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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.

Navigating business law requires a competent business attorney from the start, while established firms benefit from retaining dedicated corporate counsel to represent their exclusive best interests.

The business attorneys at Loose Law Group have formed hundreds of corporate entities for their clients, including all of the various types of entities mentioned above.  Our lawyers 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.

Construction Law

Contracts

Corporate Counsel

Corporations

Employee Rights

Employer Rights

Homeowners Associations

Intellectual Property

Limited Liability Companies

Non-Profit Organizations

Partnerships

Real Estate

Trace Names

Trademarks

Corporate counsel – Your company’s exclusive best interests

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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…

Corporate Counsel & Business Attorney

The wonderful team at Loose Law helped my wife and I set up our family trust as well as an LLC. They also helped us close the LLC years later! We’ve found everyone on the Loose Law team to be professional, caring, attentive, and happy! Imagine- lawyers that smile! We’ll be back soon for an update to our trust, and we’ll only “trust” the Loose Law team with the work! Thank you, Loose Law Group!

Corporate Counsel & Business Attorney

The Loose Law Group has now taken cared of two very important things for us… They are swift, professional, and compassionate. Don is so knowledgeable! Thank you Loose Law Group!

Meet Loose Law Group’s Business Law Team

Donald A. Loose

Ernst Janensch

Frank Scerbo

Ryan Hawkins

Nick Van Vleet

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