Introduction The attorney’s role in commercial transactions has changed dramatically over the past several years. It is not always possible to wait for the client to request the preparation or review of documents. In many instances, the commercial transactions attorney must now assist the client in finding or creating business opportunities. attorneys. This goes beyond …
Introduction There is a genuine concern about the availability of funds for the long-awaited and much anticipated real estate market recovery in Arizona. With the literal collapse of the savings and loan industry and the current problems being experienced by the banks, these traditional sources of financing cannot now play the role that they did …
Arizona law provides several significant protections to directors and officers.Their ability to receive reimbursements and advances for legal expenses is one such protection.1This often overlooked protection can dramatically affect the feasibility, outcome, and cost of litigation. Arizona law permits both directors and officers to receive reimbursements and advances for legal expenses.Importantly, Arizona law does not …
One major sticking point in the business divorce is what to do with a departing owner’s interest in the company.That departing owner has invested money, sweat, and maybe committed a large share of his or her life to the company to build its value.Unless the corporate governing documents allow for the payment of that value …
Your client, who is a director, officer, or employee of a corporation or a manager, member, or employee of an LLC has called you and reported that they have been sued.They advise they do not have much money to pay for legal fees in defense of the claim.Fortunately, the Arizona statutes provide a method, if …