DeAngelis Legal negotiated the terms of the letter of intent and purchase documents and assisted the closing of the sale of the business of a long time corporate client in Phoenix. DeAngelis Legal had represented the entity since formation over 20 years ago. Over the years, DeAngelis Legal provided advice on a variety of business [...]
Earlier this year Quinn volunteered to pack food boxes at St. Mary’s Food Bank and was impressed with their mission and operations. Currently, 1 in 4 Children live in poverty, and food insecurity rates are nearing 30% in Arizona. This holiday season DeAngelis Legal has teamed up with the St. Mary’s Food Bank to fight [...]
Business activity is normalizing, with merger and acquisition increasing. In June DeAngelis Legal reviewed two letters of intent, prepared another and talked with several other business owners who were considering a transaction. We had not seen this level of activity since 2019, but it remains to be seen whether the activity will continue or result [...]
The death toll resulting from COVID-19 continues to climb. June was no exception, with several new probates opened and trusts administered. A common theme among them was the failure to find the decedent’s original documents. The probate process is one of the few remaining areas where an original will is still required. This is because [...]
Long time Phoenix husband and wife clients own a closely held business among other assets. DeAngelis Legal met with the new clients to discuss their objectives and alternatives and drafted the updated wills, revocable trust, powers of attorney and ancillary documents to achieve their objectives. DeAngelis Legal also updated the corporate records of their business, [...]
New Surprise client had complex and illiquid business and real estate structure with his son intertwined with the estate plan of his deceased spouse. DeAngelis Legal retraced years of financial transactions, met with the client regarding his documents and objectives and developed a plan for moving forward. The plan cleaned up and documented past transactions, [...]
In May we saw a significant uptick in business transactions and investment activity, including the review and analysis of start up companies. In one such matter, DeAngelis Legal reviewed the proposed documents, assisted the client in negotiations and structuring of the investment and documented the transaction. Documents included a promissory note and security agreement and [...]
“It’s not personal, it’s just business.” This often used phrase is utilized in a variety of contexts, often to justify some extreme unsupported negotiation position or rationalize an unreasonable result. However, it is plain wrong; business is personal. Business owners who fail to recognize this limit their success and risk losing their investment, goodwill or [...]
Buy-Sell Provisions – What is Appraised Market Value? LLC operating agreements, LLP partnership agreements, and corporation shareholder agreements all contain buy-sell provisions. These provisions grant options to purchase or require purchase of an ownership interest upon certain events such as termination of employment, death, disability, divorce, bankruptcy, etc. (the “triggering events”) in situations where the [...]
The COVID-19 Christmas waive hit Arizona hard and it showed up in the number of new probate and trust administration files being opened. From easy informal probates of signed wills, to intestate estates for those that failed to sign a valid will to complex trust administrations, DeAngelis Legal has been advising numerous trustees and beneficiaries [...]
