In our last blog post we talked about two different kinds of Limited Liability Companies, or LLCs: Member-Managed or Manager-Managed. Phelps LaClair (with offices in Phoenix, Chandler, and Mesa) is ready to help you determine the right LLC for you. If you’re looking to begin...
In our last blog post we discussed the benefits of forming a Limited Liability Company for asset protection, taxes, and company structure. Because Phelps LaClair is the leader in the Phoenix Valley when it comes to estate planning, we have many Estate Planning options for...
If you’re thinking of starting a business in Arizona, you want to do it right. You’ve probably heard about a Limited Liability Company, or LLC, and you may be considering this as an option for your startup company. There are many benefits to forming an...
Trusts can be used to your advantage for personal and business reasons to accomplish your goals of reducing or eliminating your estate taxes. Other benefits of trusts include: asset protection, probate avoidance, and safeguarding from creditors or lawsuits. Many types of trusts exist, and they each...
Naming a power of attorney can be a wise step to take. If you are ever incapacitated by an illness or injury, they will be able to do things like pay your bills or receive information about your medical condition, depending on the terms of...
The death of a loved one is a challenging time. Unfamiliar legal terms, documents, and processes can make this time even more overwhelming. If you've received a notice of probate of will, or have to send them out as the executor, you may be wondering...
Yes, a trust can own an LLC. In fact, placing your LLC in a trust is often a smart move. When you put your LLC in a trust, you can combine the protections that both entities offer. For example, an LLC will keep your personal assets...
If you own rental properties in Arizona, you may be wondering whether an LLC is something you really need. While LLCs aren’t mandatory for rental properties, they’re certainly a good idea. A Limited Liability Company (LLC) protects assets like real estate by making them into separate...
Forming an LLC is a good way to protect your business assets in the event of a lawsuit or bankruptcy. However, if you’re considering creating an LLC, you may be wondering what happens to your ownership interest after you pass away. At Phelps LaClair, we’re...
If you are starting a business, one of your options for is to form a Limited Liability Company (LLC). There are many advantages to forming an LLC, not just for business reasons, but also for your personal finances and estate. Phelps LaClair (with offices in...