As we have noted to our readers in Maricopa County and across Arizona in past select blog posts, the issues confronting would-be and start-up business owners are many and complex.
Take business formation considerations, for example, which confront company principals at the very inception of their enterprise. Corporations, partnerships, limited liability companies and other business entities all have their respective advantages and drawbacks. Which form is right for a new business, and why?
Another example of a sometimes thorny business determination is something we alluded to in our immediately preceding post, namely, the decision whether to lease or buy commercial property. As we noted in our October 14 entry, “Pulling the trigger on either of those options is often an exacting and difficult challenge.”
A recent article in the Phoenix Business Journal spotlights yet another decision that is materially important for business owners, with reference being made specifically to the restaurant industry.
That is this: coming to a well-considered conclusion regarding the ground-up construction of a new restaurant or the purchase of so-called “already built-out” space that was used by a prior owner, respectively.
As noted in the Journal piece, that difficult and singular commercial real estate decision necessitates careful and methodical thinking about a host of factors, including things like street visibility, location (Is it near a popular intersection? Is it easily accessible?), forward-looking economic trends, commercial valuation projections and additional matters.
A seasoned business attorney with a demonstrated record of assisting clients in transactional matters can help a business owner evaluate relevant factors and make informed decisions regarding commercial real estate.
Call Cook & Price, PLC today at 480-407-4440 or email us through this website.