What is the Difference Between Voluntary and Involuntary Dissolutions of a Corporation?
June 18, 2018Corporations can dissolve by the voluntary agreement of the shareholders or by the involuntary actions of a court. Corporate dissolution may be necessary due to internal conflicts that make it impossible for the corporation to continue doing business, or due to the stark financial reality of insurmountable monetary…
DetailsWhat is a Deceptive Trade Practices Claim?
June 13, 2018Deceptive trade practices occur when a business does something – or nothing – that could mislead a consumer. Although Arizona has not adopted the Uniform Deceptive Trade Practices Act, it does have state laws that prohibit businesses from engaging in any behavior that is deceptive to consumers. In fact, engagin…
DetailsWhat Are Derivative Claims in Business Disputes?
June 11, 2018Business disputes may involve direct claims or derivative claims. In a direct claim, a business seeks financial compensation for an injury caused by another’s action or inaction, such as a garden variety breach of contract claim. Similarly, a direct claim could involve an individual corporate shareholder who clai…
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