T Lee

About T Lee

Jim practices in the areas of estate planning, business design and structuring, and commercial transactions, including tax planning, corporate, partnership, LLC, real estate, and international matters. He counsels clients on wealth transfer strategies, the use of trusts (including grantor trusts, such as GRATs and QPRTs), commercial business entities, family limited partnerships and LLCs, tax-free installment sales, and other sophisticated tax planning techniques. Jim works closely with individuals and families, developing long-term relationships to help ensure continuity from generation to generation.

This profile was compiled from publicly available information. Is this your profile? Claim it to add your bio, photo, and more.

Education

• Law School: Brigham Young

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 is a buy-sell agreement?

A buy-sell agreement is a contract among co-owners of a business specifying what happens to an owner's interest upon death, disability, divorce, retirement, or voluntary sale. Common structures include cross-purchase (other owners buy the departing owner's share), entity redemption (the company buys it), or hybrid. Buy-sell agreements typically address valuation methodology, funding (often via life insurance), and triggering events.

How do I form an LLC in Arizona?

File Articles of Organization with the Arizona Corporation Commission under ARS § 29-3201, designate a statutory agent (ARS § 29-3115), and adopt an operating agreement. Arizona does not require LLCs to publish notice of formation in most counties as of 2017, though Maricopa and Pima exemptions remain. Filing fees are modest, and Arizona does not require an annual report or fee for LLCs.

Q&As answered by T Lee

T Lee hasn't published any Q&As yet. Are you this attorney? Claim your profile to add your expertise on Arizona business law questions.

Practice Areas

Notable Case Results

Office Location