Arizonans love to do things the old-fashioned way. If I had a dollar for every time a client explains a deal to me by saying something to the effect of, “Well, we shook on it, so it was official,” I would be a moderately wealthy man. Verbal agreements have their place in business, but it [...]
If you are in business long enough, the chances are pretty good that you’ll become involved in the occasional dispute with buyers/ sellers, competitors, employees, a former business partner, or anyone else who you happen to have interacted with. How you prepare for and handle these disputes has a great impact on the health and [...]
Whether you are the party seeking financing for a deal or you are the party with some cash and someone is seeking to borrow that money for a deal they are working on, the topic of personal guaranties is one that you, as a real estate investor, are sure to encounter frequently. When the borrower [...]
“How Do I Avoid Probate?” As an estate planning lawyer, I have the benefit of talking with hundreds of people about their hopes for the future, especially their children’s futures. In all of those conversations, I have never had a single person say, “Boy, I really hope my hard-earned assets get tied up in a [...]
by Michele Leonelli, Phocus Law So you’re keen to invest in the molten-hot real estate market here in town. Your next question, rightly so, is: “What investment structure should I use?” In order to answer this, you’ll need a solid understanding of the various entity structures, their pros and cons, and the mechanics required to [...]
So you’re starting a business. You’ve got that great idea, or you’ve found that perfect piece of property, and you want to make sure that you do everything perfectly out of the gate. First of all, pat yourself on the back for taking the right approach – a stitch in time truly does save nine. [...]