The Dodd-Frank Act and Pre-Possession Agreements
Following the market crash and the Great Recession, Congress enacted the Dodd-Frank Act to effectuate a “sweeping overhaul of the United States financial regulatory system”…
Arizona Benefit Corporations: Fiduciary Duties
Arizona law requires directors and officers of B-Corporations to look out for non-owner stakeholders, in addition to the company’s shareholders. This is an extraordinary fiduciary…
Arizona’s Newest Business Entity, The Benefit Corporation
In many markets, consumers and employees, alike, hunger for purpose-driven companies committed to socially and environmentally responsible business practices. Prior to this year, however, Arizona…
B-Corporation as Subsidiary for Non-Profits
A B-Corporation could nicely fit within the overall corporate structure of a tax-exempt organization, maintaining the tax exemption by limiting unrelated business income and, at…
Can Realtors® Use Drones To Photograph Listings?
If drone manufacturers have it their way, drones will soon be as common place as iPhones. Domino’s wants to use drones to deliver pizzas; Amazon…
Estate Law: To Port or Not to Port
Recent changes in estate and gift tax rules make traditional A/B Trust planning more complex, and perhaps unnecessary. The personal exemption amount has been substantially increased and made “portable.” Portability allows a surviving spouse to use a deceased spouse’s unused estate tax exclusion, thereby changing consideration concerning the need for the traditional A/B Trust for tax reasons. However, other factors should also be considered.
How to Use Custom Vacation Rental Agreements
Step-by-step instructions on how to use custom vacation rental agreements with VRBO and AirBNB Well drafted rental agreements help prevent disputes and protect the owner’s…
Commercial Court Pilot
You want predictable costs and minimal disruption as you operate your company and the Maricopa County Superior Court has installed a specialized venue.
Vacant Land Not Protected by Anti-Deficiency Statutes
ATTENTION all investors, builders, and anyone planning to build a home: according to the Arizona Court of Appeals’ recent Wild Creek decision and the recently…
How To Quickly Restore Credit Following A Short Sale or Foreclosure
It should be no surprise that a short sale or foreclosure negatively impacts a borrower’s credit score. In fact, in many cases, a borrower with…
How To Minimize Or Eliminate Tax Liability Regarding Mortgage Debt Forgiveness
The general rule is that the forgiveness of debt is a taxable event. 26 U.S.C. § 61(a)(12). Debt forgiveness is included within the taxpayer’s gross…
Legal Alert Regardin FTC Mars Rule and Short Sales
With no sign of short sales going away any time soon and the ongoing need of legal representation to distressed homeowners, Arizona’s legal market is…