What the Arizona Consumer Fraud Act is and How it Can Help You as a Business owner and Consumer.

“Education is the most powerful weapon which you can use to change the world.” ― Nelson Mandela The Arizona Consumer Fraud Act (the Act) provides a person (which could be a person or business as defined under the Act) with a legal remedy when harmed by any person, by an unlawful act, use, or practice in connection with a sale or advertisement of merchandise. The Act prohibits unfair and deceptive business Read More

Financial Literacy: What it means and why it matters.

“An investment in knowledge pays the best interest.” – Benjamin Franklin  Financial Literacy has been defined as the ability to use knowledge and skills to manage financial resources effectively for a lifetime of financial wellbeing.” We can use financial knowledge to make better decisions. From everyday spending to long-term planning, intentional money management could mean leveraging money or access to it to Read More

What are options one has when in dispute with another member of the limited liability company (LLC) or when you have an ownership interest in a corporation?

Governing documents of an LLC, the “operating agreement,” should provide detailed information on how most ownership disputes within the business should be dealt with by a fellow member.  An operating agreement should identify the responsibilities of each member and the first course of action to be taken to resolve a dispute. Alternatively, an operating agreement may provide that the members are not liable to each Read More

Is it too late to file a lawsuit?

A statute of limitation is a law that prescribes the period to file a legal claim. In general, once the statute of limitation “runs out” the legal claim cannot be pursued.  The duration under which you can file a lawsuit varies depending on the type of legal claim and related conduct. Some unlawful conduct could extend the deadline, or “toll” a statute of limitation.  Statutes of Limitation for claims based on Read More

A Few Tips on How to Complain Effectively

This month’s article offers tips on how to approach a business with a complaint when you have a problem with goods or services purchased. Everyone has a right to be given specifics about a product or service prior to purchase (including warranties) and about the process to resolve a problem if the promised product or service is not provided. Always ask about the process at purchase and get it in writing. Prior Read More

5 Important Business Profitability Tips

As a business owner, you have to wear a variety of hats to keep your processes running smoothly. These tips can help your bottom line. 1) Document everything and know how to find the document. Contracts mitigate risk and build trust in partnerships, so make sure to document all of your agreements. If you make verbal business decisions or agreements, always follow up with an email to confirm. Policies and Read More

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