and type of owners
    • the required capital contributions
    • the expected number of employees
    • the anticipated annual revenue.

The attorneys at Loose Law Group have formed hundreds of business entities for their clients, including all of the various types of entities mentioned above.  Our attorneys are familiar with the legal and tax implications of each type of business entity, and they counsel business owners regarding the type of entity which will best suit their needs.

Once the type of business entity is chosen, we handle the entire organization process in order to ensure a quick and smooth start-up.

Construction Law

Contracts

Corporations

Employee Rights

Employer Rights

Homeowners Associations

Intellectual Property

Limited Liability Companies

Non-Profit Organizations

Partnerships

Real Estate

Trace Names

Trademarks

Frequently Asked Questions

  • Are shareholders personally liable for debts of a corporation?

    Generally, owners of a corporation, otherwise known as shareholders, risk only the investment they make in the business to purchase their shares.  Thus, shareholders have only a limited liability.  It is the concept of limited liability that makes a corporation a good form of business ownership for someone starting a business who wants to shield his personal assets from the debt of his business.

  • How would I get started forming a corporation?

    One or more persons may form a corporation in Arizona.  Those forming the corporation are called incorporators.  Incorporators must file Articles of Incorporation and a certificate of disclosure with the Arizona Corporation Commission (ACC). After filing the documents, an organizational meeting of directors must be held to adopt bylaws, elect officers, and transact other initial business.

  • What are the advantages of a Limited Liability Company (LLC)?

    LLCs have a couple of distinct advantages over traditional business forms.  First, an LLC is not required to file annual reports or pay annual fees to the state.  A corporation is required to do both.  Second, an LLC may be structured so that members participate in the management of the business without losing their limited liability.  In an LLC, a member’s liability for the company’s debts and obligations is generally limited to the amount of his investment.  LLCs have replaced corporations as the dominant form of business for non-publicly traded entities in Arizona.

What our clients are saying…

Client Reviews

My husband and I worked with Leighten to revise our Estate Plan and create an LLC. As you know, this can be a challenging subject to discuss, but Leighten was amazing at explaining everything in terms we could easily understand, and all around it was such a pleasant experience! We actually had fun! Also, Rachel at the front desk is the best! She made scheduling easy, and always welcomed us like we were old friends. We plan to refer her to all our friends and family to Loose Law Group!

Client Reviews

Great team, very helpful, and prompt.  From Rachel in reception to Laura and Leighton the law team, everyone was very friendly and professional. Needed estate planning documents drafted and they handled everything perfectly.  I send them all my information and a few weeks later went to their offices to review and sign the documents, very easy and straightforward.  Everything was thoroughly explained and all my questions were answered, could not have been easier.

Ready to talk with an expert?