Jared Owens

About Jared Owens

The Owens Law Firm represent clients in a wide range of practice areas throughout Arizona.  While we practice primarily in estate planning (wills and trusts), and probate and trust litigation, we routinely handle business, real estate, personal injury, and other matters.  We offer free 30 minute consultations.  Regardless of whether you are an individual or a large corporation, we are committed to providing quality legal services at affordable prices.

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Education

• Law School: Ohio State

Common questions about Business Law in Arizona

Answered by Arizona Attorney Search Network

Do I need to register a foreign business in Arizona?

Yes, if your out-of-state entity is 'transacting business' in Arizona under ARS § 10-1501 (corporations) or § 29-3702 (LLCs). Activities like maintaining an office, holding employees, signing contracts in Arizona, or owning real property usually require foreign qualification with the Arizona Corporation Commission. Mere isolated transactions, holding shareholder meetings, or owning bank accounts typically do not.

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.

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