New Federal Reporting Requirements for LLCs, Corporations and Business Entities. Congress has passed the Corporate Transparency Act (“CTA”), which went into effect on January 1, 2024. The purpose of the CTA is to prevent bad actors to hide funds through complex...
Businesses, just like individuals, need to pay income taxes. They file quarterly reports and then also an annual income tax return. That annual return helps reconcile prior tax contributions with the actual amount due based on end-of-year financial reports. Owners and...
Cavanagh Law is pleased to announce that we had four attorneys honored among the Top 100 Lawyers in Arizona for 2024 by the Best Lawyers in America publication.
It is quite common for one spouse to earn more than the other. In fact, many families reach an agreement where someone leaves the workforce at least temporarily to care for a home, minor children or ailing family members. They voluntarily give up personal income and...
Your decision to end your marriage is one perhaps preceded by careful consideration and thoughtful conversations with the other partner. Even when there are strong feelings and even conflict, it is still possible for two adults to work through the terms of their...
A family business might represent someone's only source of income. Business ownership can also play an important role in someone's sense of self. Especially if they started a professional practice after attending school for years or took over the family business, the...
In legal battles, insurance law is undoubtedly a concern where businesses facing negligence claims must tread carefully. It’s critical to acknowledge that a wide spectrum of challenges can arise and potentially derail the defense strategies of those businesses that...
In the past, couples often chose to remain in unhappy marriages because they thought that was what they were supposed to do. There was a stigma associated with divorce, or many Arizona couples assumed it was not worth the hassle to move forward with this process once...
Your residence is one of the most important assets that you own. In addition to this being an important type of personal property, there is also a significant emotional bond associated with the family home. If you go through a divorce, one of your main concerns may...
When you make the decision to end your marriage, you know that this choice is going to have trickle-down effects on most areas of your life. You may not be able to remain in your home, and you may have to make changes to how often you get to be with your children....