Do You Need an Operating Agreement for Your Limited Liability Company?

A Limited Liability Company (“LLC”) is a type of business structure that can combine the pass-through taxation of a partnership, or sole proprietorship, with the limited liability of a corporation.  As such, it has become the preferred manner of conducting business for many new business enterprises.  Originally, most states required that there be two or…

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THE IMPORTANCE OF KNOWING HOW PROPERTY IS OWNED

When advising a client as to their estate planning needs, one of the first discussions that a lawyer must have with a client concerns understanding the difference between probate and non-probate assets.  Generally speaking, probate assets are those assets that are distributed through the Court process and pass to the beneficiaries, either pursuant to the…

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IMPORTANT NOTICE TO HOMEOWNERS: PROPERTY DEED SCAM

We have received notice from the Maricopa County Recorder’s office of a property deed scam.  Homeowners should be cognizant of letters going out across Maricopa County that urge recipients to pay to receive a copy of their property deeds. The official-looking (however, they are NOT official government letters from the Recorder’s Office) correspondence comes from…

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