About Adam Staley
Adam Staley is a business and corporate attorney at Staley Law Firm PLLC serving Pinetop, Arizona. Business law practice in Arizona involves entity formation and governance under Title 10 (corporations) and Title 29 (LLCs) of the Arizona Revised Statutes, as well as commercial contracts, business disputes, and regulatory compliance under the Arizona Corporation Commission's oversight. For consultation, contact details are listed below.
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Education
- Law School: Arizona Summit Law School
Common questions about Business Law in Arizona
Answered by Arizona Attorney Search Network
Can I sue a former business partner in Arizona?
Yes. Disputes between business partners or LLC members commonly involve breach of fiduciary duty, breach of operating agreement or partnership agreement, accounting actions, dissolution, and derivative claims. ARS § 29-3110 (LLC fiduciary duties) and ARS Title 29, Chapter 5 (partnership) provide the substantive framework. Most business-divorce cases settle through buy-out negotiations; litigation can be expensive due to discovery into business records.
What's the difference between an LLC and a corporation in Arizona?
An LLC under ARS Title 29 (Arizona Limited Liability Company Act) offers liability protection with pass-through tax treatment by default and minimal corporate formalities. A corporation under ARS Title 10 has shareholders, directors, and officers, requires annual meetings and minutes, and is taxed as a separate entity (C-corp) unless an S-election is made. LLCs are generally preferred for small businesses; corporations are preferred when raising venture capital.
How long do business contracts have a statute of limitations in Arizona?
Written contracts: 6 years under ARS § 12-548. Oral contracts: 3 years under ARS § 12-543. UCC contracts for the sale of goods: 4 years under ARS § 47-2725. Open accounts: 3 years. The clock starts when the breach occurs (or, sometimes, when it's discovered). Acknowledging the debt or making partial payment can restart the clock under ARS § 12-508.
Q&As answered by Adam Staley
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Office Location
Staley Law Firm PLLC
1630 E White Mountain Blvd Ste D1
Pinetop, AZ 85935
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