Avoiding business and corporate disputes in Arizona’s business climate

According to the U.S. Census Bureau, Arizona is one of the fastest growing states in the nation. In addition to being the number one state for start-up businesses - according to CNN Money - it is also one of the least expensive states in which to conduct business.

According to the Arizona Commerce Authority, Arizona is a great place to own a business for a number of reasons, including the following:

  • Lower than average property and income tax rates.
  • Small state government structure.
  • One of the lowest unemployment insurance tax rates in the nation.
  • Highly educated workforce and large public universities.
  • Low workers' compensation costs, on average.
  • Strong, state-wide economic performance.
  • Vibrant high-technology business climate.

Despite having one of the best business atmospheres in the country, Arizona business and corporation owners can run into disputes now and then.

Tips for avoiding legal disputes

Every business experiences friction occasionally. Whether a dispute is internal - between co-owners, employees or colleagues - or is with vendors, customers, subcontractors or other business owners, the same principles often apply. Utilize these tips as necessary to help avert problems:

  • Communicate: Many conflicts arise from a lack of communication and misunderstandings can easy escalate to legal disagreements in a business setting. Disputes may be averted, both internally and with external partners, if each is communicating the essentials to the other.
  • Write it down: Too often, people hear what they want to hear and not what was actually said. Commit particulars of any agreement to a written document. Such agreements may include employment contracts, service contracts with vendors or suppliers and joint ventures with other businesses. Carefully document any changes to a written contract to help avoid or bolster your position if an issue ends up in litigation.
  • Anticipate conflict: Business disputes often arise and should be expected, to some degree. As you expand your company, negotiate agreements or go about your daily business dealings, anticipate that conflicts will arise and decide ahead of time how you intend to face them. Identify events that may trigger conflicts and lay out a plan for addressing them.

An attorney can help

From the time of establishing a vision for a start-up business, to its succession to the next generation or its dissolution, an experienced business lawyer can help. An attorney knowledgeable about business and corporate litigation matters can help you address problems or avoid them all together. Consult an Arizona attorney with all your business and corporate questions and concerns.