Distressed Businesses: Overcoming Obstacles in the Road to Recovery

The Arizona economy and our local businesses are suffering significant distress in these uncertain times. A business’ going concern premise is compromised as growth and cashflows decline and risk increases. Financial distress is a condition in which a company or individual cannot generate revenue or income resulting in challenges in paying its financial obligations. This[ … ]

Death and Taxes vs. Preserving Wealth – The Final Exit Planning Contest

Full disclosure: Wealth preservation planning can’t help any of us cheat death, but it can help business owners to avoid taxes and achieve financial security. Read on. The ideal Exit Plan (one that provides the business exit you desire) includes a strategy to help you preserve your hard-earned wealth from unnecessary taxation when it is[ … ]

Preparing for Arizona’s New Mandatory Sick Leave Under Prop 206

On November 8, 2016, Proposition 206: The Fair Wages and Healthy Families Act passed, receiving nearly 60% of votes. There are two parts to Prop 206; the first is a minimum wage increase, and the second is mandatory employer-provided sick leave. Minimum Wage Increase On January 1, Arizona’s minimum wage increased to $10.00 an hour,[ … ]

Smart Strategies to Handle the “Downfall” Problem 1 in 4 New Businesses Experience

One of the most (if not the most) important indicators of business health is its cash flow. Even if your business is profitable and growing, if you don’t have a consistent stream of cash coming in, you’ll run into financial trouble. Lack of cash flow is the primary reason that more than one quarter of[ … ]