Several clients have asked about owning investment Real Estate (usually a rental property) in a Limited Liability Company (“LLC”). Usually, the main reason for clients are interested in placing property in a LLC is to provide additional liability to the owner. To understand how this additional protection is provided, assume that you have purchased a…
The Carroll Law Firm is not “a Bankruptcy Law Firm”, and it never was our intention or expectation that we would be filing as many Bankruptcy Petitions on behalf of so many individuals, families and businesses. In fact, in 2007 when the Arizona office was first opened, if you needed representation in a Bankruptcy Proceeding,…
We have heard of attorneys encouraging people to max out their credit cards before filing bankruptcy. Our attorneys strongly disagree with this advice for several reasons. First it is dishonest. Some people would say that filing bankruptcy is dishonest in itself, so why not get as much out of it as you can. Filing bankruptcy…
What are the exemptions in Arizona, and what can I keep if I file bankruptcy? Each state chooses exemptions that apply in filing bankruptcy, and can either choose to allow use of the federal exemptions, or not. In Arizona the federal exemptions are NOT available, a debtor must use the state exemptions. In Arizona, the…
Arizona law does not use the term “alimony,” and instead uses the term “spousal maintenance” when referring to support payments made by one spouse to another. Spousal maintenance can be awarded as part of the terms of a divorce decree, during the time between filing for divorce and the court entering a final decision, or…
In Arizona, a non-profit is not necessarily a charity. Often people make the mistake of assuming a non-profit is automatically a charity, which can leave the non-profit organization open to tax liability down the road. A non-profit is an organization is created for some purpose other than making a profit for owners or investors, but…
In Arizona, as in most states, car insurance is mandatory. Despite this fact, however, some motorists are still uninsured. If you find yourself in a car accident where the other party is uninsured, there are still ways you may recover money for your damages. First of all, even if the other driver is uninsured, you…
In many cases, a short sale would be a beneficial option to homeowners suffering from too much debt. A short sale is the sale of a home where the bank agrees to allow the sale of the home without getting full payment of the debt on the home. A short sale can have some very…
Of all the things we own, our home and its belongings are probably our most prized possessions. We buy insurance to cover it in case of loss; we lock it up when we leave; we install security systems; and we still have our neighbors watch over it when we are gone for long periods of…
The short answer is no. You can apply for a federal trademark registration even if you have not used a product. Prior to Nov. 16, 1989 a trademark application could not be submitted without proof that the trademark had already been “used in commerce.” This resulted in large companies shipping small quantities of products with…
During this time of heightened concerns over COVID-19, The Carroll Law Firm, PLC is open and can provide telephonic appointments for many types of consultations.